822,982 Intercontinental Exchange Inc. $ICE Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 46.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 954,829 shares of the financial services provider’s stock after selling 822,982 shares during the quarter. Vontobel Holding Ltd.’s holdings in Intercontinental Exchange were worth $145,163,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ICE. James T. Borello RIA raised its position in shares of Intercontinental Exchange by 143.0% in the third quarter. James T. Borello RIA now owns 209 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 123 shares during the period. Rakuten Securities Inc. bought a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at about $26,000. Gables Capital Management Inc. purchased a new position in Intercontinental Exchange in the 2nd quarter worth approximately $31,000. Cornerstone Planning Group LLC grew its position in Intercontinental Exchange by 33.5% in the first quarter. Cornerstone Planning Group LLC now owns 271 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 68 shares in the last quarter. Finally, Burkett Financial Services LLC bought a new position in shares of Intercontinental Exchange during the 3rd quarter valued at about $41,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on ICE. TD Cowen raised their price target on Intercontinental Exchange from $166.00 to $167.00 and gave the stock a “hold” rating in a research report on Monday, October 12th. UBS Group reaffirmed a “buy” rating and issued a $195.00 price target (up from $190.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Morgan Stanley lifted their target price on shares of Intercontinental Exchange from $163.00 to $173.00 and gave the company an “equal weight” rating in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $178.00 price target (up from $169.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Finally, Raymond James Financial lowered their price target on Intercontinental Exchange from $218.00 to $211.00 and set a “strong-buy” rating for the company in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $186.31.

Insider Buying and Selling

In other news, General Counsel Andrew J. Surdykowski sold 4,574 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $161.77, for a total transaction of $739,935.98. Following the transaction, the general counsel directly owned 43,065 shares of the company’s stock, valued at $6,966,625.05. This represents a 9.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Douglas Foley sold 1,600 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $160.00, for a total value of $256,000.00. Following the completion of the transaction, the senior vice president owned 15,863 shares in the company, valued at approximately $2,538,080. This trade represents a 9.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 41,179 shares of company stock valued at $6,473,715 in the last ninety days. Corporate insiders own 0.84% of the company’s stock.

Intercontinental Exchange Stock Performance

NYSE:ICE traded up $2.84 during mid-day trading on Friday, reaching $161.25. The company’s stock had a trading volume of 2,876,562 shares, compared to its average volume of 2,750,752. 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 stock has a market cap of $90.52 billion, a P/E ratio of 22.78, a PEG ratio of 1.50 and a beta of 0.94. The firm’s fifty day moving average price is $156.49 and its two-hundred day moving average price is $150.87. Intercontinental Exchange Inc. has a 12-month low of $121.79 and a 12-month high of $176.05.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same period in the previous year, the business posted $1.81 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities analysts forecast that Intercontinental Exchange Inc. will post 8.19 EPS for the current fiscal year.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc (NYSE:ICE) operates global exchanges, clearinghouses, data services and technology platforms. The company provides marketplaces and infrastructure that support the trading, clearing and management of risk across financial and commodity markets.

Its businesses include the New York Stock Exchange, ICE Futures exchanges and ICE Clear clearinghouses. ICE offers trading and clearing services for equities, equity options, interest rates, currencies, energy, agricultural commodities, metals and other contracts.