Zeke Capital Advisors LLC Sells 1,192 Shares of Intercontinental Exchange Inc (NYSE:ICE)

Zeke Capital Advisors LLC lessened its holdings in shares of Intercontinental Exchange Inc (NYSE:ICE) by 9.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,852 shares of the financial services provider’s stock after selling 1,192 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Intercontinental Exchange were worth $1,001,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ICE. Nuveen Asset Management LLC increased its stake in Intercontinental Exchange by 17,275.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 5,039,683 shares of the financial services provider’s stock valued at $433,110,000 after purchasing an additional 5,010,678 shares in the last quarter. Veritas Asset Management LLP bought a new stake in Intercontinental Exchange during the 2nd quarter valued at $414,300,000. Invesco Ltd. increased its stake in Intercontinental Exchange by 143.0% during the 2nd quarter. Invesco Ltd. now owns 6,510,255 shares of the financial services provider’s stock valued at $559,491,000 after purchasing an additional 3,831,538 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Intercontinental Exchange by 3.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 39,511,852 shares of the financial services provider’s stock valued at $3,395,649,000 after purchasing an additional 1,501,237 shares in the last quarter. Finally, First Manhattan Co. increased its stake in Intercontinental Exchange by 349.7% during the 2nd quarter. First Manhattan Co. now owns 1,645,420 shares of the financial services provider’s stock valued at $141,407,000 after purchasing an additional 1,279,502 shares in the last quarter. Institutional investors and hedge funds own 89.72% of the company’s stock.

In related news, General Counsel Andrew J. Surdykowski sold 1,100 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $93.82, for a total value of $103,202.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Charles A. Vice sold 25,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $92.57, for a total value of $2,314,250.00. The disclosure for this sale can be found here. Insiders sold a total of 132,426 shares of company stock worth $12,273,272 over the last 90 days. 1.50% of the stock is currently owned by company insiders.

ICE has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Intercontinental Exchange from $97.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, September 18th. FIX began coverage on shares of Intercontinental Exchange in a report on Monday, September 16th. They set an “outperform” rating and a $100.00 price objective on the stock. Wells Fargo & Co boosted their price target on shares of 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 boosted their price target on shares of Intercontinental Exchange from $89.00 to $94.00 and gave the stock an “outperform” rating in a report on Friday, July 5th. Finally, Citigroup downgraded shares of Intercontinental Exchange from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $92.00 to $99.00 in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $91.88.

Shares of Intercontinental Exchange stock opened at $94.40 on Monday. Intercontinental Exchange Inc has a 52-week low of $69.69 and a 52-week high of $95.56. The stock’s 50-day simple moving average is $93.06 and its 200 day simple moving average is $87.15. The stock has a market capitalization of $52.84 billion, a P/E ratio of 26.30, a P/E/G ratio of 2.98 and a beta of 0.50. 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 announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.02. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.85%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the business posted $0.90 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities research analysts forecast that Intercontinental Exchange Inc will post 3.82 EPS for the current fiscal year.

Intercontinental Exchange 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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