Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Cullen Investment Group LTD.

Cullen Investment Group LTD. boosted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICEFree Report) by 3.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,996 shares of the financial services provider’s stock after purchasing an additional 482 shares during the quarter. Cullen Investment Group LTD.’s holdings in Intercontinental Exchange were worth $1,787,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Pettyjohn Wood & White Inc. boosted its position in Intercontinental Exchange by 0.5% during the 4th quarter. Pettyjohn Wood & White Inc. now owns 15,813 shares of the financial services provider’s stock valued at $2,031,000 after purchasing an additional 75 shares during the period. Western Pacific Wealth Management LP boosted its position in Intercontinental Exchange by 4.9% during the 4th quarter. Western Pacific Wealth Management LP now owns 1,715 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 80 shares during the period. Kampmann Melissa S. boosted its position in Intercontinental Exchange by 0.3% during the 4th quarter. Kampmann Melissa S. now owns 26,175 shares of the financial services provider’s stock valued at $3,362,000 after purchasing an additional 85 shares during the period. Assetmark Inc. boosted its position in Intercontinental Exchange by 0.8% during the 4th quarter. Assetmark Inc. now owns 10,224 shares of the financial services provider’s stock worth $1,313,000 after acquiring an additional 86 shares during the period. Finally, UNIVEST FINANCIAL Corp boosted its position in Intercontinental Exchange by 4.2% during the 4th quarter. UNIVEST FINANCIAL Corp now owns 2,230 shares of the financial services provider’s stock worth $286,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ICE. Morgan Stanley boosted their price target on Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Bank of America reduced their price target on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Citigroup boosted their price target on Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday, May 31st. Finally, Barclays reduced their price target on Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus target price of $148.29.

View Our Latest Report on ICE

Insider Transactions at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 2,238 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $137.36, for a total transaction of $307,411.68. Following the sale, the director now directly owns 29,347 shares of the company’s stock, valued at $4,031,103.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Judith A. Sprieser sold 2,267 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $134.57, for a total transaction of $305,070.19. Following the transaction, the director now directly owns 28,849 shares of the company’s stock, valued at $3,882,209.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Judith A. Sprieser sold 2,238 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $137.36, for a total value of $307,411.68. Following the transaction, the director now directly owns 29,347 shares in the company, valued at $4,031,103.92. The disclosure for this sale can be found here. Insiders have sold 63,234 shares of company stock valued at $8,668,823 over the last three months. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Up 0.2 %

Shares of Intercontinental Exchange stock opened at $136.42 on Wednesday. The stock’s fifty day moving average is $133.60 and its 200-day moving average is $131.67. The firm has a market capitalization of $78.25 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 2.54 and a beta of 1.06. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. Intercontinental Exchange, Inc. has a 12-month low of $104.49 and a 12-month high of $140.43.

Intercontinental Exchange (NYSE:ICEGet Free Report) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.48. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. Intercontinental Exchange’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 earnings per share. Equities analysts anticipate that Intercontinental Exchange, Inc. will post 5.96 earnings per share for the current year.

About Intercontinental Exchange

(Free Report)

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.

See Also

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.