Commons Capital LLC Sells 130 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Commons Capital LLC reduced its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,868 shares of the financial services provider’s stock after selling 130 shares during the quarter. Intercontinental Exchange comprises about 1.0% of Commons Capital LLC’s portfolio, making the stock its 24th largest position. Commons Capital LLC’s holdings in Intercontinental Exchange were worth $803,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in Intercontinental Exchange in the fourth quarter valued at approximately $6,334,000. Gilbert & Cook Inc. increased its stake in shares of Intercontinental Exchange by 5.5% in the 4th quarter. Gilbert & Cook Inc. now owns 3,636 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 188 shares during the last quarter. Fisher Asset Management LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth $320,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Intercontinental Exchange by 128.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,628 shares of the financial services provider’s stock worth $209,000 after buying an additional 915 shares in the last quarter. Finally, 9258 Wealth Management LLC lifted its position in shares of Intercontinental Exchange by 29.9% during the 4th quarter. 9258 Wealth Management LLC now owns 7,607 shares of the financial services provider’s stock worth $977,000 after buying an additional 1,752 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on ICE. Deutsche Bank Aktiengesellschaft boosted their target price on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $168.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. Barclays boosted their target price on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th. Finally, Citigroup increased their target price on Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $154.93.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $162.43 on Thursday. Intercontinental Exchange, Inc. has a twelve month low of $104.49 and a twelve month high of $162.76. 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 firm has a market capitalization of $93.17 billion, a P/E ratio of 37.25, a P/E/G ratio of 2.84 and a beta of 1.08. The company has a fifty day moving average of $151.12 and a 200-day moving average of $140.84.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period last year, the business posted $1.43 EPS. The firm’s revenue for the quarter was up 22.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.04 EPS for the current year.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, CTO Mayur Kapani sold 395 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $141.13, for a total transaction of $55,746.35. Following the transaction, the chief technology officer now owns 64,471 shares in the company, valued at $9,098,792.23. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Intercontinental Exchange news, CTO Mayur Kapani sold 395 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $141.13, for a total transaction of $55,746.35. Following the transaction, the chief technology officer now owns 64,471 shares in the company, valued at $9,098,792.23. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 1,898 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total transaction of $259,380.68. Following the transaction, the general counsel now owns 46,815 shares in the company, valued at approximately $6,397,737.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,346 shares of company stock valued at $9,472,911. 1.10% of the stock is owned by company insiders.

About Intercontinental Exchange

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.