Burns JW & Co. Inc. NY owns $1.95M worth of stock in Intercontinental Exchange, Inc. (NYSE:ICE)

Burns JW & Co. Inc. NY reduced its holdings in Intercontinental Exchange, Inc. (NYSE:ICE – Free Report) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,121 shares of the financial services provider’s stock after selling 900 shares during the quarter. Burns JW & Co holdings. Inc. NY in Intercontinental Exchange were worth $1,947,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of Intercontinental Exchange by 35.0% in the 4th 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 buying an additional 4,251,371 shares in the last quarter. Point72 Europe London LLP boosted its holdings in shares of Intercontinental Exchange by 10.9% in the 4th quarter. Point72 Europe London LLP now owns 66,300 shares of the financial services provider’s stock worth $8,515,000 after purchasing an additional 6,500 shares during the last quarter. Perpetual Ltd boosted its holdings in shares of Intercontinental Exchange by 0.4% in the first quarter. Perpetual Ltd now owns 1,487,993 shares of the financial services provider’s stock valued at $204,495,000 after acquiring an additional 6,272 shares during the last quarter. Assenagon Asset Management SA boosted its holdings in shares of Intercontinental Exchange by 819.7% in the second quarter. Assenagon Asset Management SA now owns 137,074 shares of the financial services provider’s stock worth $18,764,000 after purchasing an additional 122,169 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Intercontinental Exchange by 7.0% in the first quarter. Russell Investments Group Ltd. now owns 317,544 shares of the financial services provider’s stock valued at $43,617,000 after purchasing an additional 20,802 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s shares.

Intercontinental Stock Exchange down 0.3%

Shares of ICE traded down $0.50 during trading on Friday, hitting $162.76. 2,233,038 shares of the stock exchanged hands, compared to its average volume of 2,495,323. The company’s 50-day moving average is $158.16 and its 200-day moving average is $144.36. The firm has a market cap of $93.36 billion, a P/E ratio of 37.33, a price-to-earnings-growth 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 12-month low of $104.49 and a 12-month high of $164.18.

Intercontinental Exchange (NYSE:ICE – Get Free Report ) last posted its 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. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. Intercontinental Exchange’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period last year, the business earned $1.43 EPS. As a group, research analysts forecast that Intercontinental Exchange, Inc. will post 6.04 EPS for the current year.

Analysts set new price targets

ICE has been the subject of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Friday. Bank of America raised their price objective on Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Thursday. Raymond James upped their price objective on Intercontinental Exchange from $174.00 to $185.00 and gave the company a “strong-buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on Intercontinental Exchange from $151.00 to $171.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average target price of $167.80, according to data from MarketBeat.

Get the latest stock report on Intercontinental Exchange

Indoor activity

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 602 shares of the business’s 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 transaction, the insider now directly owns 14,034 shares in the company, valued at approximately $2,284,875.54. This trade represents a 0.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 602 shares of Intercontinental Exchange 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 transaction, the insider now directly owns 14,034 shares of the company’s stock, valued at $2,284,875.54. The trade was a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, CEO Jeffrey C. Sprecher sold 58,389 shares of Intercontinental Exchange stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $141.68, for a total transaction of $8,272,553.52. Following the transaction, the chief executive officer now directly owns 1,179,993 shares in the company, valued at $167,181,408.24. This represents a 0.00 % decrease in ownership of the shares. The disclosure for this sale can be found here. Insiders have sold 68,316 shares of company stock worth $9,835,609 over the last 90 days. 1.10% of shares are currently held by corporate insiders.

Intercontinental Exchange profile

(Free report)

Intercontinental Exchange, Inc, together with its subsidiaries, is engaged in providing market infrastructure, data services and technology solutions to financial institutions, corporations and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel and Canada.

See Also

Want to see what other hedge funds own ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Intercontinental Exchange, Inc. (NYSE:ICE – Free Report).

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