Point72 Europe London LLP Reduces Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Point72 Europe London LLP trimmed its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 8.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,392 shares of the financial services provider's stock after selling 5,108 shares during the quarter. Point72 Europe London LLP's holdings in Intercontinental Exchange were worth $7,856,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Gilbert & Cook Inc. lifted its position in Intercontinental Exchange by 5.5% during the fourth quarter. Gilbert & Cook Inc. now owns 3,636 shares of the financial services provider's stock valued at $467,000 after purchasing an additional 188 shares in the last quarter. 9258 Wealth Management LLC lifted its position in Intercontinental Exchange by 29.9% during the fourth quarter. 9258 Wealth Management LLC now owns 7,607 shares of the financial services provider's stock valued at $977,000 after purchasing an additional 1,752 shares during the last quarter. Gryphon Financial Partners LLC grew its stake in shares of Intercontinental Exchange by 38.9% in the 4th quarter. Gryphon Financial Partners LLC now owns 4,356 shares of the financial services provider's stock worth $511,000 after buying an additional 1,220 shares in the last quarter. Commerce Bank increased its holdings in shares of Intercontinental Exchange by 0.7% in the 4th quarter. Commerce Bank now owns 23,830 shares of the financial services provider's stock worth $3,060,000 after buying an additional 171 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in shares of Intercontinental Exchange by 1.8% during the 4th quarter. Advisory Services Network LLC now owns 8,108 shares of the financial services provider's stock valued at $1,041,000 after buying an additional 140 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Intercontinental Exchange news, CAO James W. Namkung sold 1,043 shares of the 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 sale, the chief accounting officer now owns 17,836 shares of the company's stock, valued at approximately $2,675,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Christopher Scott Edmonds sold 602 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the transaction, the insider now owns 14,034 shares in the company, valued at approximately $2,284,875.54. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO James W. Namkung sold 1,043 shares of the firm'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 sale, the chief accounting officer now owns 17,836 shares of the company's stock, valued at $2,675,400. The disclosure for this sale can be found here. Insiders sold 66,268 shares of company stock valued at $9,508,809 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Up 0.4 %

Shares of ICE traded up $0.70 during midday trading on Wednesday, reaching $159.45. 2,391,910 shares of the stock were exchanged, compared to its average volume of 2,491,319. The company has a market capitalization of $91.55 billion, a P/E ratio of 36.51, a PEG ratio of 2.81 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 52 week low of $104.49 and a 52 week high of $163.71. The company's 50 day moving average is $156.26 and its two-hundred day moving average is $143.09.

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, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Barclays boosted their price objective on Intercontinental Exchange from $159.00 to $167.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. StockNews.com lowered shares of Intercontinental Exchange from a "hold" rating to a "sell" rating in a research note on Friday, September 6th. The Goldman Sachs Group raised shares of Intercontinental Exchange from a "neutral" rating to a "buy" rating and increased their target price for the company from $143.00 to $167.00 in a research note on Monday, July 1st. Citigroup lifted their price target on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a "buy" rating in a research note on Tuesday, July 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.08.

Intercontinental Exchange 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.