Forte Capital LLC ADV Sells 499 Shares of Intercontinental Exchange Inc (NYSE:ICE)

Forte Capital LLC ADV trimmed its stake in Intercontinental Exchange Inc (NYSE:ICE) by 2.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 20,739 shares of the financial services provider’s stock after selling 499 shares during the period. Forte Capital LLC ADV’s holdings in Intercontinental Exchange were worth $1,914,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Next Capital Management LLC purchased a new stake in shares of Intercontinental Exchange in the second quarter worth approximately $26,000. Carroll Financial Associates Inc. raised its holdings in shares of Intercontinental Exchange by 51.3% in the second quarter. Carroll Financial Associates Inc. now owns 360 shares of the financial services provider’s stock worth $30,000 after buying an additional 122 shares during the period. Arlington Partners LLC purchased a new stake in shares of Intercontinental Exchange in the second quarter worth approximately $34,000. Sandy Spring Bank raised its holdings in shares of Intercontinental Exchange by 41.8% in the second quarter. Sandy Spring Bank now owns 404 shares of the financial services provider’s stock worth $35,000 after buying an additional 119 shares during the period. Finally, Capital Advisors Ltd. LLC purchased a new stake in shares of Intercontinental Exchange in the second quarter worth approximately $42,000. 89.74% of the stock is owned by institutional investors and hedge funds.

In other news, Vice Chairman Charles A. Vice sold 15,000 shares of Intercontinental Exchange stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $89.76, for a total value of $1,346,400.00. Following the transaction, the insider now directly owns 408,153 shares in the company, valued at approximately $36,635,813.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 2,490 shares of Intercontinental Exchange stock in a transaction on Friday, July 26th. The shares were sold at an average price of $89.53, for a total value of $222,929.70. Following the completion of the transaction, the general counsel now owns 41,516 shares in the company, valued at $3,716,927.48. The disclosure for this sale can be found here. Insiders have sold a total of 140,115 shares of company stock worth $12,980,660 over the last 90 days. 1.50% of the stock is currently owned by company insiders.

Several equities research analysts have recently weighed in on ICE shares. Wells Fargo & Co increased their price target on Intercontinental Exchange from $90.00 to $95.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Raymond James increased their price target on Intercontinental Exchange from $89.00 to $94.00 and gave the stock an “outperform” rating in a report on Friday, July 5th. JPMorgan Chase & Co. increased their price target on Intercontinental Exchange from $97.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. Citigroup downgraded Intercontinental Exchange from a “buy” rating to a “neutral” rating and increased their price target for the stock from $92.00 to $99.00 in a report on Monday, July 22nd. Finally, ValuEngine downgraded Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. Intercontinental Exchange presently has a consensus rating of “Buy” and an average price target of $91.88.

ICE traded up $1.19 during trading on Wednesday, hitting $94.13. 1,830,080 shares of the stock were exchanged, compared to its average volume of 2,435,181. The firm has a 50 day simple moving average of $92.74 and a 200 day simple moving average of $86.26. The firm has a market cap of $52.68 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 3.09 and a beta of 0.50. Intercontinental Exchange Inc has a 1 year low of $69.69 and a 1 year high of $95.55. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.00 and a current ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.92 by $0.02. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.85%. Intercontinental Exchange’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.90 EPS. As a group, equities analysts anticipate that Intercontinental Exchange Inc will post 3.77 earnings per share for the current fiscal year.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

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

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