Chicago Capital LLC boosted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE – Free Report) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 562,678 shares of the financial services provider’s stock after buying an additional 787 shares during the period. Intercontinental Exchange makes up about 2.3% of Chicago Capital LLC’s investment portfolio, making the stock its 11th largest holding. Chicago Capital LLC’s holdings in Intercontinental Exchange were worth $77,025,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in ICE. Gilbert & Cook Inc. grew its holdings in shares of Intercontinental Exchange by 5.5% during the fourth quarter. Gilbert & Cook Inc. now owns 3,636 shares of the financial services provider’s stock valued at $467,000 after buying an additional 188 shares during the last quarter. Fisher Asset Management LLC bought a new stake in shares of Intercontinental Exchange in the 4th quarter worth $320,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Intercontinental Exchange by 128.3% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,628 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 915 shares during the last quarter. 9258 Wealth Management LLC raised its stake in shares of Intercontinental Exchange by 29.9% in the fourth quarter. 9258 Wealth Management LLC now owns 7,607 shares of the financial services provider’s stock worth $977,000 after purchasing an additional 1,752 shares during the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of Intercontinental Exchange during the fourth quarter valued at $222,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.
Insider Buying and Selling at Intercontinental Exchange
In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $148.60, for a total transaction of $148,600.00. Following the completion of the transaction, the insider now owns 14,636 shares in the company, valued at $2,174,909.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Christopher Scott Edmonds sold 1,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total transaction of $148,600.00. Following the completion of the sale, the insider now directly owns 14,636 shares of the company’s stock, valued at $2,174,909.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total transaction of $259,380.68. Following the sale, the general counsel now owns 46,815 shares of the company’s stock, valued at approximately $6,397,737.90. The disclosure for this sale can be found here. Insiders have sold 66,346 shares of company stock worth $9,472,911 over the last quarter. Insiders own 1.10% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on Intercontinental Exchange
Intercontinental Exchange Stock Performance
NYSE:ICE traded down $2.11 during mid-day trading on Friday, hitting $160.49. 2,902,217 shares of the company traded hands, compared to its average volume of 2,452,683. The stock’s fifty day moving average price is $152.10 and its 200-day moving average price is $141.16. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. Intercontinental Exchange, Inc. has a one year low of $104.49 and a one year high of $163.71. The firm has a market cap of $92.05 billion, a price-to-earnings ratio of 36.81, a price-to-earnings-growth ratio of 2.84 and a beta of 1.08.
Intercontinental Exchange (NYSE:ICE – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period last year, the company earned $1.43 EPS. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. Research analysts anticipate that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current fiscal year.
About Intercontinental Exchange
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.
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