Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Harmony Asset Management LLC

Harmony Asset Management LLC cut its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 23.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,276 shares of the financial services provider’s stock after selling 4,362 shares during the quarter. Harmony Asset Management LLC’s holdings in Intercontinental Exchange were worth $2,293,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers raised its holdings in shares of Intercontinental Exchange by 230.2% in the first quarter. Cetera Investment Advisers now owns 61,896 shares of the financial services provider’s stock worth $8,506,000 after acquiring an additional 43,149 shares during the last quarter. Cetera Advisors LLC raised its position in shares of Intercontinental Exchange by 68.9% during the first quarter. Cetera Advisors LLC now owns 18,045 shares of the financial services provider’s stock worth $2,480,000 after purchasing an additional 7,358 shares during the period. Mather Group LLC. grew its stake in Intercontinental Exchange by 7.5% in the second quarter. Mather Group LLC. now owns 2,206 shares of the financial services provider’s stock valued at $303,000 after purchasing an additional 154 shares in the last quarter. Park Avenue Securities LLC lifted its position in Intercontinental Exchange by 11.4% during the 2nd quarter. Park Avenue Securities LLC now owns 25,176 shares of the financial services provider’s stock worth $3,446,000 after acquiring an additional 2,575 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in Intercontinental Exchange by 1.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 6,329 shares of the financial services provider’s stock valued at $866,000 after buying an additional 95 shares during the period. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ICE. Bank of America upped their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Raymond James cut shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective for the company. in a research note on Monday, October 14th. Morgan Stanley lifted their price objective on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. TD Cowen started coverage on shares of Intercontinental Exchange in a research report on Thursday, September 26th. They set a “buy” rating and a $182.00 price objective on the stock. Finally, Barclays cut their price target on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating for the company in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $174.13.

Insider Activity

In other Intercontinental Exchange news, CFO Warren Gardiner sold 750 shares of Intercontinental Exchange stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $161.43, for a total transaction of $121,072.50. Following the completion of the transaction, the chief financial officer now owns 16,576 shares of the company’s stock, valued at $2,675,863.68. The trade was a 4.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Benjamin Jackson sold 5,828 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the sale, the president now owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,696 shares of company stock valued at $1,554,559. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Down 1.7 %

Shares of Intercontinental Exchange stock opened at $158.29 on Tuesday. The firm has a 50-day simple moving average of $160.62 and a two-hundred day simple moving average of $152.07. The company has a market cap of $90.89 billion, a P/E ratio of 37.51, a price-to-earnings-growth ratio of 2.66 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. Intercontinental Exchange, Inc. has a fifty-two week low of $111.82 and a fifty-two week high of $167.99.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter last year, the company earned $1.46 EPS. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, equities analysts predict that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

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.