Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. cut its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 50.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 197 shares of the financial services provider’s stock after selling 199 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Intercontinental Exchange were worth $27,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ICE. Wellington Management Group LLP lifted its holdings in Intercontinental Exchange by 35.0% in the fourth quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock valued at $2,105,994,000 after acquiring an additional 4,251,371 shares during the period. Vanguard Group Inc. lifted its holdings in Intercontinental Exchange by 7.5% in the first quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider’s stock valued at $6,978,218,000 after acquiring an additional 3,536,913 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Intercontinental Exchange by 303.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,381,314 shares of the financial services provider’s stock valued at $305,832,000 after acquiring an additional 1,790,493 shares during the period. CCLA Investment Management lifted its holdings in Intercontinental Exchange by 91,838.2% in the first quarter. CCLA Investment Management now owns 1,114,291 shares of the financial services provider’s stock valued at $152,923,000 after acquiring an additional 1,113,079 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new position in Intercontinental Exchange in the second quarter valued at approximately $124,508,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ICE has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Friday. TD Cowen began coverage on Intercontinental Exchange in a research note on Thursday, September 26th. They issued a “buy” rating and a $182.00 price objective for the company. The Goldman Sachs Group raised their price objective on Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a report on Thursday. Barclays upped their target price 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. Finally, Raymond James increased their price objective on shares of Intercontinental Exchange from $174.00 to $185.00 and gave the company a “strong-buy” rating in a report on Friday. Three 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $167.80.

Insider Buying and Selling

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 1,000 shares of the company’s stock in a transaction 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Christopher Scott Edmonds sold 1,000 shares of the firm’s stock in a transaction 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 completion of 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey C. Sprecher sold 58,389 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $141.68, for a total value of $8,272,553.52. Following the transaction, the chief executive officer now owns 1,179,993 shares of the company’s stock, valued at approximately $167,181,408.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,316 shares of company stock valued at $9,835,609. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Price Performance

NYSE:ICE opened at $162.74 on Friday. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $164.18. The stock’s fifty day moving average is $158.16 and its two-hundred day moving average is $144.36. The company has a market capitalization of $93.35 billion, a P/E ratio of 37.33, a P/E/G ratio of 2.81 and a beta of 1.08. 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 posted its earnings results 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. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. Intercontinental Exchange’s revenue for the quarter was up 22.7% compared to the same quarter last year. Equities analysts expect that Intercontinental Exchange, Inc. will post 6.04 EPS for the current 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.