19,911 Shares in Intercontinental Exchange Inc. $ICE Acquired by Oak Thistle LLC

Oak Thistle LLC bought a new position in shares of Intercontinental Exchange Inc. (NYSE:ICE) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 19,911 shares of the financial services provider’s stock, valued at approximately $2,451,000.

Several other large investors have also modified their holdings of ICE. Webster Bank N. A. grew its holdings in shares of Intercontinental Exchange by 8.6% during the 2nd quarter. Webster Bank N. A. now owns 25,318 shares of the financial services provider’s stock worth $3,117,000 after purchasing an additional 1,996 shares during the period. Altrafin AG increased its position in shares of Intercontinental Exchange by 5.5% during the 2nd quarter. Altrafin AG now owns 63,098 shares of the financial services provider’s stock worth $7,768,000 after purchasing an additional 3,270 shares during the last quarter. Merit Financial Group LLC raised its holdings in Intercontinental Exchange by 2.0% in the 2nd quarter. Merit Financial Group LLC now owns 14,916 shares of the financial services provider’s stock valued at $1,836,000 after buying an additional 290 shares during the period. PFS Partners LLC raised its holdings in Intercontinental Exchange by 154.5% in the 2nd quarter. PFS Partners LLC now owns 1,018 shares of the financial services provider’s stock valued at $125,000 after buying an additional 618 shares during the period. Finally, Koa Wealth Management LLC lifted its position in Intercontinental Exchange by 3.0% in the second quarter. Koa Wealth Management LLC now owns 14,853 shares of the financial services provider’s stock valued at $1,829,000 after buying an additional 434 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insiders Place Their Bets

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 4,573 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $151.56, for a total transaction of $693,083.88. Following the sale, the general counsel directly owned 45,473 shares in the company, valued at $6,891,887.88. This represents a 9.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Warren Gardiner sold 2,490 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $156.64, for a total transaction of $390,033.60. Following the sale, the chief financial officer owned 25,189 shares in the company, valued at approximately $3,945,604.96. This trade represents a 9.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 16,454 shares of company stock valued at $2,469,349. 0.84% of the stock is owned by company insiders.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $151.33 on Thursday. The business has a 50-day moving average of $140.05 and a 200 day moving average of $152.37. Intercontinental Exchange Inc. has a 12 month low of $121.79 and a 12 month high of $183.65. The stock has a market capitalization of $84.96 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 1.49 and a beta of 0.92. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.06. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.Intercontinental Exchange’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.81 EPS. As a group, sell-side analysts forecast that Intercontinental Exchange Inc. will post 8.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ICE. UBS Group reaffirmed a “buy” rating and set a $195.00 target price (up from $190.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Weiss Ratings downgraded shares of Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. TD Cowen restated a “buy” rating and issued a $177.00 price objective (up from $159.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Raymond James Financial set a $208.00 price objective on shares of Intercontinental Exchange in a research report on Monday, July 6th. Finally, The Goldman Sachs Group dropped their target price on shares of Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $183.33.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.