Mercer Global Advisors Inc. ADV Increases Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Mercer Global Advisors Inc. ADV raised its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 37.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,728 shares of the financial services provider’s stock after purchasing an additional 8,714 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Intercontinental Exchange were worth $4,348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ICE. American National Bank lifted its position in shares of Intercontinental Exchange by 13.8% during the 2nd quarter. American National Bank now owns 569 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 69 shares during the period. Catalyst Financial Partners LLC lifted its position in shares of Intercontinental Exchange by 3.4% during the 2nd quarter. Catalyst Financial Partners LLC now owns 2,223 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 73 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Intercontinental Exchange by 1.8% during 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 acquiring an additional 74 shares during the period. Founders Financial Securities LLC lifted its position in shares of Intercontinental Exchange by 4.8% during the 2nd quarter. Founders Financial Securities LLC now owns 1,600 shares of the financial services provider’s stock valued at $219,000 after acquiring an additional 74 shares during the period. Finally, Pettyjohn Wood & White Inc. lifted its position in shares of Intercontinental Exchange by 0.5% during 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 acquiring an additional 75 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ICE. Barclays lifted their price target on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Citigroup lifted their price objective on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Intercontinental Exchange from $151.00 to $171.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus target price of $158.08.

Insider Activity

In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total transaction of $259,380.68. Following the sale, the general counsel now owns 46,815 shares in the company, valued at $6,397,737.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Warren Gardiner sold 750 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $161.43, for a total transaction of $121,072.50. Following the sale, the chief financial officer now owns 16,576 shares in the company, valued at approximately $2,675,863.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,166 shares of company stock worth $9,768,190. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Stock Up 0.6 %

Shares of Intercontinental Exchange stock opened at $159.84 on Friday. The company has a fifty day moving average price of $155.82 and a 200 day moving average price of $142.77. 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 twelve month low of $104.49 and a twelve month high of $163.71. The stock has a market cap of $91.68 billion, a price-to-earnings 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 data 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. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the previous year, the business posted $1.43 EPS. The firm’s revenue was up 22.7% compared to the same quarter last year. Equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current fiscal year.

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.