Chicago Partners Investment Group LLC Purchases 300 Shares of Intercontinental Exchange Inc. $ICE

Chicago Partners Investment Group LLC boosted its position in Intercontinental Exchange Inc. (NYSE:ICE) by 11.3% during the second quarter, HoldingsChannel.com reports. The fund owned 2,951 shares of the financial services provider’s stock after buying an additional 300 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Intercontinental Exchange were worth $534,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ICE. Tsfg LLC increased its stake in shares of Intercontinental Exchange by 187.3% in the 1st quarter. Tsfg LLC now owns 158 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 103 shares during the last quarter. Activest Wealth Management grew its holdings in shares of Intercontinental Exchange by 4,050.0% during the 1st quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 162 shares during the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of Intercontinental Exchange during the 1st quarter valued at approximately $30,000. Hilltop National Bank bought a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at approximately $31,000. Finally, Accredited Wealth Management LLC bought a new stake in shares of Intercontinental Exchange during the 1st quarter valued at approximately $33,000. 89.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on ICE shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Exchange in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods upgraded Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. Piper Sandler boosted their price objective on Intercontinental Exchange from $180.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Raymond James Financial upgraded Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price objective on the stock in a research report on Monday, October 13th. Finally, UBS Group boosted their price target on Intercontinental Exchange from $195.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $198.60.

Intercontinental Exchange Trading Up 0.1%

NYSE ICE opened at $156.88 on Thursday. The business’s 50-day moving average price is $169.23 and its two-hundred day moving average price is $173.34. Intercontinental Exchange Inc. has a 12 month low of $142.29 and a 12 month high of $189.35. The firm has a market capitalization of $89.80 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 2.19 and a beta of 1.08. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, July 31st. The financial services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.77 by $0.04. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the business posted $1.52 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. On average, analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Insider Buying and Selling

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,900 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $174.51, for a total transaction of $506,079.00. Following the sale, the director owned 18,169 shares of the company’s stock, valued at approximately $3,170,672.19. This represents a 13.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Douglas Foley sold 1,600 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $175.62, for a total transaction of $280,992.00. Following the sale, the senior vice president directly owned 25,796 shares in the company, valued at $4,530,293.52. This trade represents a 5.84% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 240,956 shares of company stock worth $43,789,542. Corporate insiders own 1.00% of the company’s stock.

Intercontinental Exchange Company 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.