Victory Capital Management Inc. Acquires 15,642 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Victory Capital Management Inc. grew its position in shares of Intercontinental Exchange, Inc. (NYSE:ICEGet Rating) by 7.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 230,361 shares of the financial services provider’s stock after buying an additional 15,642 shares during the quarter. Victory Capital Management Inc.’s holdings in Intercontinental Exchange were worth $26,678,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Pictet & Cie Europe SA grew its stake in Intercontinental Exchange by 0.6% during the first quarter. Pictet & Cie Europe SA now owns 46,276 shares of the financial services provider’s stock worth $6,114,000 after buying an additional 295 shares during the last quarter. Leuthold Group LLC grew its stake in Intercontinental Exchange by 0.3% during the first quarter. Leuthold Group LLC now owns 31,367 shares of the financial services provider’s stock worth $4,144,000 after buying an additional 92 shares during the last quarter. Souders Financial Advisors grew its stake in Intercontinental Exchange by 63.6% during the first quarter. Souders Financial Advisors now owns 10,017 shares of the financial services provider’s stock worth $1,323,000 after buying an additional 3,895 shares during the last quarter. Benjamin Edwards Inc. grew its stake in Intercontinental Exchange by 5.6% during the first quarter. Benjamin Edwards Inc. now owns 1,703 shares of the financial services provider’s stock worth $225,000 after buying an additional 90 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Intercontinental Exchange by 280.5% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 312 shares of the financial services provider’s stock worth $41,000 after buying an additional 230 shares during the last quarter. 87.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ICE shares. Jefferies Financial Group decreased their price target on shares of Intercontinental Exchange from $161.00 to $134.00 in a research note on Friday, May 20th. Citigroup decreased their price target on shares of Intercontinental Exchange from $160.00 to $152.00 in a research note on Wednesday, April 13th. Keefe, Bruyette & Woods cut shares of Intercontinental Exchange from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $83.00 to $80.00 in a research note on Monday, May 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Intercontinental Exchange from $117.00 to $114.00 in a research note on Wednesday, July 13th. Finally, StockNews.com cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus target price of $135.00.

Insider Transactions at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 492 shares of the stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $93.61, for a total transaction of $46,056.12. Following the completion of the sale, the insider now owns 14,119 shares of the company’s stock, valued at $1,321,679.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Christopher Scott Edmonds sold 492 shares of the firm’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $93.61, for a total value of $46,056.12. Following the completion of the transaction, the insider now owns 14,119 shares of the company’s stock, valued at $1,321,679.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Douglas Foley sold 1,600 shares of the firm’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $99.08, for a total transaction of $158,528.00. Following the completion of the transaction, the senior vice president now directly owns 24,002 shares of the company’s stock, valued at approximately $2,378,118.16. The disclosure for this sale can be found here. Insiders sold 86,296 shares of company stock valued at $8,537,490 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

Intercontinental Exchange Trading Up 2.3 %

ICE opened at $103.02 on Thursday. The firm’s fifty day moving average is $97.65 and its two-hundred day moving average is $113.61. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $57.51 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 2.57 and a beta of 0.90. Intercontinental Exchange, Inc. has a twelve month low of $90.05 and a twelve month high of $139.79.

Intercontinental Exchange (NYSE:ICEGet Rating) last posted its earnings results on Thursday, May 5th. The financial services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.01. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.90 billion. Intercontinental Exchange had a net margin of 44.24% and a return on equity of 13.41%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $1.34 earnings per share. Equities research analysts anticipate that Intercontinental Exchange, Inc. will post 5.36 EPS for the current year.

Intercontinental Exchange Profile

(Get Rating)

Intercontinental Exchange, Inc, together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.

Further Reading

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

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