Ashton Thomas Private Wealth LLC Has $529,000 Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Ashton Thomas Private Wealth LLC cut its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 59.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,861 shares of the financial services provider's stock after selling 5,750 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Intercontinental Exchange were worth $529,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Intercontinental Exchange in the 4th quarter worth approximately $839,259,000. Wellington Management Group LLP raised its position in shares of Intercontinental Exchange by 35.0% in the fourth quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider's stock valued at $2,105,994,000 after purchasing an additional 4,251,371 shares during the period. Vanguard Group Inc. raised its position in shares of Intercontinental Exchange by 7.5% in the first quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider's stock valued at $6,978,218,000 after purchasing an additional 3,536,913 shares during the period. Capital World Investors lifted its stake in shares of Intercontinental Exchange by 35.6% in 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 buying an additional 2,530,119 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Intercontinental Exchange by 303.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,381,314 shares of the financial services provider's stock worth $305,832,000 after buying an additional 1,790,493 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on ICE shares. StockNews.com downgraded Intercontinental Exchange from a "hold" rating to a "sell" rating in a research report on Friday, September 6th. Citigroup upped their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the company a "buy" rating in a research note on Tuesday, July 9th. The Goldman Sachs Group upgraded shares of Intercontinental Exchange from a "neutral" rating to a "buy" rating and raised their price target for the stock from $143.00 to $167.00 in a research report on Monday, July 1st. Barclays upped their price objective on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Finally, Argus reissued a "buy" rating and set a $153.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Intercontinental Exchange presently has an average rating of "Moderate Buy" and an average price target of $154.93.

Insider Buying and Selling at Intercontinental Exchange

In other news, CFO Warren Gardiner sold 750 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $161.43, for a total transaction of $121,072.50. Following the completion of the sale, the chief financial officer now owns 16,576 shares in the company, valued at approximately $2,675,863.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Intercontinental Exchange news, Director Judith A. Sprieser sold 1,941 shares of the stock in a transaction on Tuesday, August 27th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Warren Gardiner sold 750 shares of the firm's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $161.43, for a total value of $121,072.50. Following the sale, the chief financial officer now directly owns 16,576 shares in the company, valued at approximately $2,675,863.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,096 shares of company stock worth $9,593,983. Company insiders own 1.10% of the company's stock.

Intercontinental Exchange Price Performance

Shares of Intercontinental Exchange stock traded up $1.15 during trading on Thursday, reaching $161.14. The company's stock had a trading volume of 3,700,101 shares, compared to its average volume of 2,467,784. The stock has a 50-day moving average price of $153.39 and a two-hundred day moving average price of $141.67. The stock has a market capitalization of $92.43 billion, a P/E ratio of 36.68, a price-to-earnings-growth ratio of 2.82 and a beta of 1.08. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69. Intercontinental Exchange, Inc. has a one year low of $104.49 and a one year high of $163.71.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its 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. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The company's revenue was up 22.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.04 EPS for the current fiscal year.

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.