Transatlantique Private Wealth LLC Purchases 382 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Transatlantique Private Wealth LLC lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,028 shares of the financial services provider’s stock after purchasing an additional 382 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Intercontinental Exchange were worth $945,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Annapolis Financial Services LLC lifted its holdings in Intercontinental Exchange by 1,018.8% during 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 during the 2nd quarter worth approximately $25,000. International Assets Investment Management LLC bought a new stake in Intercontinental Exchange during the 2nd quarter worth approximately $25,000. Redmont Wealth Advisors LLC acquired a new stake in Intercontinental Exchange during the 1st quarter worth approximately $26,000. Finally, Scarborough Advisors LLC bought a new position in Intercontinental Exchange in the fourth quarter valued at approximately $25,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

NYSE:ICE opened at $159.82 on Friday. The stock has a market capitalization of $91.67 billion, a PE ratio of 36.66, a P/E/G ratio of 2.81 and a beta of 1.08. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $163.71. The firm has a fifty day simple moving average of $155.82 and a 200 day simple moving average of $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.

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

Analysts Set New Price Targets

A number of brokerages recently commented on ICE. Keefe, Bruyette & Woods restated an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Citigroup lifted their price target on Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $143.00 to $167.00 in a research report on Monday, July 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Finally, Barclays boosted their target price on Intercontinental Exchange from $159.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $158.08.

Insiders Place Their Bets

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

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.