Benjamin Edwards Inc. Sells 110 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Benjamin Edwards Inc. reduced its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,872 shares of the financial services provider’s stock after selling 110 shares during the quarter. Benjamin Edwards Inc.’s holdings in Intercontinental Exchange were worth $393,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its holdings in Intercontinental Exchange by 139.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,634 shares of the financial services provider’s stock valued at $497,000 after buying an additional 2,117 shares during the period. Ieq Capital LLC raised its stake in shares of Intercontinental Exchange by 9.2% in the second quarter. Ieq Capital LLC now owns 26,919 shares of the financial services provider’s stock valued at $3,685,000 after acquiring an additional 2,265 shares during the period. Intech Investment Management LLC boosted its stake in shares of Intercontinental Exchange by 1.2% during the 2nd quarter. Intech Investment Management LLC now owns 15,527 shares of the financial services provider’s stock worth $2,125,000 after purchasing an additional 189 shares during the period. XTX Topco Ltd grew its holdings in Intercontinental Exchange by 351.8% during the 2nd quarter. XTX Topco Ltd now owns 12,126 shares of the financial services provider’s stock valued at $1,660,000 after purchasing an additional 9,442 shares during the last quarter. Finally, First Washington CORP raised its position in Intercontinental Exchange by 12.7% in the 2nd quarter. First Washington CORP now owns 34,202 shares of the financial services provider’s stock worth $4,682,000 after purchasing an additional 3,854 shares during the period. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Up 0.6 %

Shares of NYSE ICE opened at $159.82 on Friday. Intercontinental Exchange, Inc. has a 12-month low of $104.49 and a 12-month high of $163.71. The stock’s fifty day simple moving average is $155.82 and its two-hundred day simple moving average is $142.75. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $91.67 billion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly 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 return on equity of 12.70% and a net margin of 21.43%. The firm’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 EPS. As a group, analysts expect that Intercontinental Exchange, Inc. will post 6.04 EPS for the current fiscal year.

Insider Buying and Selling

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total transaction of $259,380.68. Following the completion of the transaction, the general counsel now owns 46,815 shares in the company, valued at approximately $6,397,737.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Intercontinental Exchange news, 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 $6,397,737.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher Scott Edmonds sold 1,000 shares of Intercontinental Exchange stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total value of $148,600.00. Following the completion of the transaction, the insider now owns 14,636 shares of the company’s stock, valued at approximately $2,174,909.60. The disclosure for this sale can be found here. Insiders sold a total of 68,166 shares of company stock valued at $9,768,190 over the last 90 days. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

ICE has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Intercontinental Exchange from $151.00 to $171.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Citigroup upped their price objective on Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft lifted their target price on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. StockNews.com cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.