Breiter Capital Management Inc. Invests $200,000 in Intercontinental Exchange (ICE) Stock

Breiter Capital Management Inc. bought a new stake in shares of Intercontinental Exchange (NYSE:ICE) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,763 shares of the financial services provider’s stock, valued at approximately $200,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Marcus Capital LLC lifted its position in Intercontinental Exchange by 4.6% during the first quarter. Marcus Capital LLC now owns 16,950 shares of the financial services provider’s stock valued at $1,229,000 after purchasing an additional 750 shares during the period. Aperio Group LLC lifted its position in Intercontinental Exchange by 2.6% during the first quarter. Aperio Group LLC now owns 290,711 shares of the financial services provider’s stock valued at $21,082,000 after purchasing an additional 7,404 shares during the period. Fiduciary Trust Co. acquired a new position in Intercontinental Exchange during the first quarter valued at $336,000. ETRADE Capital Management LLC lifted its position in Intercontinental Exchange by 2.3% during the first quarter. ETRADE Capital Management LLC now owns 34,843 shares of the financial services provider’s stock valued at $2,527,000 after purchasing an additional 778 shares during the period. Finally, Synovus Financial Corp lifted its position in Intercontinental Exchange by 17.8% during the first quarter. Synovus Financial Corp now owns 16,927 shares of the financial services provider’s stock valued at $1,232,000 after purchasing an additional 2,558 shares during the period. Institutional investors own 90.88% of the company’s stock.

ICE has been the subject of a number of research reports. Bank of America decreased their target price on shares of Intercontinental Exchange from $83.00 to $82.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. ValuEngine upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Argus restated a “buy” rating and set a $67.00 target price (down from $80.00) on shares of Intercontinental Exchange in a research report on Friday, February 9th. Berenberg Bank began coverage on shares of Intercontinental Exchange in a research report on Thursday, January 25th. They set a “buy” rating and a $90.00 target price for the company. Finally, JPMorgan Chase raised shares of Intercontinental Exchange from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $76.00 to $83.00 in a report on Tuesday, February 20th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $78.36.

Intercontinental Exchange opened at $71.42 on Monday, according to Marketbeat. Intercontinental Exchange has a fifty-two week low of $57.91 and a fifty-two week high of $76.30. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $41.37 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 1.95 and a beta of 0.64.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, May 3rd. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. Intercontinental Exchange had a net margin of 41.65% and a return on equity of 11.14%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company earned $0.74 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. equities analysts anticipate that Intercontinental Exchange will post 3.52 EPS for the current year.

In other news, Vice Chairman Charles A. Vice sold 50,000 shares of the business’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $71.97, for a total transaction of $3,598,500.00. Following the completion of the sale, the insider now owns 432,507 shares of the company’s stock, valued at $31,127,528.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Charles A. Vice sold 35,000 shares of the business’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $70.56, for a total transaction of $2,469,600.00. Following the sale, the insider now directly owns 417,507 shares of the company’s stock, valued at approximately $29,459,293.92. The disclosure for this sale can be found here. Insiders have sold 248,734 shares of company stock valued at $18,095,486 in the last three months. Corporate insiders own 1.50% of the company’s stock.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.

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.



Leave a Reply