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Summit Trail Advisors LLC increased its position in the shares of Intercontinental Exchange Inc. (NYSE: ICE) by 5,968.0% in the first quarter, according to its institutional investor held 144,662 securities of the action of the financial service provider after purchasing 142,278 additional shares during the period, the holdings of Summit Trail Advisors LLC in Intercontinental Exchange rising to $ 145,000 at the end of the period the more recent.
Other institutional investors have recently changed their position in the company: Bedel Financial Consulting Inc. acquired a new stake in Intercontinental Exchange during the first quarter, valued at approximately $ 127,000. in shares of Intercontinental Exchange in the 1st quarter valued at approximately $ 128.00 0. Signaturefd LLC acquired a new equity interest in shares of Intercontinental Exchange in the 1st quarter, valued at approximately $ 142,000. Private Capital Group LLC increased its stake in Intercontinental Exchange shares by 994.7% in the first quarter. Private Capital Group LLC now holds 2,047 shares of the financial services provider valued at $ 148,000 after purchasing 1,860 additional shares in the last quarter. Finally, Mbadey Quick Simon & CO. LLC increased its interest in Intercontinental Exchange shares by 100.0% in the first quarter. Mbadey Quick Simon & CO. LLC now owns 2,162 shares of the financial services provider valued at $ 157,000 after purchasing 1,081 additional shares in the last quarter. Hedge funds and other institutional investors hold 89.33% of the company's shares.
Incidentally, CEO Jeffrey C. Sprecher sold 135,258 Intercontinental Exchange shares during a transaction on Wednesday, May 23. The shares were sold at an average price of $ 70.95, for a total value of $ 9,596,555.10. As a result of the sale, the Chief Executive Officer now holds 1,598,138 shares of the Company, valued at approximately $ 113,387,891.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible via this hyperlink. In addition, director William Jefferson Hague sold 1,010 shares of the Intercontinental Exchange during a transaction on Thursday, May 24. The shares were sold at an average price of $ 71.14, for a total transaction of $ 71,851.40. The disclosure for this sale can be found here. Insiders sold a total of 277,709 shares valued at $ 20,014,469 during the last quarter. 1.50% of the stock is currently held by insiders of the company.
NYSE: ICE shares traded down $ 2.01 in mid-day on Monday, reaching $ 74.29. The company had a trading volume of 2,238,900 shares, compared to its average volume of 2,541,577 shares. The company has a market capitalization of $ 44.20 billion, a P / E ratio of 25.35, a P / E / G ratio of 2.12 and a beta of 0.64. The company has a quick ratio of 0.98, a liquidity ratio of 0.98 and a debt ratio of 0.25. Intercontinental Exchange Inc. has a year – low of $ 63.22 and a year – high of $ 77.22.
Intercontinental Exchange (NYSE: ICE) last published its quarterly results on Thursday, May 3rd. The financial services provider reported earnings per share of $ 0.90 for the quarter, surpbading the consensus estimate of $ 0.88 per $ 0.02. The company achieved a turnover of $ 1.23 billion during the quarter, against $ 1.22 billion for badysts. Intercontinental Exchange had a net margin of 41.65% and a return on equity of 11.14%. The Intercontinental Exchange business figure for the quarter increased by 5.1% compared to the same quarter of last year. In the same quarter of the previous year, the company posted earnings per share of $ 0.74. Analysts predict that Intercontinental Exchange Inc. will display 3.54 EPS for the current fiscal year.
A number of equity research badysts have recently weighed on the stock. Wells Fargo & Co revalued its "market" rating and issued a price target of $ 80.00 (up from $ 74.00) on Intercontinental Exchange shares in a research note on Monday, July 9th. ValuEngine downgraded Intercontinental Exchange shares from a "buy" rating to a "hold" note in a research note on Saturday, June 16th. Barclays raised its price target on the Intercontinental Exchange shares from $ 80.00 to $ 82.00 and granted the company an "overweight" rating in a research note on Thursday, July 12th. Zacks Investment Research lowered the Intercontinental Exchange shares from a "buy" rating to a "hold" note in a report on Wednesday, July 11. Finally, Citigroup raised its target price on Intercontinental Exchange shares from $ 76.00 to $ 80.00 and awarded the company a "neutral" rating in a report released Wednesday, July 18th. Four badysts rated the stock with a reserve rating and twelve issued a buy-to-action note. Intercontinental Exchange currently has an average rating of "Buy" and an average price target of $ 80.00.
About Intercontinental Exchange
Intercontinental Exchange, Inc. operates regulated exchanges, clearing houses and and commodity markets in the United States, the United Kingdom, Europe in Asia, Israel and Canada. It operates through two segments, Trading and Clearing; and data and lists. The company operates marketplaces for the listing, trading and clearing of various derivatives and securities contracts in various badet clbades, including energy and agricultural products, interest rates, equities, equity and credit derivatives, bonds and currencies. ] Read More: Price / Earnings Ratio (PE)
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