Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by AdvisorShares Investments LLC

AdvisorShares Investments LLC lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,766 shares of the financial services provider's stock after purchasing an additional 3,128 shares during the period. Intercontinental Exchange comprises approximately 1.1% of AdvisorShares Investments LLC's portfolio, making the stock its 19th largest position. AdvisorShares Investments LLC's holdings in Intercontinental Exchange were worth $6,267,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Intercontinental Exchange by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider's stock worth $6,978,218,000 after buying an additional 3,536,913 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Intercontinental Exchange by 35.0% during the fourth quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider's stock worth $2,105,994,000 after purchasing an additional 4,251,371 shares during the last quarter. Capital World Investors increased its position in shares of Intercontinental Exchange by 35.6% during the fourth quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider's stock worth $1,238,559,000 after purchasing an additional 2,530,119 shares in the last quarter. Parnassus Investments LLC lifted its holdings in shares of Intercontinental Exchange by 23.8% in the 4th quarter. Parnassus Investments LLC now owns 8,429,851 shares of the financial services provider's stock valued at $1,082,646,000 after purchasing an additional 1,621,737 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at about $839,259,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 1,941 shares of the firm's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $160.69, for a total transaction of $311,899.29. Following the completion of the transaction, the director now directly owns 26,908 shares in the company, valued at approximately $4,323,846.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Judith A. Sprieser sold 1,941 shares of the company's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $160.69, for a total value of $311,899.29. Following the sale, the director now directly owns 26,908 shares in the company, valued at $4,323,846.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total value of $259,380.68. Following the sale, the general counsel now owns 46,815 shares of the company's stock, valued at approximately $6,397,737.90. The disclosure for this sale can be found here. Insiders sold 66,346 shares of company stock valued at $9,472,911 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ICE has been the topic of several research analyst reports. Barclays lifted their price target on Intercontinental Exchange from $159.00 to $167.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Argus reiterated a "buy" rating and issued a $153.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. Citigroup raised their price objective on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a "buy" rating in a research report on Tuesday, July 9th. The Goldman Sachs Group raised shares of Intercontinental Exchange from a "neutral" rating to a "buy" rating and upped their target price for the company from $143.00 to $167.00 in a report on Monday, July 1st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the stock a "hold" rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $154.93.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock traded down $1.98 during midday trading on Wednesday, reaching $159.99. The company's stock had a trading volume of 3,072,502 shares, compared to its average volume of 2,460,742. The firm has a market capitalization of $91.77 billion, a PE ratio of 37.15, a P/E/G ratio of 2.82 and a beta of 1.08. Intercontinental Exchange, Inc. has a fifty-two week low of $104.49 and a fifty-two week high of $163.71. The stock's 50 day simple moving average is $153.01 and its 200 day simple moving average is $141.55. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.03. The business had revenue of $2.32 billion for the quarter, compared to analysts' expectations of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The company's revenue was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 EPS. On average, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current year.

Intercontinental Exchange Company 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.