Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 27.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,365 shares of the financial services provider's stock after purchasing an additional 25,426 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Intercontinental Exchange were worth $16,203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ICE. Scarborough Advisors LLC purchased a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $25,000. Annapolis Financial Services LLC lifted its position in Intercontinental Exchange by 1,018.8% during the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 163 shares during the last quarter. New Millennium Group LLC purchased a new position in shares of Intercontinental Exchange in the 2nd quarter worth $25,000. International Assets Investment Management LLC purchased a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at about $25,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Intercontinental Exchange in the 1st quarter valued at about $26,000. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Up 0.1 %

Shares of Intercontinental Exchange stock traded up $0.22 during trading on Friday, hitting $161.36. 2,418,684 shares of the stock traded hands, compared to its average volume of 2,470,908. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69. The stock's fifty day simple moving average is $154.20 and its 200 day simple moving average is $142.00. The firm has a market cap of $92.55 billion, a P/E ratio of 37.01, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08. Intercontinental Exchange, Inc. has a 52-week low of $104.49 and a 52-week high of $163.71.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating 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 business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the firm posted $1.43 EPS. The company's revenue for the quarter was up 22.7% on a year-over-year basis. On average, equities analysts predict that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current fiscal year.

Insider Activity at Intercontinental Exchange

In related news, CAO James W. Namkung sold 1,043 shares of the company's stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total transaction of $156,450.00. Following the completion of the sale, the chief accounting officer now directly owns 17,836 shares in the company, valued at approximately $2,675,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO James W. Namkung sold 1,043 shares of the business's stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total transaction of $156,450.00. Following the completion of the transaction, the chief accounting officer now owns 17,836 shares in the company, valued at approximately $2,675,400. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 1,898 shares of the firm's stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total transaction of $259,380.68. Following the completion of the sale, the general counsel now owns 46,815 shares of the company's stock, valued at $6,397,737.90. The disclosure for this sale can be found here. Insiders have sold a total of 67,096 shares of company stock valued at $9,593,983 over the last ninety days. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

ICE has been the topic of several analyst reports. Argus restated a "buy" rating and set a $153.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. The Goldman Sachs Group raised shares of Intercontinental Exchange from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $143.00 to $167.00 in a research note on Monday, July 1st. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $168.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lifted their price target 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. Finally, StockNews.com lowered shares of Intercontinental Exchange from a "hold" rating to a "sell" rating in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange presently has an average rating of "Moderate Buy" and a consensus price target of $154.93.

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.