Thrivent Financial for Lutherans Buys 109,795 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Thrivent Financial for Lutherans lifted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 7.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,638,287 shares of the financial services provider’s stock after purchasing an additional 109,795 shares during the quarter. Intercontinental Exchange comprises 0.5% of Thrivent Financial for Lutherans’ investment portfolio, making the stock its 26th biggest holding. Thrivent Financial for Lutherans owned about 0.29% of Intercontinental Exchange worth $224,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in ICE. American National Bank boosted its holdings in Intercontinental Exchange by 13.8% in the 2nd quarter. American National Bank now owns 569 shares of the financial services provider’s stock worth $78,000 after buying an additional 69 shares during the period. Catalyst Financial Partners LLC boosted its holdings in Intercontinental Exchange by 3.4% in the 2nd quarter. Catalyst Financial Partners LLC now owns 2,223 shares of the financial services provider’s stock worth $304,000 after buying an additional 73 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in Intercontinental Exchange by 1.8% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 4,083 shares of the financial services provider’s stock valued at $559,000 after purchasing an additional 74 shares during the period. Founders Financial Securities LLC boosted its holdings in Intercontinental Exchange by 4.8% in the 2nd quarter. Founders Financial Securities LLC now owns 1,600 shares of the financial services provider’s stock valued at $219,000 after purchasing an additional 74 shares during the period. Finally, Pettyjohn Wood & White Inc. boosted its holdings in Intercontinental Exchange by 0.5% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 15,813 shares of the financial services provider’s stock valued at $2,031,000 after purchasing an additional 75 shares during the period. Institutional investors own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup raised their price target on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. The Goldman Sachs Group raised shares of 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. Barclays raised their price target on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, two have issued 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.08.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $159.82 on Friday. The stock has a market cap of $91.67 billion, a PE ratio of 36.66, a PEG ratio of 2.81 and a beta of 1.08. The company’s fifty day moving average is $155.82 and its 200 day moving average is $142.75. 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.

Intercontinental Exchange (NYSE:ICE) last issued its 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 for the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The firm’s revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. Research analysts anticipate that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current year.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 1,000 shares of the business’s 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 transaction, the insider now owns 14,636 shares in the company, valued at $2,174,909.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Intercontinental Exchange news, CFO Warren Gardiner sold 750 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $161.43, for a total value of $121,072.50. Following the transaction, the chief financial officer now owns 16,576 shares in the company, valued at $2,675,863.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Scott Edmonds sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total transaction of $148,600.00. Following the completion of the transaction, the insider now owns 14,636 shares in the company, valued at approximately $2,174,909.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,166 shares of company stock worth $9,768,190. 1.10% of the stock is currently owned by company insiders.

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.