Two Sigma Securities LLC Has $831,000 Stake in Intercontinental Exchange Inc. $ICE

Two Sigma Securities LLC raised its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 172.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,747 shares of the financial services provider’s stock after purchasing an additional 4,271 shares during the quarter. Two Sigma Securities LLC’s holdings in Intercontinental Exchange were worth $831,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ICE. PNC Financial Services Group Inc. raised its stake in shares of Intercontinental Exchange by 5.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 191,658 shares of the financial services provider’s stock worth $31,041,000 after acquiring an additional 10,742 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Intercontinental Exchange during the second quarter valued at approximately $6,245,085,000. USS Investment Management Ltd grew its stake in shares of Intercontinental Exchange by 37.2% during the first quarter. USS Investment Management Ltd now owns 946,920 shares of the financial services provider’s stock valued at $148,960,000 after purchasing an additional 256,851 shares during the last quarter. Walter Public Investments Inc. increased its holdings in shares of Intercontinental Exchange by 13.8% in the fourth quarter. Walter Public Investments Inc. now owns 124,993 shares of the financial services provider’s stock valued at $20,244,000 after purchasing an additional 15,129 shares in the last quarter. Finally, Nicholas Company Inc. increased its holdings in shares of Intercontinental Exchange by 10.1% in the fourth quarter. Nicholas Company Inc. now owns 437,155 shares of the financial services provider’s stock valued at $70,802,000 after purchasing an additional 40,240 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Trading Down 0.9%

NYSE ICE opened at $159.21 on Wednesday. Intercontinental Exchange Inc. has a 12 month low of $121.79 and a 12 month high of $177.00. The stock has a 50-day simple moving average of $146.01 and a 200 day simple moving average of $151.40. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $89.38 billion, a PE ratio of 22.49, a P/E/G ratio of 1.56 and a beta of 0.93.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. The firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.81 earnings per share. Research analysts forecast that Intercontinental Exchange Inc. will post 8.1 EPS for the current year.

Insiders Place Their Bets

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $160.00, for a total value of $256,000.00. Following the completion of the sale, the senior vice president owned 17,463 shares of the company’s stock, valued at approximately $2,794,080. This represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Warren Gardiner sold 2,491 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $156.30, for a total transaction of $389,343.30. Following the completion of the sale, the chief financial officer directly owned 22,698 shares of the company’s stock, valued at $3,547,697.40. The trade was a 9.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,141 shares of company stock worth $3,554,192 over the last ninety days. Company insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

ICE has been the topic of several research reports. UBS Group reaffirmed a “buy” rating and set a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Barclays reiterated an “overweight” rating and issued a $182.00 price target (up from $180.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. The Goldman Sachs Group dropped their price objective on Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Rothschild & Co Redburn set a $177.00 target price on shares of Intercontinental Exchange in a research note on Thursday, June 11th. Finally, Morgan Stanley lowered their price target on shares of Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $184.17.

Intercontinental Exchange Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.