Intercontinental Exchange Inc (NYSE:ICE) Shares Bought by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. raised its stake in Intercontinental Exchange Inc (NYSE:ICE) by 10.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,154 shares of the financial services provider’s stock after acquiring an additional 563 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Intercontinental Exchange were worth $497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ICE. CI Investments Inc. raised its holdings in shares of Intercontinental Exchange by 9.8% in the fourth quarter. CI Investments Inc. now owns 4,155 shares of the financial services provider’s stock valued at $384,000 after buying an additional 371 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Intercontinental Exchange by 2.4% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 132,242 shares of the financial services provider’s stock valued at $12,239,000 after buying an additional 3,159 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Intercontinental Exchange by 2.5% in the fourth quarter. AQR Capital Management LLC now owns 709,230 shares of the financial services provider’s stock valued at $65,639,000 after buying an additional 17,439 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co raised its holdings in shares of Intercontinental Exchange by 15.6% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 3,700 shares of the financial services provider’s stock valued at $342,000 after buying an additional 500 shares during the last quarter. Finally, Financial Counselors Inc. raised its holdings in shares of Intercontinental Exchange by 4.4% in the first quarter. Financial Counselors Inc. now owns 30,621 shares of the financial services provider’s stock valued at $2,473,000 after buying an additional 1,279 shares during the last quarter. Institutional investors own 90.40% of the company’s stock.

A number of brokerages have recently commented on ICE. Rosenblatt Securities reaffirmed a “buy” rating and issued a $104.00 target price on shares of Intercontinental Exchange in a report on Friday, May 1st. Citigroup upped their target price on shares of Intercontinental Exchange from $93.00 to $102.00 and gave the company a “buy” rating in a report on Monday, April 20th. Bank of America reaffirmed a “buy” rating on shares of Intercontinental Exchange in a report on Tuesday, March 24th. Zacks Investment Research cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating and set a $105.00 price target for the company. in a report on Thursday, March 5th. Finally, Oppenheimer cut their price target on shares of Intercontinental Exchange from $106.00 to $103.00 and set an “outperform” rating for the company in a report on Monday, April 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Intercontinental Exchange currently has a consensus rating of “Buy” and a consensus target price of $102.21.

In other news, CEO Jeffrey C. Sprecher sold 175,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $87.22, for a total value of $15,263,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Andrew J. Surdykowski sold 3,991 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $91.26, for a total transaction of $364,218.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 216,223 shares of company stock valued at $19,123,431. 1.50% of the stock is currently owned by corporate insiders.

Intercontinental Exchange stock traded up $0.91 during mid-day trading on Friday, reaching $93.77. The company had a trading volume of 1,747,467 shares, compared to its average volume of 2,658,635. Intercontinental Exchange Inc has a 1 year low of $63.51 and a 1 year high of $101.93. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $50.82 billion, a P/E ratio of 25.01, a P/E/G ratio of 2.54 and a beta of 0.54. The stock’s 50-day simple moving average is $89.14 and its 200-day simple moving average is $91.10.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the company posted $0.92 earnings per share. The firm’s quarterly revenue was up 22.8% compared to the same quarter last year. On average, equities analysts forecast that Intercontinental Exchange Inc will post 4.49 EPS for the current fiscal year.

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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