Intercontinental Exchange, Inc. (NYSE:ICE) Stock Position Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 3.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,334 shares of the financial services provider’s stock after selling 2,742 shares during the period. Mutual of America Capital Management LLC’s holdings in Intercontinental Exchange were worth $9,902,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC bought a new stake in Intercontinental Exchange in the fourth quarter worth approximately $25,000. Annapolis Financial Services LLC grew its position in 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 acquiring an additional 163 shares in the last quarter. New Millennium Group LLC bought a new stake in Intercontinental Exchange in the second quarter worth approximately $25,000. International Assets Investment Management LLC bought a new stake in Intercontinental Exchange in the second quarter worth approximately $25,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Intercontinental Exchange in the first quarter worth $26,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,389 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 1,179,993 shares in the company, valued at approximately $167,181,408.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO James W. Namkung sold 1,043 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total transaction of $156,450.00. Following the completion of the sale, the chief accounting officer now owns 17,836 shares in the company, valued at approximately $2,675,400. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey C. Sprecher sold 58,389 shares of Intercontinental Exchange stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 1,179,993 shares in the company, valued at approximately $167,181,408.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,096 shares of company stock worth $9,593,983. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on ICE shares. Citigroup boosted their price objective on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, September 6th. The Goldman Sachs Group raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and increased their price target for the company from $143.00 to $167.00 in a report on Monday, July 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Finally, Barclays increased their price target on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.36.

Intercontinental Exchange Trading Down 1.0 %

Shares of Intercontinental Exchange stock opened at $161.22 on Thursday. The stock has a market capitalization of $92.47 billion, a P/E ratio of 36.98, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The company has a 50-day simple moving average of $155.36 and a 200 day simple moving average of $142.49. Intercontinental Exchange, Inc. has a 12-month low of $104.49 and a 12-month high of $163.71.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The business 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%. The firm’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter last year, the company posted $1.43 EPS. Research analysts expect 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.