Catalina Capital Group LLC Has $246,000 Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Catalina Capital Group LLC boosted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 11.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,797 shares of the financial services provider’s stock after buying an additional 180 shares during the period. Catalina Capital Group LLC’s holdings in Intercontinental Exchange were worth $246,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ICE. International Assets Investment Management LLC acquired a new position in Intercontinental Exchange in the fourth quarter valued at $6,334,000. CWM LLC raised its holdings in shares of Intercontinental Exchange by 2.5% during the fourth quarter. CWM LLC now owns 12,240 shares of the financial services provider’s stock valued at $1,572,000 after purchasing an additional 293 shares during the period. RWA Wealth Partners LLC raised its holdings in shares of Intercontinental Exchange by 106.2% during the fourth quarter. RWA Wealth Partners LLC now owns 22,928 shares of the financial services provider’s stock valued at $2,945,000 after purchasing an additional 11,809 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of Intercontinental Exchange by 30.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 19,012 shares of the financial services provider’s stock valued at $2,442,000 after purchasing an additional 4,428 shares during the period. Finally, Larson Financial Group LLC raised its holdings in shares of Intercontinental Exchange by 2,704.7% during the fourth quarter. Larson Financial Group LLC now owns 4,151 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 4,003 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Buying and Selling

In related news, insider Christopher Scott Edmonds sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total value of $148,600.00. Following the completion of the transaction, the insider now directly owns 14,636 shares of the company’s stock, valued at approximately $2,174,909.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total value of $148,600.00. Following the sale, the insider now directly owns 14,636 shares in the company, valued at approximately $2,174,909.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Judith A. Sprieser sold 2,267 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $134.57, for a total transaction of $305,070.19. Following the completion of the sale, the director now owns 28,849 shares in the company, valued at $3,882,209.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,992 shares of company stock valued at $9,197,801. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

ICE traded up $1.41 on Friday, hitting $160.01. The company’s stock had a trading volume of 2,665,237 shares, compared to its average volume of 2,468,567. The company’s 50 day simple moving average is $147.29 and its 200-day simple moving average is $139.28. The firm has a market cap of $91.78 billion, a P/E ratio of 36.70, a price-to-earnings-growth ratio of 2.68 and a beta of 1.06. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $160.25. The company has a quick ratio of 1.01, a current ratio of 0.99 and a debt-to-equity ratio of 0.69.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping the consensus estimate of $1.49 by $0.03. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. Intercontinental Exchange’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period last year, the firm earned $1.43 EPS. Analysts forecast that Intercontinental Exchange, Inc. will post 6 EPS for the current year.

Wall Street Analysts Forecast Growth

ICE has been the topic of several research reports. Argus reiterated a “buy” rating and set a $153.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, May 21st. Rosenblatt Securities restated a “buy” rating and issued a $164.00 target price on shares of Intercontinental Exchange in a report on Friday, May 3rd. Barclays upped their target price on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Citigroup upped their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Finally, The Goldman Sachs Group upgraded shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and increased their price objective for the company from $143.00 to $167.00 in a research note on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average price target of $154.93.

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.