Sanctuary Advisors LLC Raises Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Sanctuary Advisors LLC raised its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 26.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,732 shares of the financial services provider’s stock after acquiring an additional 16,152 shares during the quarter. Sanctuary Advisors LLC’s holdings in Intercontinental Exchange were worth $12,223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Diversified Trust Co bought a new position in Intercontinental Exchange in the second quarter worth $214,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Intercontinental Exchange by 6.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 23,287 shares of the financial services provider’s stock worth $3,188,000 after acquiring an additional 1,310 shares in the last quarter. ORG Partners LLC lifted its position in Intercontinental Exchange by 1,652.9% during the 2nd quarter. ORG Partners LLC now owns 596 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 562 shares during the period. Swedbank AB boosted its stake in Intercontinental Exchange by 5.4% during the second quarter. Swedbank AB now owns 84,942 shares of the financial services provider’s stock worth $11,628,000 after acquiring an additional 4,359 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Intercontinental Exchange by 819.7% in the second quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider’s stock worth $18,764,000 after purchasing an additional 122,169 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $155.58 on Friday. The firm has a market capitalization of $89.33 billion, a P/E ratio of 36.87, a PEG ratio of 2.61 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange, Inc. has a one year low of $121.56 and a one year high of $167.99. The business has a fifty day moving average of $159.90 and a 200 day moving average of $153.24.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the company posted $1.46 EPS. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Wall Street Analyst Weigh In

ICE has been the subject of several recent research reports. Bank of America lifted their target price on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Barclays lifted their price objective on Intercontinental Exchange from $173.00 to $187.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Raymond James downgraded Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price on the stock. in a report on Monday, October 14th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a report on Friday, November 1st. Finally, Morgan Stanley upped their price target on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average target price of $175.07.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 602 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $98,011.62. Following the completion of the sale, the insider now owns 14,034 shares in the company, valued at $2,284,875.54. This represents a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Stuart Glen Williams sold 468 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $76,195.08. Following the completion of the transaction, the chief operating officer now directly owns 13,530 shares in the company, valued at $2,202,819.30. This trade represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,901 shares of company stock worth $1,582,542. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.