Sanctuary Advisors LLC Sells 5,433 Shares of Intercontinental Exchange Inc. $ICE

Sanctuary Advisors LLC trimmed its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 6.0% in the first quarter, HoldingsChannel.com reports. The fund owned 85,337 shares of the financial services provider’s stock after selling 5,433 shares during the period. Sanctuary Advisors LLC’s holdings in Intercontinental Exchange were worth $13,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of ICE. PNC Financial Services Group Inc. increased its holdings in Intercontinental Exchange by 5.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 191,658 shares of the financial services provider’s stock worth $31,041,000 after buying an additional 10,742 shares during the last quarter. USS Investment Management Ltd grew its position in shares of Intercontinental Exchange by 37.2% during the 1st quarter. USS Investment Management Ltd now owns 946,920 shares of the financial services provider’s stock valued at $148,960,000 after acquiring an additional 256,851 shares during the period. Walter Public Investments Inc. grew its position in shares of Intercontinental Exchange by 13.8% during the 4th quarter. Walter Public Investments Inc. now owns 124,993 shares of the financial services provider’s stock valued at $20,244,000 after acquiring an additional 15,129 shares during the period. Vanguard Group Inc. increased its stake in shares of Intercontinental Exchange by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 54,153,170 shares of the financial services provider’s stock worth $8,770,647,000 after purchasing an additional 413,639 shares during the last quarter. Finally, OFI Invest Asset Management increased its stake in shares of Intercontinental Exchange by 51,986.3% during the 4th quarter. OFI Invest Asset Management now owns 400,544 shares of the financial services provider’s stock worth $64,872,000 after purchasing an additional 399,775 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of research reports. Rothschild & Co Redburn set a $177.00 price target on shares of Intercontinental Exchange in a report on Thursday, June 11th. Piper Sandler decreased their target price on Intercontinental Exchange from $211.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday. The Goldman Sachs Group lowered their target price on Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Barclays dropped their price target on Intercontinental Exchange from $201.00 to $180.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Finally, Raymond James Financial set a $208.00 price target on Intercontinental Exchange in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.58.

Insider Activity

In related news, CFO Warren Gardiner sold 2,490 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $156.64, for a total transaction of $390,033.60. Following the sale, the chief financial officer owned 25,189 shares of the company’s stock, valued at approximately $3,945,604.96. This represents a 9.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Mayur Kapani sold 4,271 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $155.42, for a total transaction of $663,798.82. Following the completion of the transaction, the chief technology officer directly owned 64,869 shares of the company’s stock, valued at approximately $10,081,939.98. The trade was a 6.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 13,425 shares of company stock valued at $2,046,324. 0.84% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Up 1.3%

Intercontinental Exchange stock opened at $141.63 on Friday. The firm has a 50 day simple moving average of $141.16 and a 200 day simple moving average of $154.89. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a 1-year low of $121.79 and a 1-year high of $189.35. The firm has a market capitalization of $80.09 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 1.43 and a beta of 0.94.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $2.88 billion. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the company earned $1.72 earnings per share. On average, analysts predict that Intercontinental Exchange Inc. will post 8.11 earnings per share 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.