Midland Wealth Advisors LLC Lowers Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Midland Wealth Advisors LLC reduced its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,691 shares of the financial services provider’s stock after selling 104 shares during the period. Midland Wealth Advisors LLC’s holdings in Intercontinental Exchange were worth $916,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Fiera Capital Corp boosted its holdings in Intercontinental Exchange by 60.2% in the second quarter. Fiera Capital Corp now owns 26,788 shares of the financial services provider’s stock valued at $3,667,000 after purchasing an additional 10,070 shares during the period. Rhumbline Advisers grew its position in shares of Intercontinental Exchange by 2.1% during the second quarter. Rhumbline Advisers now owns 1,093,949 shares of the financial services provider’s stock worth $149,751,000 after buying an additional 22,777 shares in the last quarter. Chilton Capital Management LLC increased its stake in shares of Intercontinental Exchange by 414.7% during the second quarter. Chilton Capital Management LLC now owns 350 shares of the financial services provider’s stock worth $48,000 after buying an additional 282 shares during the period. Stiles Financial Services Inc increased its stake in shares of Intercontinental Exchange by 26.3% during the second quarter. Stiles Financial Services Inc now owns 2,621 shares of the financial services provider’s stock worth $359,000 after buying an additional 546 shares during the period. Finally, Resonant Capital Advisors LLC raised its holdings in Intercontinental Exchange by 12.0% in the second quarter. Resonant Capital Advisors LLC now owns 2,898 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 311 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on ICE shares. Argus reissued a “buy” rating and issued a $153.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $168.00 target price on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lifted their price target on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Barclays increased their price objective on Intercontinental Exchange from $159.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $154.93.

Insider Buying and Selling

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

Intercontinental Exchange Stock Performance

Shares of ICE traded up $0.10 during mid-day trading on Tuesday, hitting $161.65. 371,596 shares of the company’s stock were exchanged, compared to its average volume of 2,441,226. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69. Intercontinental Exchange, Inc. has a fifty-two week low of $104.49 and a fifty-two week high of $161.97. The business’s 50 day moving average is $150.14 and its two-hundred day moving average is $140.52. The firm has a market capitalization of $92.81 billion, a P/E ratio of 37.05, a P/E/G ratio of 2.84 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.31 billion. During the same period last year, the firm earned $1.43 EPS. The firm’s revenue for the quarter was up 22.7% on a year-over-year basis. On average, equities analysts expect that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current year.

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.