Stonebrook Private Inc. Increases Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Stonebrook Private Inc. boosted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 23.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,345 shares of the financial services provider’s stock after buying an additional 1,416 shares during the period. Stonebrook Private Inc.’s holdings in Intercontinental Exchange were worth $1,005,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Scarborough Advisors LLC purchased a new position in shares of Intercontinental Exchange during the 4th quarter worth about $25,000. Annapolis Financial Services LLC raised its holdings in shares of Intercontinental Exchange by 1,018.8% in the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after buying an additional 163 shares during the period. New Millennium Group LLC bought a new stake in shares of Intercontinental Exchange during the 2nd quarter worth approximately $25,000. International Assets Investment Management LLC bought a new position in Intercontinental Exchange in the 2nd quarter valued at $25,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in Intercontinental Exchange in the first quarter worth $26,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Stock Down 1.3 %

Intercontinental Exchange stock traded down $2.11 during midday trading on Friday, reaching $160.49. The company’s stock had a trading volume of 2,902,217 shares, compared to its average volume of 2,452,683. Intercontinental Exchange, Inc. has a 52-week low of $104.49 and a 52-week high of $163.71. The stock has a market capitalization of $92.05 billion, a P/E ratio of 36.81, a PEG ratio of 2.84 and a beta of 1.08. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s 50-day simple moving average is $152.10 and its 200-day simple moving average is $141.16.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. Intercontinental Exchange’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period last year, the business earned $1.43 EPS. On average, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.04 EPS for the current year.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,389 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $141.68, for a total value of $8,272,553.52. Following the sale, the chief executive officer now directly owns 1,179,993 shares of the company’s stock, valued at $167,181,408.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Judith A. Sprieser sold 1,941 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $160.69, for a total transaction of $311,899.29. Following the sale, the director now owns 26,908 shares in the company, valued at $4,323,846.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jeffrey C. Sprecher sold 58,389 shares of the stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $141.68, for a total transaction of $8,272,553.52. Following the sale, the chief executive officer now directly owns 1,179,993 shares in the company, valued at $167,181,408.24. 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 90 days. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ICE has been the topic of a number of research analyst reports. Barclays upped their price target on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. StockNews.com cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Friday. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and lifted their target price for the company from $143.00 to $167.00 in a research report on Monday, July 1st. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $154.93.

Intercontinental Exchange Profile

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.