3,557 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Bought by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. purchased a new position in Intercontinental Exchange, Inc. (NYSE:ICE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,557 shares of the financial services provider’s stock, valued at approximately $487,000.

Several other institutional investors have also recently made changes to their positions in the stock. Annapolis Financial Services LLC increased 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 worth $25,000 after acquiring an additional 163 shares in the last quarter. New Millennium Group LLC purchased a new stake in shares of Intercontinental Exchange in the second quarter worth $25,000. International Assets Investment Management LLC bought a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at $25,000. Redmont Wealth Advisors LLC purchased a new position in shares of Intercontinental Exchange during the 1st quarter valued at $26,000. Finally, Scarborough Advisors LLC bought a new position in Intercontinental Exchange in the 4th quarter worth $25,000. Institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ICE. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and raised their price target for the company from $143.00 to $167.00 in a report on Monday, July 1st. Citigroup boosted their price target on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Barclays upped their price target on Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of 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 issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.08.

Insider Activity

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 602 shares of Intercontinental Exchange stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the transaction, the insider now directly owns 14,034 shares of the company’s stock, valued at $2,284,875.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CTO Mayur Kapani sold 395 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $141.13, for a total value of $55,746.35. Following the sale, the chief technology officer now directly owns 64,471 shares in the company, valued at $9,098,792.23. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Christopher Scott Edmonds sold 602 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $98,011.62. Following the transaction, the insider now owns 14,034 shares of the company’s stock, valued at approximately $2,284,875.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,166 shares of company stock valued at $9,768,190. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE opened at $159.84 on Monday. The firm has a fifty day simple moving average of $155.82 and a two-hundred day simple moving average of $142.80. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $163.71. 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 stock has a market capitalization of $91.68 billion, a P/E ratio of 36.66, a PEG ratio of 2.81 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping the consensus estimate of $1.49 by $0.03. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $1.43 earnings per share. On average, analysts expect that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current fiscal year.

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.