ASB Consultores LLC Lowers Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

ASB Consultores LLC trimmed its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 43.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,112 shares of the financial services provider’s stock after selling 1,644 shares during the period. ASB Consultores LLC’s holdings in Intercontinental Exchange were worth $289,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ICE. Annapolis Financial Services LLC raised 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 valued at $25,000 after purchasing an additional 163 shares during the period. New Millennium Group LLC purchased a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in Intercontinental Exchange during the 2nd quarter worth about $25,000. Redmont Wealth Advisors LLC purchased a new position in Intercontinental Exchange during the 1st quarter valued at about $26,000. Finally, Scarborough Advisors LLC acquired a new position in Intercontinental Exchange in the 4th quarter valued at about $25,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO James W. Namkung sold 1,043 shares of the business’s 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 directly owns 17,836 shares of the company’s stock, valued at $2,675,400. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Christopher Scott Edmonds sold 1,000 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $148.60, for a total value of $148,600.00. Following the transaction, the insider now directly owns 14,636 shares of the company’s stock, valued at approximately $2,174,909.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO James W. Namkung sold 1,043 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total value of $156,450.00. Following the completion of the sale, the chief accounting officer now owns 17,836 shares of the company’s stock, valued at $2,675,400. The disclosure for this sale can be found here. Insiders have sold 68,166 shares of company stock valued at $9,768,190 over the last quarter. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Up 0.6 %

NYSE ICE opened at $159.82 on Friday. 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 $91.67 billion, a PE ratio of 36.66, a P/E/G ratio of 2.81 and a beta of 1.08. The firm’s fifty day moving average is $155.82 and its two-hundred day moving average is $142.75. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 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 period in the prior year, the business earned $1.43 EPS. The firm’s revenue was up 22.7% compared to the same quarter last year. Analysts expect that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on ICE. Barclays raised their price objective on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Citigroup lifted their target price on Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft upped their price target on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $168.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. Finally, The Goldman Sachs Group upgraded 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 research note on Monday, July 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.08.

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.