Intercontinental Exchange Inc (ICE) Holdings Raised by Gryphon Financial Partners LLC

Gryphon Financial Partners LLC boosted its position in Intercontinental Exchange Inc (NYSE:ICE) by 2,545.0% in the third quarter, HoldingsChannel reports. The firm owned 5,872 shares of the financial services provider’s stock after buying an additional 5,650 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Intercontinental Exchange were worth $439,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Park Avenue Securities LLC bought a new stake in Intercontinental Exchange in the 3rd quarter worth about $216,000. Gulf International Bank UK Ltd boosted its stake in Intercontinental Exchange by 4.4% in the third quarter. Gulf International Bank UK Ltd now owns 195,662 shares of the financial services provider’s stock valued at $14,653,000 after acquiring an additional 8,200 shares during the last quarter. WINTON GROUP Ltd boosted its stake in Intercontinental Exchange by 1,276.0% in the third quarter. WINTON GROUP Ltd now owns 116,412 shares of the financial services provider’s stock valued at $8,718,000 after acquiring an additional 107,952 shares during the last quarter. Chicago Capital LLC boosted its stake in Intercontinental Exchange by 9.8% in the third quarter. Chicago Capital LLC now owns 543,004 shares of the financial services provider’s stock valued at $40,666,000 after acquiring an additional 48,579 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Intercontinental Exchange by 1.4% in the third quarter. CIBC Asset Management Inc now owns 67,485 shares of the financial services provider’s stock valued at $5,054,000 after acquiring an additional 948 shares during the last quarter. 88.99% of the stock is owned by institutional investors and hedge funds.

A number of research firms have weighed in on ICE. JPMorgan Chase & Co. set a $92.00 target price on shares of Intercontinental Exchange and gave the company a “buy” rating in a research note on Friday, November 2nd. Wells Fargo & Co boosted their target price on shares of Intercontinental Exchange from $80.00 to $81.00 and gave the company a “market perform” rating in a research note on Thursday, November 1st. Citigroup set a $80.00 target price on shares of Intercontinental Exchange and gave the company a “hold” rating in a research note on Thursday, November 1st. Barclays boosted their target price on shares of Intercontinental Exchange from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, November 1st. Finally, Raymond James boosted their target price on shares of Intercontinental Exchange from $81.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Intercontinental Exchange has an average rating of “Buy” and an average price target of $84.07.

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 80,000 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $73.28, for a total value of $5,862,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Charles A. Vice sold 35,000 shares of the stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $78.12, for a total transaction of $2,734,200.00. Following the completion of the sale, the insider now owns 419,907 shares in the company, valued at $32,803,134.84. The disclosure for this sale can be found here. Insiders sold a total of 288,819 shares of company stock worth $21,896,765 over the last quarter. Corporate insiders own 1.50% of the company’s stock.

NYSE ICE opened at $79.95 on Friday. Intercontinental Exchange Inc has a 1 year low of $65.28 and a 1 year high of $80.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $44.48 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 2.25 and a beta of 0.53.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Wednesday, October 31st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.05. Intercontinental Exchange had a net margin of 43.09% and a return on equity of 11.67%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the company posted $0.73 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, research analysts forecast that Intercontinental Exchange Inc will post 3.52 EPS for the current fiscal year.

Intercontinental Exchange declared that its Board of Directors has approved a share buyback program on Wednesday, October 31st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 4.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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