Thurston Springer Miller Herd & Titak Inc. Has $2.91 Million Stock Holdings in Intercontinental Exchange Inc. $ICE

Thurston Springer Miller Herd & Titak Inc. raised its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 15.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,883 shares of the financial services provider’s stock after buying an additional 2,102 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Intercontinental Exchange were worth $2,914,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. RB Capital Management LLC increased its stake in Intercontinental Exchange by 1.3% in the 2nd quarter. RB Capital Management LLC now owns 4,584 shares of the financial services provider’s stock valued at $841,000 after buying an additional 59 shares during the period. Fielder Capital Group LLC grew its position in Intercontinental Exchange by 2.2% in the first quarter. Fielder Capital Group LLC now owns 2,808 shares of the financial services provider’s stock worth $484,000 after acquiring an additional 61 shares in the last quarter. E Fund Management Co. Ltd. grew its position in Intercontinental Exchange by 4.2% in the first quarter. E Fund Management Co. Ltd. now owns 1,500 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 61 shares in the last quarter. Berkeley Capital Partners LLC boosted its holdings in shares of Intercontinental Exchange by 1.1% during the 1st quarter. Berkeley Capital Partners LLC now owns 5,639 shares of the financial services provider’s stock worth $973,000 after buying an additional 62 shares during the period. Finally, GPS Wealth Strategies Group LLC boosted its holdings in shares of Intercontinental Exchange by 17.2% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 430 shares of the financial services provider’s stock worth $74,000 after buying an additional 63 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Piper Sandler upped their price objective on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Finally, Barclays upped their price objective on shares of Intercontinental Exchange from $206.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $194.92.

Insider Activity at Intercontinental Exchange

In other news, CEO Jeffrey C. Sprecher sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $183.09, for a total transaction of $27,463,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,951,705 shares of the company’s stock, valued at approximately $357,337,668.45. This trade represents a 7.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Judith A. Sprieser sold 2,900 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $174.51, for a total transaction of $506,079.00. Following the transaction, the director directly owned 18,169 shares of the company’s stock, valued at $3,170,672.19. The trade was a 13.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 230,730 shares of company stock worth $42,171,892 in the last ninety days. Company insiders own 1.00% of the company’s stock.

Intercontinental Exchange Price Performance

NYSE:ICE opened at $174.02 on Friday. The stock has a market cap of $99.61 billion, a P/E ratio of 33.40, a PEG ratio of 2.10 and a beta of 1.10. Intercontinental Exchange Inc. has a one year low of $142.29 and a one year high of $189.35. The company has a fifty day moving average price of $180.62 and a 200 day moving average price of $174.99. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.04. The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $2.50 billion. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $1.52 EPS. Analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

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.