63,170 Shares in Intercontinental Exchange Inc. $ICE Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in Intercontinental Exchange Inc. (NYSE:ICE) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 63,170 shares of the financial services provider’s stock, valued at approximately $7,777,000.

Several other institutional investors have also recently bought and sold shares of the company. Barbara Oil Co. acquired a new stake in shares of Intercontinental Exchange in the second quarter valued at approximately $954,000. Saranac Partners Ltd acquired a new position in Intercontinental Exchange during the second quarter worth $6,609,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Intercontinental Exchange during the second quarter worth $36,782,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in Intercontinental Exchange in the second quarter valued at $595,000. Finally, Magellan Asset Management Ltd bought a new position in Intercontinental Exchange in the second quarter valued at $49,305,000. Institutional investors own 89.30% of the company’s stock.

Insiders Place Their Bets

In related news, CTO Mayur Kapani sold 4,271 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $151.20, for a total value of $645,775.20. Following the sale, the chief technology officer owned 67,988 shares in the company, valued at approximately $10,279,785.60. This represents a 5.91% 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, SVP Douglas Foley sold 7,300 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $148.88, for a total transaction of $1,086,824.00. Following the completion of the transaction, the senior vice president directly owned 19,063 shares in the company, valued at $2,838,099.44. The trade was a 27.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 17,227 shares of company stock worth $2,598,301. Company insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

ICE has been the topic of several analyst reports. Rothschild & Co Redburn set a $177.00 price target on shares of Intercontinental Exchange in a research report on Thursday, June 11th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday. Raymond James Financial set a $208.00 target price on Intercontinental Exchange in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $178.00 target price on shares of Intercontinental Exchange in a report on Friday, July 31st. Finally, Piper Sandler decreased their price target on Intercontinental Exchange from $211.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $183.33.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $162.89 on Tuesday. The company has a fifty day moving average price of $142.80 and a two-hundred day moving average price of $151.54. Intercontinental Exchange Inc. has a one year low of $121.79 and a one year high of $181.65. The stock has a market cap of $91.45 billion, a P/E ratio of 23.01, a P/E/G ratio of 1.57 and a beta of 0.92. The company has a debt-to-equity ratio of 0.63, 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 30th. The financial services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.06. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $2.63 billion. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. Intercontinental Exchange’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.81 EPS. As a group, equities analysts predict that Intercontinental Exchange Inc. will post 8.1 EPS for the current year.

Intercontinental Exchange Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.