Greystone Managed Investments Inc. boosted its position in Intercontinental Exchange Inc. (NYSE:ICE) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 154,743 shares of the financial services provider’s stock after acquiring an additional 6,736 shares during the period. Greystone Managed Investments Inc.’s holdings in Intercontinental Exchange were worth $10,631,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Thompson Davis & CO. Inc. boosted its holdings in Intercontinental Exchange by 2.2% in the second quarter. Thompson Davis & CO. Inc. now owns 1,517 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 32 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in Intercontinental Exchange by 10.8% in the second quarter. IHT Wealth Management LLC now owns 185 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 18 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Intercontinental Exchange by 186.5% in the second quarter. Bessemer Group Inc. now owns 1,905 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 1,240 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new position in Intercontinental Exchange in the second quarter valued at about $128,000. Finally, First Personal Financial Services boosted its holdings in Intercontinental Exchange by 20.4% in the second quarter. First Personal Financial Services now owns 2,122 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 360 shares during the last quarter. Institutional investors and hedge funds own 89.24% of the company’s stock.
In other news, insider Charles A. Vice sold 12,500 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $68.52, for a total transaction of $856,500.00. Following the sale, the insider now owns 382,471 shares of the company’s stock, valued at $26,206,912.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Scott A. Hill sold 37,630 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $70.03, for a total value of $2,635,228.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 155,550 shares of company stock worth $10,414,330. 1.50% of the stock is currently owned by insiders.
Shares of Intercontinental Exchange Inc. (ICE) traded up $0.51 on Monday, reaching $66.59. The company’s stock had a trading volume of 2,811,500 shares, compared to its average volume of 2,653,652. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange Inc. has a 12-month low of $53.91 and a 12-month high of $71.24. The company has a market capitalization of $38,960.00, a PE ratio of 22.81, a P/E/G ratio of 2.47 and a beta of 0.68.
Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.02. Intercontinental Exchange had a return on equity of 11.01% and a net margin of 27.91%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the business earned $0.64 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. equities analysts expect that Intercontinental Exchange Inc. will post 2.95 earnings per share for the current fiscal year.
Intercontinental Exchange announced that its board has approved a share buyback program on Thursday, November 2nd that allows the company to buyback $1.20 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
Several equities analysts recently issued reports on ICE shares. Barclays PLC started coverage on Intercontinental Exchange in a report on Friday, September 8th. They issued an “overweight” rating and a $72.00 price target on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $73.00 price target on shares of Intercontinental Exchange in a report on Wednesday, August 23rd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $73.00 price target on shares of Intercontinental Exchange in a report on Sunday, October 8th. Zacks Investment Research cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Finally, Wells Fargo & Company raised their price target on Intercontinental Exchange from $65.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, October 5th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $73.30.
Intercontinental Exchange Profile
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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