Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Liberty Capital Management Inc.

Liberty Capital Management Inc. lowered its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 0.5% during the third quarter, HoldingsChannel.com reports. The firm owned 14,930 shares of the financial services provider’s stock after selling 69 shares during the period. Liberty Capital Management Inc.’s holdings in Intercontinental Exchange were worth $2,398,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ICE. Private Advisor Group LLC lifted its position in shares of Intercontinental Exchange by 4.2% during the 3rd quarter. Private Advisor Group LLC now owns 30,616 shares of the financial services provider’s stock valued at $4,918,000 after buying an additional 1,235 shares in the last quarter. Segment Wealth Management LLC lifted its holdings in Intercontinental Exchange by 0.9% during the third quarter. Segment Wealth Management LLC now owns 49,475 shares of the financial services provider’s stock valued at $7,948,000 after purchasing an additional 432 shares in the last quarter. Pictet North America Advisors SA lifted its holdings in Intercontinental Exchange by 14.1% during the third quarter. Pictet North America Advisors SA now owns 7,313 shares of the financial services provider’s stock valued at $1,175,000 after purchasing an additional 902 shares in the last quarter. Eastern Bank grew its position in shares of Intercontinental Exchange by 5,659.0% in the third quarter. Eastern Bank now owns 89,610 shares of the financial services provider’s stock valued at $14,395,000 after purchasing an additional 88,054 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Intercontinental Exchange by 3.7% during the third quarter. Signaturefd LLC now owns 8,876 shares of the financial services provider’s stock worth $1,426,000 after purchasing an additional 316 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. StockNews.com cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Monday. TD Cowen assumed coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They set a “buy” rating and a $182.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Friday, October 4th. Citigroup lifted their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $168.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average price target of $172.80.

Intercontinental Exchange Price Performance

ICE stock opened at $165.94 on Wednesday. Intercontinental Exchange, Inc. has a 52-week low of $104.49 and a 52-week high of $167.23. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The stock has a market cap of $95.18 billion, a price-to-earnings ratio of 38.06, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08. The business has a fifty day moving average of $161.03 and a two-hundred day moving average of $146.73.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The company’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period last year, the company earned $1.43 EPS. As a group, research analysts anticipate that Intercontinental Exchange, Inc. will post 6.08 earnings per share for the current year.

Insider Buying and Selling at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the transaction, the general counsel now owns 44,865 shares of the company’s stock, valued at approximately $7,159,108.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Intercontinental Exchange news, Director Judith A. Sprieser sold 1,941 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $160.69, for a total transaction of $311,899.29. Following the sale, the director now directly owns 26,908 shares in the company, valued at $4,323,846.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the transaction, the general counsel now owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,532 shares of company stock worth $1,358,709 over the last three months. Insiders own 1.10% of the company’s stock.

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.