AE Wealth Management LLC Buys 22,396 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

AE Wealth Management LLC boosted its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 11.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 215,911 shares of the financial services provider's stock after purchasing an additional 22,396 shares during the period. AE Wealth Management LLC's holdings in Intercontinental Exchange were worth $29,556,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in 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 valued at $2,105,994,000 after purchasing an additional 4,251,371 shares during the last quarter. D.A. Davidson & CO. increased its stake in Intercontinental Exchange by 8.5% in the 4th quarter. D.A. Davidson & CO. now owns 25,328 shares of the financial services provider's stock worth $3,253,000 after purchasing an additional 1,991 shares in the last quarter. Point72 Europe London LLP raised its holdings in Intercontinental Exchange by 10.9% during the 4th quarter. Point72 Europe London LLP now owns 66,300 shares of the financial services provider's stock worth $8,515,000 after buying an additional 6,500 shares during the period. Perpetual Ltd lifted its stake in Intercontinental Exchange by 0.4% during the first quarter. Perpetual Ltd now owns 1,487,993 shares of the financial services provider's stock valued at $204,495,000 after buying an additional 6,272 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of 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 buying an additional 122,169 shares during the period. 89.30% of the stock is owned by institutional investors.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, CAO James W. Namkung sold 1,043 shares of the company's stock in a transaction that occurred 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 owns 17,836 shares of the company's stock, valued at $2,675,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Intercontinental Exchange news, CAO James W. Namkung sold 1,043 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $2,675,400. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 58,389 shares of the firm's stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $141.68, for a total value of $8,272,553.52. Following the completion of the sale, the chief executive officer now directly owns 1,179,993 shares in the company, valued at $167,181,408.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,166 shares of company stock valued at $9,768,190. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ICE shares. Keefe, Bruyette & Woods restated an "outperform" rating and set a $168.00 price target on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Barclays increased their target price on Intercontinental Exchange from $159.00 to $167.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price target on Intercontinental Exchange from $151.00 to $171.00 and gave the company an "overweight" rating in a report on Monday. Citigroup raised their price objective on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a "buy" rating in a research report on Tuesday, July 9th. Finally, The Goldman Sachs Group upgraded 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $158.08.

Intercontinental Exchange Stock Up 0.6 %

ICE stock traded up $0.95 during trading hours on Friday, hitting $159.82. The company's stock had a trading volume of 4,843,347 shares, compared to its average volume of 2,492,314. The company has a market capitalization of $91.67 billion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08. The stock has a 50 day moving average price of $155.82 and a two-hundred day moving average price of $142.75. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month 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, topping the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The business's quarterly revenue was up 22.7% on a year-over-year basis. On average, equities research analysts expect 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.