Family Management Corp Lowers Position in Intercontinental Exchange Inc (NYSE:ICE)

Share on StockTwits

Family Management Corp lowered its stake in shares of Intercontinental Exchange Inc (NYSE:ICE) by 2.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 26,136 shares of the financial services provider’s stock after selling 681 shares during the period. Family Management Corp’s holdings in Intercontinental Exchange were worth $1,990,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. CWM LLC lifted its holdings in Intercontinental Exchange by 6.4% during the first quarter. CWM LLC now owns 2,138 shares of the financial services provider’s stock worth $163,000 after buying an additional 128 shares during the period. Chemical Bank lifted its holdings in Intercontinental Exchange by 0.5% during the first quarter. Chemical Bank now owns 27,993 shares of the financial services provider’s stock worth $2,131,000 after buying an additional 129 shares during the period. Allred Capital Management LLC lifted its holdings in Intercontinental Exchange by 4.0% during the first quarter. Allred Capital Management LLC now owns 3,489 shares of the financial services provider’s stock worth $270,000 after buying an additional 133 shares during the period. Rosenbaum Jay D. lifted its holdings in Intercontinental Exchange by 1.8% during the first quarter. Rosenbaum Jay D. now owns 7,975 shares of the financial services provider’s stock worth $607,000 after buying an additional 140 shares during the period. Finally, Citizens Financial Group Inc RI lifted its holdings in Intercontinental Exchange by 4.6% during the first quarter. Citizens Financial Group Inc RI now owns 3,240 shares of the financial services provider’s stock worth $247,000 after buying an additional 143 shares during the period. Institutional investors own 89.12% of the company’s stock.

Shares of ICE opened at $84.57 on Friday. Intercontinental Exchange Inc has a 12 month low of $69.69 and a 12 month high of $86.78. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.40. The firm has a market cap of $48.20 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 2.77 and a beta of 0.48.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.98%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $0.90 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts forecast that Intercontinental Exchange Inc will post 3.75 earnings per share for the current year.

In related news, General Counsel Andrew J. Surdykowski sold 1,200 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $81.00, for a total value of $97,200.00. Following the transaction, the general counsel now directly owns 41,161 shares of the company’s stock, valued at approximately $3,334,041. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Lynn C. Martin sold 2,500 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $85.01, for a total value of $212,525.00. Following the completion of the transaction, the chief operating officer now directly owns 28,495 shares in the company, valued at $2,422,359.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 186,712 shares of company stock worth $14,843,289. 1.50% of the stock is owned by insiders.

A number of research firms have weighed in on ICE. ValuEngine upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Wells Fargo & Co increased their price objective on Intercontinental Exchange from $79.00 to $81.00 and gave the company a “market perform” rating in a report on Thursday, April 4th. Deutsche Bank decreased their price objective on Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating for the company in a report on Friday, March 15th. Bank of America set a $85.00 price objective on Intercontinental Exchange and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, Zacks Investment Research lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. Intercontinental Exchange currently has an average rating of “Buy” and a consensus price target of $85.55.

WARNING: This story was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/4371072/family-management-corp-lowers-position-in-intercontinental-exchange-inc-nyseice.html.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

Further Reading: Google Finance Portfolio Tips and Tricks

Want to see what other hedge funds are holding ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intercontinental Exchange Inc (NYSE:ICE).

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Symrise  PT Set at €94.00 by Deutsche Bank
Symrise PT Set at €94.00 by Deutsche Bank
Chipotle Mexican Grill  Trading Up 0.8%
Chipotle Mexican Grill Trading Up 0.8%
Urban&Civic’s  Buy Rating Reaffirmed at Numis Securities
Urban&Civic’s Buy Rating Reaffirmed at Numis Securities
DS Smith  PT Raised to GBX 350
DS Smith PT Raised to GBX 350
Sartorius  Upgraded to “Buy” at Zacks Investment Research
Sartorius Upgraded to “Buy” at Zacks Investment Research
Alaris Royalty  Given “Sector Perform” Rating at National Bank Financial
Alaris Royalty Given “Sector Perform” Rating at National Bank Financial


© 2006-2019 Ticker Report