Trillium Asset Management LLC Acquires Shares of 200,498 Intercontinental Exchange Inc. $ICE

Trillium Asset Management LLC acquired a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 200,498 shares of the financial services provider’s stock, valued at approximately $24,684,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ares Financial Consulting LLC acquired a new stake in Intercontinental Exchange during the 4th quarter valued at $25,000. Brooklands Fund Management Ltd acquired a new position in Intercontinental Exchange in the 4th quarter worth $28,000. Swiss RE Ltd. purchased a new position in Intercontinental Exchange in the 4th quarter valued at about $28,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Intercontinental Exchange during the fourth quarter valued at about $30,000. Finally, Gables Capital Management Inc. acquired a new stake in shares of Intercontinental Exchange during the second quarter valued at about $31,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Trading Up 0.9%

NYSE ICE opened at $158.68 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange Inc. has a one year low of $121.79 and a one year high of $181.65. The company has a 50-day simple moving average of $141.92 and a 200-day simple moving average of $151.63. The firm has a market capitalization of $89.08 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 1.55 and a beta of 0.92.

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. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the prior year, the business earned $1.81 earnings per share. Intercontinental Exchange’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities analysts forecast that Intercontinental Exchange Inc. will post 8.11 earnings per share for the current year.

Analysts Set New Price Targets

ICE has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price objective on Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $178.00 target price on shares of Intercontinental Exchange in a research note on Friday, July 31st. Raymond James Financial set a $208.00 price target on shares of Intercontinental Exchange in a research note on Monday, July 6th. Rothschild & Co Redburn set a $177.00 price target on shares of Intercontinental Exchange in a report on Thursday, June 11th. Finally, The Goldman Sachs Group reduced their price objective on shares of Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $183.33.

Insider Buying and Selling

In related news, CTO Mayur Kapani sold 4,271 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $10,279,785.60. This trade represents a 5.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William Jefferson Hague sold 1,333 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $139.46, for a total value of $185,900.18. Following the transaction, the director owned 20,132 shares of the company’s stock, valued at $2,807,608.72. This represents a 6.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 17,709 shares of company stock valued at $2,646,042 over the last three months. 0.84% of the stock is owned by company insiders.

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.