Park Avenue Securities LLC bought a new stake in shares of Intercontinental Exchange Inc (NYSE:ICE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,875 shares of the financial services provider’s stock, valued at approximately $216,000.

Other hedge funds also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt raised its position in Intercontinental Exchange by 16.7% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 10,470 shares of the financial services provider’s stock valued at $770,000 after purchasing an additional 1,500 shares during the last quarter. Raymond James Trust N.A. raised its position in Intercontinental Exchange by 18.8% during the 2nd quarter. Raymond James Trust N.A. now owns 10,035 shares of the financial services provider’s stock valued at $738,000 after purchasing an additional 1,590 shares during the last quarter. First Citizens Bank & Trust Co. bought a new position in Intercontinental Exchange during the 2nd quarter valued at approximately $960,000. Peregrine Capital Management LLC raised its position in Intercontinental Exchange by 0.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 275,679 shares of the financial services provider’s stock valued at $20,276,000 after purchasing an additional 837 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. raised its position in Intercontinental Exchange by 4,786.1% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 80,425 shares of the financial services provider’s stock valued at $5,915,000 after purchasing an additional 78,779 shares during the last quarter. Institutional investors own 88.99% of the company’s stock.

Shares of NYSE:ICE opened at $79.08 on Friday. Intercontinental Exchange Inc has a 52-week low of $65.96 and a 52-week high of $80.00. The company has a market capitalization of $44.74 billion, a PE ratio of 23.24, a PEG ratio of 2.27 and a beta of 0.53. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.00 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Wednesday, October 31st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.05. Intercontinental Exchange had a return on equity of 11.67% and a net margin of 43.09%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company earned $0.73 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. Equities research analysts forecast that Intercontinental Exchange Inc will post 3.52 EPS for the current year.

Intercontinental Exchange announced that its board has authorized a stock repurchase program on Wednesday, October 31st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire up to 4.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

A number of research analysts have commented on the company. Barclays upped their price target on Intercontinental Exchange from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, November 1st. Citigroup set a $80.00 price target on Intercontinental Exchange and gave the company a “hold” rating in a research report on Thursday, November 1st. Raymond James upped their price target on Intercontinental Exchange from $81.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, November 1st. Zacks Investment Research raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Finally, Wells Fargo & Co increased their target price on Intercontinental Exchange from $80.00 to $81.00 and gave the stock a “market perform” rating in a research report on Thursday, November 1st. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $84.07.

In other news, President Benjamin Jackson sold 2,860 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $77.88, for a total value of $222,736.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey C. Sprecher sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $73.28, for a total value of $5,862,400.00. The disclosure for this sale can be found here. Insiders sold a total of 288,819 shares of company stock valued at $21,896,765 in the last three months. Corporate insiders own 1.50% of the company’s stock.

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Intercontinental Exchange Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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