B. Riley Wealth Advisors Inc. Sells 3,027 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

B. Riley Wealth Advisors Inc. decreased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 37.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,055 shares of the financial services provider’s stock after selling 3,027 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Intercontinental Exchange were worth $692,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ICE. Campbell & CO Investment Adviser LLC raised its holdings in Intercontinental Exchange by 9.8% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 4,707 shares of the financial services provider’s stock worth $605,000 after buying an additional 421 shares during the last quarter. Cetera Advisor Networks LLC raised its holdings in shares of Intercontinental Exchange by 22.0% in the fourth quarter. Cetera Advisor Networks LLC now owns 34,151 shares of the financial services provider’s stock valued at $4,386,000 after purchasing an additional 6,164 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Intercontinental Exchange by 1,197.5% in the fourth quarter. 1832 Asset Management L.P. now owns 1,038 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 958 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Intercontinental Exchange by 7.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 970,192 shares of the financial services provider’s stock valued at $124,602,000 after purchasing an additional 71,365 shares during the last quarter. Finally, CenterBook Partners LP purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $1,596,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Raymond James increased their target price on shares of Intercontinental Exchange from $174.00 to $185.00 and gave the company a “strong-buy” rating in a report on Friday. Barclays raised their price objective on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research report on Friday. Finally, The Goldman Sachs Group increased their target price on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.80.

Insider Activity at Intercontinental Exchange

In related news, CEO Jeffrey C. Sprecher sold 58,389 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $141.68, for a total value of $8,272,553.52. Following the sale, the chief executive officer now directly owns 1,179,993 shares of the company’s stock, valued at $167,181,408.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,389 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $141.68, for a total transaction of $8,272,553.52. Following the transaction, the chief executive officer now directly owns 1,179,993 shares of the company’s stock, valued at approximately $167,181,408.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 that occurred 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 in the company, valued at $2,174,909.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 68,316 shares of company stock valued at $9,835,609 over the last three months. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange Price Performance

ICE stock opened at $162.76 on Friday. The firm has a 50 day moving average of $158.16 and a 200-day moving average of $144.42. 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, Inc. has a 12 month low of $104.49 and a 12 month high of $164.18. The firm has a market capitalization of $93.36 billion, a P/E ratio of 37.33, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 21.43% and a return on equity of 12.70%. Intercontinental Exchange’s revenue was up 22.7% compared to the same quarter last year. During the same period last year, the business earned $1.43 earnings per share. As a group, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.04 earnings per share 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.