Green Square Capital LLC lessened its holdings in Intercontinental Exchange Inc (NYSE:ICE) by 42.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,219 shares of the financial services provider’s stock after selling 6,033 shares during the quarter. Green Square Capital LLC’s holdings in Intercontinental Exchange were worth $565,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. IHT Wealth Management LLC increased its holdings in Intercontinental Exchange by 10.8% in the 2nd quarter. IHT Wealth Management LLC now owns 185 shares of the financial services provider’s stock valued at $101,000 after buying an additional 18 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings in Intercontinental Exchange by 0.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 8,483 shares of the financial services provider’s stock valued at $559,000 after buying an additional 29 shares during the period. Thompson Davis & CO. Inc. increased its holdings in Intercontinental Exchange by 2.2% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,517 shares of the financial services provider’s stock valued at $100,000 after buying an additional 32 shares during the period. Aspen Investment Management Inc increased its holdings in Intercontinental Exchange by 0.6% in the 2nd quarter. Aspen Investment Management Inc now owns 8,820 shares of the financial services provider’s stock valued at $581,000 after buying an additional 50 shares during the period. Finally, Jump Trading LLC boosted its stake in shares of Intercontinental Exchange by 0.4% in the 2nd quarter. Jump Trading LLC now owns 15,248 shares of the financial services provider’s stock valued at $1,005,000 after purchasing an additional 68 shares in the last quarter. 90.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Intercontinental Exchange Inc (NYSE:ICE) traded up $0.39 during trading hours on Wednesday, reaching $71.20. The company’s stock had a trading volume of 2,129,200 shares, compared to its average volume of 2,664,508. The company has a market cap of $41,425.70, a PE ratio of 24.25, a P/E/G ratio of 2.62 and a beta of 0.73. Intercontinental Exchange Inc has a 12-month low of $55.79 and a 12-month high of $72.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Intercontinental Exchange had a return on equity of 11.01% and a net margin of 27.91%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 EPS. sell-side analysts expect that Intercontinental Exchange Inc will post 2.95 EPS for the current fiscal year.

Intercontinental Exchange announced that its Board of Directors has approved a share repurchase plan on Thursday, November 2nd that authorizes the company to repurchase $1.20 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Several equities research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Intercontinental Exchange from $65.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, October 5th. Zacks Investment Research upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Barclays boosted their target price on shares of Intercontinental Exchange from $72.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, October 10th. Royal Bank of Canada boosted their target price on shares of Intercontinental Exchange from $70.00 to $76.00 and gave the company an “outperform” rating in a research note on Monday, October 16th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $73.00 target price on shares of Intercontinental Exchange in a research note on Sunday, October 8th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $73.30.

In other news, CFO Scott A. Hill sold 37,630 shares of the company’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $70.03, for a total value of $2,635,228.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Charles A. Vice sold 7,500 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $71.93, for a total value of $539,475.00. Following the completion of the sale, the insider now directly owns 377,471 shares of the company’s stock, valued at $27,151,489.03. The disclosure for this sale can be found here. Insiders have sold a total of 78,130 shares of company stock valued at $5,468,644 over the last three months. Company insiders own 1.50% of the company’s stock.

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Intercontinental Exchange Company Profile

Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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