Signature Estate & Investment Advisors LLC cut its position in Intercontinental Exchange Inc (NYSE:ICE) by 3.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 292,113 shares of the financial services provider’s stock after selling 10,192 shares during the period. Intercontinental Exchange makes up about 1.9% of Signature Estate & Investment Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Signature Estate & Investment Advisors LLC owned about 0.05% of Intercontinental Exchange worth $25,104,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its position in Intercontinental Exchange by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,471,982 shares of the financial services provider’s stock worth $110,879,000 after acquiring an additional 4,572 shares during the last quarter. Geode Capital Management LLC grew its position in Intercontinental Exchange by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 6,607,483 shares of the financial services provider’s stock worth $496,763,000 after acquiring an additional 440,954 shares during the last quarter. Raymond James Trust N.A. grew its position in Intercontinental Exchange by 20.9% during the 1st quarter. Raymond James Trust N.A. now owns 14,215 shares of the financial services provider’s stock worth $1,083,000 after acquiring an additional 2,454 shares during the last quarter. Allred Capital Management LLC grew its position in Intercontinental Exchange by 4.0% during the 1st quarter. Allred Capital Management LLC now owns 3,489 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 133 shares during the last quarter. Finally, Hills Bank & Trust Co. grew its position in Intercontinental Exchange by 0.7% during the 1st quarter. Hills Bank & Trust Co. now owns 67,669 shares of the financial services provider’s stock worth $5,153,000 after acquiring an additional 465 shares during the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

ICE traded up $0.84 during mid-day trading on Thursday, reaching $90.11. The stock had a trading volume of 70,226 shares, compared to its average volume of 2,087,544. The company has a market cap of $50.76 billion, a PE ratio of 25.10, a P/E/G ratio of 2.93 and a beta of 0.50. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average price of $89.70. Intercontinental Exchange Inc has a 52 week low of $69.69 and a 52 week high of $93.40.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.02. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.85%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.90 EPS. On average, equities analysts expect that Intercontinental Exchange Inc will post 3.78 earnings per share for the current fiscal year.

ICE has been the topic of a number of research analyst reports. Raymond James increased their price target on Intercontinental Exchange from $89.00 to $94.00 and gave the stock an “outperform” rating in a research report on Friday, July 5th. Citigroup lowered Intercontinental Exchange from a “buy” rating to a “neutral” rating and increased their price objective for the company from $92.00 to $99.00 in a research report on Monday, July 22nd. Finally, ValuEngine upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $88.21.

In other news, CEO Jeffrey C. Sprecher sold 53,166 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $81.26, for a total value of $4,320,269.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Benjamin Jackson sold 1,896 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $90.26, for a total value of $171,132.96. The disclosure for this sale can be found here. In the last three months, insiders sold 179,966 shares of company stock worth $15,414,996. 1.50% of the stock is currently owned by company insiders.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

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

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