Strs Ohio Has $52.99 Million Position in Intercontinental Exchange Inc (NYSE:ICE)

Strs Ohio lessened its position in shares of Intercontinental Exchange Inc (NYSE:ICE) by 4.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 695,895 shares of the financial services provider’s stock after selling 33,504 shares during the period. Strs Ohio owned approximately 0.12% of Intercontinental Exchange worth $52,985,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Allred Capital Management LLC raised its position in Intercontinental Exchange by 4.0% during the first quarter. Allred Capital Management LLC now owns 3,489 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 133 shares in the last quarter. Rosenbaum Jay D. raised its position in Intercontinental Exchange by 1.8% during the first quarter. Rosenbaum Jay D. now owns 7,975 shares of the financial services provider’s stock valued at $607,000 after purchasing an additional 140 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Intercontinental Exchange by 46.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 460 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 145 shares in the last quarter. HCR Wealth Advisors raised its position in Intercontinental Exchange by 1.0% during the fourth quarter. HCR Wealth Advisors now owns 16,271 shares of the financial services provider’s stock valued at $1,226,000 after purchasing an additional 165 shares in the last quarter. Finally, Wetherby Asset Management Inc. raised its position in Intercontinental Exchange by 2.1% during the fourth quarter. Wetherby Asset Management Inc. now owns 8,615 shares of the financial services provider’s stock valued at $649,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Shares of NYSE ICE traded up $0.56 during midday trading on Friday, reaching $81.36. 1,627,951 shares of the company were exchanged, compared to its average volume of 2,631,363. The stock has a market cap of $45.56 billion, a PE ratio of 22.66, a PEG ratio of 2.63 and a beta of 0.50. Intercontinental Exchange Inc has a one year low of $69.33 and a one year high of $82.65. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Intercontinental Exchange had a net margin of 31.98% and a return on equity of 12.22%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 earnings per share. As a group, sell-side analysts predict that Intercontinental Exchange Inc will post 3.73 earnings per share for the current fiscal year.

In related news, CEO Jeffrey C. Sprecher sold 92,502 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $74.33, for a total value of $6,875,673.66. Following the sale, the chief executive officer now owns 1,553,471 shares of the company’s stock, valued at $115,469,499.43. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Benjamin Jackson sold 1,455 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $80.49, for a total transaction of $117,112.95. Following the completion of the sale, the president now directly owns 76,749 shares in the company, valued at approximately $6,177,527.01. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 215,457 shares of company stock worth $16,327,598. Insiders own 1.50% of the company’s stock.

Several brokerages have commented on ICE. Zacks Investment Research downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Monday, January 14th. Bank of America set a $85.00 price objective on shares of Intercontinental Exchange and gave the company a “buy” rating in a research report on Tuesday, April 9th. ValuEngine downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. Wells Fargo & Co boosted their price objective on shares of Intercontinental Exchange from $79.00 to $81.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. Finally, Citigroup upgraded shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and set a $75.63 price objective for the company in a research report on Tuesday, January 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $85.55.

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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, Asia, Israel, and Canada. It operates through 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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