Oppenheimer Asset Management Inc. Increases Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Oppenheimer Asset Management Inc. increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 27.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 118,365 shares of the financial services provider’s stock after acquiring an additional 25,426 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Intercontinental Exchange were worth $16,203,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of Intercontinental Exchange by 35.0% during the fourth quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock worth $2,105,994,000 after purchasing an additional 4,251,371 shares in the last quarter. D.A. Davidson & CO. increased its stake in Intercontinental Exchange by 8.5% during the 4th quarter. D.A. Davidson & CO. now owns 25,328 shares of the financial services provider’s stock worth $3,253,000 after buying an additional 1,991 shares during the period. Point72 Europe London LLP increased its stake in Intercontinental Exchange by 10.9% during the 4th quarter. Point72 Europe London LLP now owns 66,300 shares of the financial services provider’s stock worth $8,515,000 after buying an additional 6,500 shares during the period. Perpetual Ltd boosted its position in Intercontinental Exchange by 0.4% in the 1st quarter. Perpetual Ltd now owns 1,487,993 shares of the financial services provider’s stock valued at $204,495,000 after buying an additional 6,272 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Intercontinental Exchange by 819.7% during the second quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider’s stock valued at $18,764,000 after acquiring an additional 122,169 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ICE shares. Deutsche Bank Aktiengesellschaft boosted their price target on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Argus reiterated a “buy” rating and set a $153.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. The Goldman Sachs Group upgraded shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $143.00 to $167.00 in a research note on Monday, July 1st. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. Finally, StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $154.93.

Insider Activity

In related news, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total transaction of $259,380.68. Following the sale, the general counsel now directly owns 46,815 shares in the company, valued at $6,397,737.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total transaction of $259,380.68. Following the transaction, the general counsel now owns 46,815 shares in the company, valued at $6,397,737.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Warren Gardiner sold 750 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $161.43, for a total value of $121,072.50. Following the sale, the chief financial officer now directly owns 16,576 shares in the company, valued at approximately $2,675,863.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,096 shares of company stock valued at $9,593,983. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Up 0.1 %

Intercontinental Exchange stock opened at $161.36 on Friday. The firm has a 50-day moving average price of $154.20 and a two-hundred day moving average price of $141.97. Intercontinental Exchange, Inc. has a 52-week low of $104.49 and a 52-week high of $163.71. The firm has a market capitalization of $92.55 billion, a price-to-earnings ratio of 37.01, a PEG ratio of 2.81 and a beta of 1.08. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 EPS. Sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current year.

About Intercontinental Exchange

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.