Baltimore Washington Financial Advisors Inc. increased its stake in Intercontinental Exchange Inc. (NYSE: ICE) by 2.1% in the second quarter, according to the most recent filing with the SEC. The fund held 89,181 shares in the financial services company's shares after purchasing 1,797 additional shares during the period. The interests of Baltimore Washington Financial Advisors Inc. in Intercontinental Exchange, $ 6,559,000 were worth from the most recent SEC application.
Other institutional investors and hedge funds have recently also increased or reduced their interests in the company. Kaizen Advisory LLC grew 143.4% in shares of Intercontinental Exchange in the second quarter. Kaizen Advisory LLC now holds 1,356 shares in the share capital of the financial services provider with a value of $ 100,000 after buying another 799 shares during the last quarter. Townsend & Associates Inc grew its position in shares of Intercontinental Exchange with 894.0% during the 2nd quarter. Townsend & Associates Inc now owns 1,650 shares in the financial services company's share capital with a value of $ 121,000 after buying 1,494 additional shares during the last quarter. Charm Financial Consulting Inc. bought in the first quarter a new participation in shares of Intercontinental Exchange worth about $ 127,000. Institutional & Family Asset Management LLC bought a new share of Intercontinental Exchange in the first quarter worth approximately $ 128,000. Finally, Mount Yale Investment Advisors LLC acquired a new stake in Intercontinental Exchange shares during the first quarter, worth approximately $ 130,000. 88.90% of the shares are held by institutional investors.
A number of brokers recently weighed on ICE. Citigroup increased their price target on Intercontinental Exchange shares from $ 76.00 to $ 80.00 and gave the company a "neutral" rating in a research report on Wednesday, July 18th. Zacks Investment Research lowered the Danish shares of Intercontinental Exchange from a & # 39; hold & # 39; credit to a & # 39; sell & # 39; rating in a research report on Tuesday 12 June. JPMorgan Chase & Co. set a price target of $ 83.00 on Intercontinental Exchange shares and gave the company a "buy" rating in a research report on Wednesday, May 2. Barclays strengthened their price target on Intercontinental Exchange shares from $ 80.00 to $ 82.00 and gave the company an "overweight" rating in a research report on Thursday, July 12. Finally, Wells Fargo & Co. confirmed a market performance & # 39; credit rating and set a price target of $ 80.00 (previously higher than $ 74.00) on Intercontinental Exchange shares in a research report on Monday, July 9th. Four research analysts assessed the shares with a hold rating and twelve gave a buy rating to the company. The stock has an average rating of "Buy" and a consensus target price of $ 80.00.
In other news, director William Jefferson Hague sold 1,010 shares of the company's shares in a transaction that took place on Thursday, May 24. The shares were sold at an average price of $ 71.14, for a total value of $ 71,851.40. The sale has been published in a document that has been filed with the Securities & Exchange Commission, which is available via this link. Vice-chairman Charles A. Vice also sold 35,000 shares of the company's shares in a transaction that took place on Wednesday 6 June. The stock was sold at an average price of $ 75.65 for a total transaction of $ 2,647,750.00. After the completion of the sale, the insider now owns 417,507 shares of the company's shares, valued at $ 31,584,404.55. The information for this sale can be found here. In the last 90 days, insiders sold 125,603 shares in company shares with a value of $ 9,281,267. 1.50% of the shares are owned by insiders.
NYSE ICE traded $ 0.26 on Wednesday and reached $ 73.40. The share had a trading volume of 2,145,320 shares, compared with the average volume of 2,277,680. Intercontinental Exchange Inc has a lowest point in one year of $ 63.93 and a highest point in one year of $ 77.22. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. The share has a market capitalization of $ 42.46 billion, a price-earnings ratio of 24.88, a price-earnings ratio of 2.16 and a beta of 0.64.
Intercontinental Exchange (NYSE: ICE) posted its results for the last time on Thursday 2 August. The financial services provider reported $ 0.90 EPS for the quarter, on top of the consensus estimate of $ 0.89 with $ 0.01. Intercontinental Exchange had a net margin of 41.83% and a return on equity of 11.45%. The company posted sales of $ 1.25 billion in the quarter compared to analysts' expectations of $ 1.24 billion. During the same quarter of the previous year, the company earned $ 0.75 EPS. The quarterly turnover of Intercontinental Exchange increased by 5.6% on an annual basis. stock research analysts expect Intercontinental Exchange Inc to book 3.48 per share for the current fiscal year.
Intercontinental Exchange profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses and locations for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel and Canada. It works through two segments Trading and Clearing; and data and offers. The company manages marketplaces to record, trade and clear a range of derivative and securities contracts in various asset classes, including energy and agricultural products, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds and currencies.
Recommended story: short selling
Receive news and ratings for Intercontinental Exchange Daily – Enter your e-mail address below to receive a concise, daily summary of the latest news and analyst ratings for Intercontinental Exchange and related companies with the FREE daily e-mail newsletter from MarketBeat.com.