Diversified Trust Co Acquires 3,294 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Diversified Trust Co raised its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 55.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,247 shares of the financial services provider’s stock after acquiring an additional 3,294 shares during the quarter. Diversified Trust Co’s holdings in Intercontinental Exchange were worth $1,378,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its holdings in Intercontinental Exchange by 17.0% in the 2nd quarter. Victory Capital Management Inc. now owns 251,633 shares of the financial services provider’s stock worth $34,446,000 after purchasing an additional 36,616 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Intercontinental Exchange by 11.4% in the second quarter. Private Advisor Group LLC now owns 29,381 shares of the financial services provider’s stock worth $4,022,000 after buying an additional 2,998 shares during the last quarter. Savant Capital LLC lifted its stake in shares of Intercontinental Exchange by 3.9% in the second quarter. Savant Capital LLC now owns 8,005 shares of the financial services provider’s stock worth $1,096,000 after buying an additional 302 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Intercontinental Exchange by 2,785.9% during the 2nd quarter. Acadian Asset Management LLC now owns 15,728 shares of the financial services provider’s stock worth $2,150,000 after buying an additional 15,183 shares during the period. Finally, Caprock Group LLC grew its stake in Intercontinental Exchange by 12.6% in the 2nd quarter. Caprock Group LLC now owns 7,031 shares of the financial services provider’s stock valued at $963,000 after buying an additional 786 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the transaction, the chief operating officer now owns 12,780 shares in the company, valued at approximately $1,955,212.20. The trade was a 5.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total value of $149,056.40. Following the completion of the transaction, the general counsel now directly owns 44,702 shares in the company, valued at approximately $6,977,088.16. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,533 shares of company stock valued at $1,196,279. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ICE shares. Morgan Stanley upped their price target on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft raised their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a report on Monday, November 11th. TD Cowen assumed coverage on Intercontinental Exchange in a report on Thursday, September 26th. They set a “buy” rating and a $182.00 price target for the company. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $175.07.

Intercontinental Exchange Stock Down 0.1 %

NYSE ICE opened at $146.35 on Thursday. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $167.99. The company has a market capitalization of $84.03 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 2.57 and a beta of 1.10. The stock’s 50 day moving average is $154.52 and its two-hundred day moving average is $155.21. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the firm earned $1.46 EPS. Intercontinental Exchange’s quarterly revenue was up 17.3% on a year-over-year basis. Equities analysts forecast that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Intercontinental Exchange Profile

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.