Guinness Asset Management LTD Purchases 24,660 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Guinness Asset Management LTD raised its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 9.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 273,299 shares of the financial services provider's stock after acquiring an additional 24,660 shares during the quarter. Guinness Asset Management LTD's holdings in Intercontinental Exchange were worth $40,724,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ICE. Mercer Global Advisors Inc. ADV increased its position in shares of Intercontinental Exchange by 37.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 31,728 shares of the financial services provider's stock valued at $4,348,000 after acquiring an additional 8,714 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Intercontinental Exchange by 1.2% during the 2nd quarter. Intech Investment Management LLC now owns 15,527 shares of the financial services provider's stock worth $2,125,000 after purchasing an additional 189 shares in the last quarter. Ieq Capital LLC boosted its holdings in shares of Intercontinental Exchange by 9.2% in the 2nd quarter. Ieq Capital LLC now owns 26,919 shares of the financial services provider's stock valued at $3,685,000 after buying an additional 2,265 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Intercontinental Exchange by 139.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,634 shares of the financial services provider's stock valued at $497,000 after buying an additional 2,117 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in Intercontinental Exchange by 253.5% during the second quarter. Canada Pension Plan Investment Board now owns 462,350 shares of the financial services provider's stock worth $63,291,000 after buying an additional 331,574 shares during the last quarter. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE traded down $1.16 during trading on Monday, hitting $149.07. 3,301,963 shares of the company were exchanged, compared to its average volume of 2,416,945. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $167.99. The company has a market capitalization of $85.59 billion, a P/E ratio of 35.33, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. The business's 50 day moving average is $153.20 and its 200-day moving average is $155.73.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 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 firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the firm posted $1.46 earnings per share. The business's revenue for the quarter was up 17.3% on a year-over-year basis. Equities analysts forecast that Intercontinental Exchange, Inc. will post 6.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on ICE. Keefe, Bruyette & Woods reduced their price target on Intercontinental Exchange from $183.00 to $178.00 and set an "outperform" rating for the company in a report on Monday, January 13th. Morgan Stanley lifted their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. StockNews.com cut Intercontinental Exchange from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Finally, Bank of America increased their target price on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $175.27.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the sale, the president now owns 156,163 shares of the company's stock, valued at approximately $24,986,080. This represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the business's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total value of $149,056.40. Following the completion of the transaction, the general counsel now directly owns 44,702 shares in the company, valued at $6,977,088.16. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,795 shares of company stock worth $2,120,572. 1.10% of the stock is currently owned by company insiders.

About Intercontinental Exchange

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.