Sanctuary Advisors LLC Purchases 16,152 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Sanctuary Advisors LLC increased its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 26.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,732 shares of the financial services provider's stock after purchasing an additional 16,152 shares during the period. Sanctuary Advisors LLC's holdings in Intercontinental Exchange were worth $12,223,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ICE. Janus Henderson Group PLC increased its holdings in shares of Intercontinental Exchange by 326.3% in the 3rd quarter. Janus Henderson Group PLC now owns 4,520,639 shares of the financial services provider's stock worth $726,196,000 after buying an additional 3,460,096 shares during the last quarter. FMR LLC raised its position in Intercontinental Exchange by 44.1% during the third quarter. FMR LLC now owns 7,846,421 shares of the financial services provider's stock valued at $1,260,449,000 after purchasing an additional 2,401,630 shares in the last quarter. Two Sigma Advisers LP raised its position in Intercontinental Exchange by 285.9% during the third quarter. Two Sigma Advisers LP now owns 1,756,400 shares of the financial services provider's stock valued at $282,148,000 after purchasing an additional 1,301,200 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Intercontinental Exchange by 426.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 721,474 shares of the financial services provider's stock worth $115,898,000 after purchasing an additional 584,400 shares in the last quarter. Finally, Samlyn Capital LLC increased its position in shares of Intercontinental Exchange by 142.2% during the 2nd quarter. Samlyn Capital LLC now owns 835,654 shares of the financial services provider's stock valued at $114,393,000 after purchasing an additional 490,671 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the sale, the president now owns 156,163 shares in the company, valued at approximately $24,986,080. This represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Stuart Glen Williams sold 468 shares of Intercontinental Exchange 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 $76,195.08. Following the transaction, the chief operating officer now owns 13,530 shares of the company's stock, valued at $2,202,819.30. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,901 shares of company stock worth $1,582,542. Company insiders own 1.10% of the company's stock.

Intercontinental Exchange Trading Down 0.6 %

Shares of Intercontinental Exchange stock traded down $0.97 during midday trading on Friday, reaching $155.58. 2,411,606 shares of the company's stock traded hands, compared to its average volume of 2,601,286. The stock has a 50 day moving average of $159.90 and a 200-day moving average of $153.24. Intercontinental Exchange, Inc. has a 12 month low of $121.56 and a 12 month high of $167.99. The company has a market cap of $89.33 billion, a PE ratio of 36.87, a price-to-earnings-growth ratio of 2.61 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The firm had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.35 billion. During the same period last year, the company posted $1.46 EPS. The company's quarterly revenue was up 17.3% compared to the same quarter last year. As a group, equities analysts expect that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on ICE. Morgan Stanley boosted their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. TD Cowen began coverage on shares of Intercontinental Exchange in a research note on Thursday, September 26th. They issued a "buy" rating and a $182.00 price objective for the company. Bank of America lifted their target price on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. Finally, Raymond James downgraded Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 price objective on the stock. in a report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange has a consensus rating of "Moderate Buy" and an average target price of $175.07.

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.