AE Wealth Management LLC Has $29.56 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

AE Wealth Management LLC raised its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 11.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 215,911 shares of the financial services provider’s stock after buying an additional 22,396 shares during the quarter. AE Wealth Management LLC’s holdings in Intercontinental Exchange were worth $29,556,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Annapolis Financial Services LLC grew its holdings in Intercontinental Exchange by 1,018.8% in the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after buying an additional 163 shares during the last quarter. New Millennium Group LLC acquired a new stake in Intercontinental Exchange in the 2nd quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new stake in Intercontinental Exchange in the 2nd quarter valued at approximately $25,000. Redmont Wealth Advisors LLC acquired a new stake in Intercontinental Exchange in the 1st quarter valued at approximately $26,000. Finally, Scarborough Advisors LLC acquired a new stake in Intercontinental Exchange in the 4th quarter valued at approximately $25,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

ICE has been the subject of a number of research reports. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Barclays raised their price objective on Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Citigroup raised their price objective on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. raised their price objective on Intercontinental Exchange from $151.00 to $171.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange has an average rating of “Moderate Buy” and an average target price of $158.08.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CAO James W. Namkung sold 1,043 shares of Intercontinental Exchange stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total value of $156,450.00. Following the completion of the transaction, 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 is available at the SEC website. In other Intercontinental Exchange news, CAO James W. Namkung sold 1,043 shares of Intercontinental Exchange stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total value of $156,450.00. Following the completion of the transaction, 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 is available at the SEC website. Also, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total value of $259,380.68. Following the completion of the transaction, 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. In the last quarter, insiders sold 67,096 shares of company stock worth $9,593,983. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $158.87 on Friday. The business has a 50 day simple moving average of $155.59 and a 200 day simple moving average of $142.60. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a one year low of $104.49 and a one year high of $163.71. The company has a market capitalization of $91.13 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last issued 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 firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the previous year, the company posted $1.43 EPS. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. On average, sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.04 EPS for the current fiscal year.

Intercontinental Exchange Company 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.