First Business Financial Services Inc. Sells 250 Shares of Intercontinental Exchange Inc (NYSE:ICE)

First Business Financial Services Inc. lowered its holdings in shares of Intercontinental Exchange Inc (NYSE:ICE) by 2.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 10,084 shares of the financial services provider’s stock after selling 250 shares during the period. First Business Financial Services Inc.’s holdings in Intercontinental Exchange were worth $930,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Intercontinental Exchange by 0.9% during the second quarter. Vanguard Group Inc. now owns 43,084,259 shares of the financial services provider’s stock worth $3,702,660,000 after acquiring an additional 382,604 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Intercontinental Exchange by 3.9% in the second 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 buying an additional 1,501,237 shares in the last quarter. BlackRock Inc. raised its position in shares of Intercontinental Exchange by 1.5% in the second quarter. BlackRock Inc. now owns 33,727,734 shares of the financial services provider’s stock valued at $2,898,562,000 after buying an additional 488,675 shares in the last quarter. Invesco Ltd. raised its position in shares of Intercontinental Exchange by 143.0% in the second quarter. Invesco Ltd. now owns 6,510,255 shares of the financial services provider’s stock valued at $559,491,000 after buying an additional 3,831,538 shares in the last quarter. Finally, Veritas Asset Management LLP raised its position in shares of Intercontinental Exchange by 5.3% in the third quarter. Veritas Asset Management LLP now owns 5,075,400 shares of the financial services provider’s stock valued at $468,307,000 after buying an additional 254,600 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $92.41, for a total transaction of $3,696,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO James W. Namkung sold 3,167 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $95.55, for a total transaction of $302,606.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 123,040 shares of company stock valued at $11,459,809. Company insiders own 1.50% of the company’s stock.

A number of equities research analysts have recently weighed in on ICE shares. Citigroup set a $101.00 price target on shares of Intercontinental Exchange and gave the company a “hold” rating in a research report on Monday, October 21st. FIX started coverage on shares of Intercontinental Exchange in a research report on Monday, September 16th. They issued an “outperform” rating and a $100.00 price target for the company. ValuEngine downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group set a $108.00 price target on shares of Intercontinental Exchange and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Barclays set a $104.00 price target on shares of Intercontinental Exchange and gave the company a “buy” rating in a research report on Sunday, November 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $95.46.

ICE traded down $0.17 during trading on Friday, hitting $90.47. 2,029,000 shares of the stock traded hands, compared to its average volume of 2,434,733. Intercontinental Exchange Inc has a twelve month low of $69.69 and a twelve month high of $95.56. The company has a market cap of $49.79 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 2.77 and a beta of 0.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50 day moving average price of $92.85 and a 200 day moving average price of $88.68.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.06 EPS for the quarter, beating the consensus estimate of $0.95 by $0.11. Intercontinental Exchange had a net margin of 31.97% and a return on equity of 12.79%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis. On average, equities research analysts predict that Intercontinental Exchange Inc will post 3.9 earnings per share for the current 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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