Jefferies Financial Group Inc. Invests $1.39 Million in Intercontinental Exchange Inc. $ICE

Jefferies Financial Group Inc. bought a new position in shares of Intercontinental Exchange Inc. (NYSE:ICE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,273 shares of the financial services provider’s stock, valued at approximately $1,388,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new position in shares of Intercontinental Exchange in the 2nd quarter valued at $26,000. Brooklands Fund Management Ltd purchased a new stake in Intercontinental Exchange during the 4th quarter worth $28,000. Swiss RE Ltd. purchased a new stake in Intercontinental Exchange during the 4th quarter worth $28,000. Lloyd Advisory Services LLC. acquired a new stake in Intercontinental Exchange in the 4th quarter valued at $30,000. Finally, Gables Capital Management Inc. acquired a new stake in Intercontinental Exchange in the 2nd quarter valued at $31,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $162.46 on Friday. The firm has a market cap of $91.20 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 1.58 and a beta of 0.92. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $144.90 and its two-hundred day moving average is $151.50. Intercontinental Exchange Inc. has a 52-week low of $121.79 and a 52-week high of $177.76.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $2.63 billion. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.81 earnings per share. Analysts forecast that Intercontinental Exchange Inc. will post 8.1 EPS for the current fiscal year.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 4,574 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $161.77, for a total transaction of $739,935.98. Following the sale, the general counsel owned 43,065 shares in the company, valued at $6,966,625.05. This represents a 9.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Martha A. Tirinnanzi sold 1,340 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $161.16, for a total value of $215,954.40. Following the transaction, the director directly owned 3,747 shares in the company, valued at approximately $603,866.52. This represents a 26.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 23,141 shares of company stock valued at $3,554,192. Corporate insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ICE. Barclays restated an “overweight” rating and set a $182.00 price objective (up from $180.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Morgan Stanley dropped their target price on Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Raymond James Financial set a $208.00 price target on Intercontinental Exchange in a research report on Monday, July 6th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $178.00 price objective on shares of Intercontinental Exchange in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $183.33.

Intercontinental Exchange Company Profile

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.