Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. increased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 753,309 shares of the financial services provider's stock after acquiring an additional 45,203 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.13% of Intercontinental Exchange worth $103,120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ICE. Scarborough Advisors LLC purchased a new position in Intercontinental Exchange in the 4th quarter worth approximately $25,000. Annapolis Financial Services LLC raised its stake in shares of 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 acquiring an additional 163 shares during the last quarter. New Millennium Group LLC purchased a new stake in shares of Intercontinental Exchange during the second quarter worth about $25,000. International Assets Investment Management LLC bought a new stake in shares of Intercontinental Exchange in the second quarter worth about $25,000. Finally, Fairscale Capital LLC purchased a new position in Intercontinental Exchange during the 2nd quarter valued at about $25,000. 89.30% of the stock is owned by institutional investors.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 602 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $2,284,875.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Jeffrey C. Sprecher sold 58,389 shares of the firm's stock in a transaction that occurred on Tuesday, July 9th. The stock was 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 of the company's stock, valued at approximately $167,181,408.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Scott Edmonds sold 602 shares of the firm's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $98,011.62. Following the completion of the sale, the insider now owns 14,034 shares of the company's stock, valued at $2,284,875.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,268 shares of company stock valued at $9,508,809. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE traded up $0.52 during mid-day trading on Friday, reaching $158.64. 3,329,491 shares of the company traded hands, compared to its average volume of 2,499,804. The firm has a market cap of $91.08 billion, a PE ratio of 36.27, a PEG 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. The company's 50 day moving average price is $156.67 and its 200-day moving average price is $143.31. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ICE shares. TD Cowen assumed coverage on Intercontinental Exchange in a research report on Thursday. They issued a "buy" rating and a $182.00 price objective on the stock. The Goldman Sachs Group raised shares of Intercontinental Exchange from a "neutral" rating to a "buy" rating and increased their price target for the stock from $143.00 to $167.00 in a research note on Monday, July 1st. Deutsche Bank Aktiengesellschaft lifted their price target on Intercontinental Exchange from $152.00 to $154.00 and gave the company a "hold" rating in a research report on Thursday, August 15th. Barclays boosted 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. Finally, Royal Bank of Canada initiated coverage on shares of Intercontinental Exchange in a research report on Friday. They set an "outperform" rating and a $200.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Intercontinental Exchange presently has an average rating of "Moderate Buy" and a consensus target price of $162.47.

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.