Bowman & Co S.C. Boosts Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Bowman & Co S.C. grew its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 9.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,301 shares of the financial services provider’s stock after acquiring an additional 727 shares during the quarter. Bowman & Co S.C.’s holdings in Intercontinental Exchange were worth $1,136,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ICE. International Assets Investment Management LLC acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $6,334,000. Lindbrook Capital LLC lifted its stake in shares of Intercontinental Exchange by 26.4% in the fourth quarter. Lindbrook Capital LLC now owns 1,844 shares of the financial services provider’s stock worth $237,000 after buying an additional 385 shares in the last quarter. CWM LLC lifted its stake in shares of Intercontinental Exchange by 2.5% in the fourth quarter. CWM LLC now owns 12,240 shares of the financial services provider’s stock worth $1,572,000 after buying an additional 293 shares in the last quarter. Cetera Trust Company N.A purchased a new position in shares of Intercontinental Exchange in the fourth quarter worth about $58,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in shares of Intercontinental Exchange in the fourth quarter worth about $256,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ICE has been the topic of several research reports. The Goldman Sachs Group raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and raised their price target for the stock from $143.00 to $167.00 in a research note on Monday, July 1st. Citigroup lifted their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Barclays lifted their target price on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.93.

Intercontinental Exchange Stock Up 0.9 %

Shares of ICE stock traded up $1.41 during trading on Friday, reaching $160.01. The company’s stock had a trading volume of 2,632,441 shares, compared to its average volume of 2,468,567. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 1.01. The company has a market capitalization of $91.78 billion, a price-to-earnings ratio of 36.70, a P/E/G ratio of 2.68 and a beta of 1.06. The stock’s 50-day moving average price is $147.29 and its 200 day moving average price is $139.28. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $160.25.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The business’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 earnings per share. On average, research analysts anticipate that Intercontinental Exchange, Inc. will post 6 EPS for the current year.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, CAO James W. Namkung sold 1,043 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total transaction of $156,450.00. Following the completion of the transaction, the chief accounting officer now owns 17,836 shares in the company, valued at approximately $2,675,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Intercontinental Exchange news, CAO James W. Namkung sold 1,043 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total transaction of $156,450.00. Following the completion of the transaction, the chief accounting officer now owns 17,836 shares in the company, valued at approximately $2,675,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey C. Sprecher sold 58,389 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $141.68, for a total transaction of $8,272,553.52. Following the transaction, the chief executive officer now owns 1,179,993 shares of the company’s stock, valued at approximately $167,181,408.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,992 shares of company stock worth $9,197,801. Corporate insiders own 1.10% of the company’s stock.

About Intercontinental Exchange

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.