Rosenbaum Jay D. boosted its holdings in Intercontinental Exchange Inc (NYSE:ICE) by 3.0% in the 2nd quarter, Holdings Channel reports. The firm owned 8,215 shares of the financial services provider’s stock after purchasing an additional 240 shares during the period. Rosenbaum Jay D.’s holdings in Intercontinental Exchange were worth $705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in ICE. Carroll Financial Associates Inc. raised its position in Intercontinental Exchange by 51.3% during the 2nd quarter. Carroll Financial Associates Inc. now owns 360 shares of the financial services provider’s stock worth $30,000 after buying an additional 122 shares during the last quarter. Arlington Partners LLC purchased a new position in Intercontinental Exchange during the 2nd quarter worth $34,000. Sandy Spring Bank raised its position in Intercontinental Exchange by 41.8% during the 2nd quarter. Sandy Spring Bank now owns 404 shares of the financial services provider’s stock worth $35,000 after buying an additional 119 shares during the last quarter. Capital Advisors Ltd. LLC purchased a new position in Intercontinental Exchange during the 2nd quarter worth $42,000. Finally, Pittenger & Anderson Inc. purchased a new position in Intercontinental Exchange during the 1st quarter worth $44,000. Hedge funds and other institutional investors own 89.41% of the company’s stock.

Shares of ICE traded up $1.21 during trading hours on Thursday, reaching $90.48. The company had a trading volume of 44,075 shares, compared to its average volume of 2,087,544. The firm has a 50 day moving average of $89.70. 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 market capitalization of $50.76 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 2.93 and a beta of 0.50. Intercontinental Exchange Inc has a 12-month low of $69.69 and a 12-month high of $93.40.

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

ICE has been the subject of a number of analyst reports. Raymond James upped their price objective on shares of Intercontinental Exchange from $89.00 to $94.00 and gave the stock an “outperform” rating in a research report on Friday, July 5th. Citigroup downgraded shares of Intercontinental Exchange from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $92.00 to $99.00 in a research report on Monday, July 22nd. Finally, ValuEngine upgraded shares of 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 issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $88.21.

In other news, Director Vincent Tese sold 2,000 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $81.87, for a total value of $163,740.00. Following the completion of the transaction, the director now owns 35,004 shares in the company, valued at approximately $2,865,777.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey C. Sprecher sold 53,166 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $81.26, for a total transaction of $4,320,269.16. The disclosure for this sale can be found here. Insiders sold a total of 179,966 shares of company stock valued at $15,414,996 in the last quarter. Insiders own 1.50% of the company’s stock.

Intercontinental Exchange Company 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.

Further Reading: What is the return on assets (ROA) ratio?

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

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