Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. lowered its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 42.6% in the third quarter, HoldingsChannel reports. The fund owned 6,722 shares of the financial services provider’s stock after selling 4,990 shares during the quarter. Hantz Financial Services Inc.’s holdings in Intercontinental Exchange were worth $1,080,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ICE. Cetera Investment Advisers increased its stake in shares of Intercontinental Exchange by 230.2% during the 1st quarter. Cetera Investment Advisers now owns 61,896 shares of the financial services provider’s stock valued at $8,506,000 after acquiring an additional 43,149 shares during the last quarter. Cetera Advisors LLC increased its stake in shares of Intercontinental Exchange by 68.9% during the 1st quarter. Cetera Advisors LLC now owns 18,045 shares of the financial services provider’s stock valued at $2,480,000 after acquiring an additional 7,358 shares during the last quarter. Mather Group LLC. increased its stake in shares of Intercontinental Exchange by 7.5% during the 2nd quarter. Mather Group LLC. now owns 2,206 shares of the financial services provider’s stock valued at $303,000 after acquiring an additional 154 shares during the last quarter. Fragasso Financial Advisors Inc acquired a new stake in Intercontinental Exchange during the 2nd quarter worth approximately $204,000. Finally, Value Partners Investments Inc. increased its position in Intercontinental Exchange by 15.5% during the 2nd quarter. Value Partners Investments Inc. now owns 8,671 shares of the financial services provider’s stock worth $1,187,000 after purchasing an additional 1,162 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity

In related news, CFO Warren Gardiner sold 750 shares of the company’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 transaction of $121,072.50. Following the sale, the chief financial officer now directly owns 16,576 shares of the company’s stock, valued at approximately $2,675,863.68. This represents a 4.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher Scott Edmonds sold 602 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $98,011.62. Following the sale, the insider now directly owns 14,034 shares in the company, valued at approximately $2,284,875.54. This represents a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,696 shares of company stock worth $1,554,559. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock opened at $160.96 on Monday. The stock has a market cap of $92.42 billion, a P/E ratio of 38.14, a price-to-earnings-growth ratio of 2.66 and a beta of 1.08. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average of $160.62 and a 200-day moving average of $152.07. Intercontinental Exchange, Inc. has a 52 week low of $111.82 and a 52 week high of $167.99.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting the consensus estimate of $1.55. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business’s revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.46 EPS. On average, analysts expect that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ICE has been the subject of a number of research analyst reports. Bank of America increased their target price on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Morgan Stanley increased their target price on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. TD Cowen initiated coverage on shares of Intercontinental Exchange in a research report on Thursday, September 26th. They set a “buy” rating and a $182.00 target price for the company. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $168.00 target price on shares of Intercontinental Exchange in a research report 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 Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $174.13.

Intercontinental Exchange Company Profile

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.