Blair William & Co. IL Has $136.93 Million Stake in Intercontinental Exchange Inc (NYSE:ICE)

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Blair William & Co. IL boosted its position in Intercontinental Exchange Inc (NYSE:ICE) by 0.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,695,662 shares of the financial services provider’s stock after buying an additional 7,831 shares during the period. Intercontinental Exchange makes up 0.9% of Blair William & Co. IL’s holdings, making the stock its 25th biggest holding. Blair William & Co. IL owned about 0.31% of Intercontinental Exchange worth $136,925,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC increased its stake in Intercontinental Exchange by 4.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 2,400 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 108 shares in the last quarter. MACRO Consulting Group increased its stake in Intercontinental Exchange by 0.5% in the fourth quarter. MACRO Consulting Group now owns 25,904 shares of the financial services provider’s stock valued at $2,397,000 after purchasing an additional 122 shares in the last quarter. Magellan Asset Management Ltd increased its stake in Intercontinental Exchange by 14.0% in the fourth quarter. Magellan Asset Management Ltd now owns 1,034 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 127 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Intercontinental Exchange by 3.7% in the first quarter. Sequoia Financial Advisors LLC now owns 3,621 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 129 shares in the last quarter. Finally, Argent Trust Co increased its stake in Intercontinental Exchange by 1.3% in the fourth quarter. Argent Trust Co now owns 10,366 shares of the financial services provider’s stock valued at $959,000 after purchasing an additional 132 shares in the last quarter. Institutional investors and hedge funds own 90.40% of the company’s stock.

A number of equities research analysts have issued reports on ICE shares. Berenberg Bank raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and upped their price objective for the stock from $101.00 to $106.00 in a research report on Monday, April 20th. Rosenblatt Securities reissued a “buy” rating and issued a $104.00 price target on shares of Intercontinental Exchange in a report on Friday, May 1st. UBS Group increased their price target on shares of Intercontinental Exchange from $106.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Wells Fargo & Co increased their price target on shares of Intercontinental Exchange from $95.00 to $101.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Oppenheimer decreased their price target on shares of Intercontinental Exchange from $106.00 to $103.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Intercontinental Exchange presently has an average rating of “Buy” and a consensus price target of $102.21.

Shares of ICE stock traded up $0.91 on Friday, hitting $93.77. 1,747,467 shares of the company’s stock traded hands, compared to its average volume of 2,658,635. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange Inc has a one year low of $63.51 and a one year high of $101.93. The company’s fifty day simple moving average is $89.14 and its 200 day simple moving average is $91.10. The stock has a market capitalization of $50.82 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 2.54 and a beta of 0.54.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, April 30th. The financial services provider reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.04. Intercontinental Exchange had a net margin of 29.65% and a return on equity of 13.85%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm earned $0.92 EPS. The firm’s quarterly revenue was up 22.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intercontinental Exchange Inc will post 4.49 earnings per share for the current fiscal year.

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 3,991 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $91.26, for a total transaction of $364,218.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey C. Sprecher sold 175,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $87.22, for a total transaction of $15,263,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 216,223 shares of company stock valued at $19,123,431 in the last three months. 1.50% of the stock is currently owned by corporate insiders.

About Intercontinental Exchange

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, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.

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

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