Bank of Stockton boosted its holdings in shares of Intercontinental Exchange Inc (NYSE:ICE) by 45.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,035 shares of the financial services provider’s stock after buying an additional 1,585 shares during the quarter. Bank of Stockton’s holdings in Intercontinental Exchange were worth $464,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. Next Capital Management LLC purchased a new stake in Intercontinental Exchange in the second quarter valued at approximately $26,000. Carroll Financial Associates Inc. grew its position in shares of Intercontinental Exchange by 51.3% during the second quarter. Carroll Financial Associates Inc. now owns 360 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 122 shares during the last quarter. Arlington Partners LLC bought a new position in shares of Intercontinental Exchange during the second quarter worth about $34,000. Financial Advantage Inc. bought a new position in shares of Intercontinental Exchange during the third quarter worth about $34,000. Finally, Sandy Spring Bank grew its position in shares of Intercontinental Exchange by 41.8% during the second quarter. Sandy Spring Bank now owns 404 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 119 shares during the last quarter. Institutional investors own 89.72% of the company’s stock.
In other Intercontinental Exchange news, Vice Chairman Charles A. Vice sold 15,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $89.76, for a total transaction of $1,346,400.00. Following the transaction, the insider now owns 408,153 shares in the company, valued at $36,635,813.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Andrew J. Surdykowski sold 1,100 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $93.82, for a total value of $103,202.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 132,426 shares of company stock valued at $12,273,272. Insiders own 1.50% of the company’s stock.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.02. Intercontinental Exchange had a net margin of 31.85% and a return on equity of 12.22%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $0.90 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts expect that Intercontinental Exchange Inc will post 3.82 EPS for the current year.
A number of equities analysts recently issued reports on the stock. Oppenheimer assumed coverage on shares of Intercontinental Exchange in a research report on Monday, September 16th. They issued an “outperform” rating and a $100.00 target price for the company. Wells Fargo & Co increased their target price on shares of Intercontinental Exchange from $90.00 to $95.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. ValuEngine lowered shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. increased their target price on shares of Intercontinental Exchange from $97.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. Finally, FIX assumed coverage on shares of Intercontinental Exchange in a research report on Monday, September 16th. They issued an “outperform” rating and a $100.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. Intercontinental Exchange currently has an average rating of “Buy” and an average target price of $92.04.
Intercontinental Exchange Profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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