Picton Mahoney Asset Management Has $352,000 Stock Holdings in Intercontinental Exchange Inc (NYSE:ICE)

Picton Mahoney Asset Management lessened its holdings in shares of Intercontinental Exchange Inc (NYSE:ICE) by 6.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,100 shares of the financial services provider’s stock after selling 300 shares during the period. Picton Mahoney Asset Management’s holdings in Intercontinental Exchange were worth $352,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Next Capital Management LLC acquired a new position in Intercontinental Exchange in the 2nd quarter valued at approximately $26,000. Carroll Financial Associates Inc. grew its stake in shares of Intercontinental Exchange by 51.3% in the 2nd quarter. Carroll Financial Associates Inc. now owns 360 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 122 shares during the period. Arlington Partners LLC bought a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at approximately $34,000. Sandy Spring Bank grew its stake in shares of Intercontinental Exchange by 41.8% in the 2nd quarter. Sandy Spring Bank now owns 404 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 119 shares during the period. Finally, Capital Advisors Ltd. LLC bought a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at approximately $42,000. 90.15% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on ICE shares. Citigroup lowered Intercontinental Exchange from a “buy” rating to a “neutral” rating and upped their price objective for the company from $92.00 to $99.00 in a research note on Monday, July 22nd. Raymond James upped their price objective on Intercontinental Exchange from $89.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday, July 5th. Finally, ValuEngine upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $88.21.

NYSE ICE traded down $1.08 during trading hours on Friday, reaching $91.44. 2,020,501 shares of the company’s stock were exchanged, compared to its average volume of 1,977,716. The stock has a market cap of $51.85 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 3.00 and a beta of 0.50. Intercontinental Exchange Inc has a one year low of $69.69 and a one year high of $93.40. The firm has a fifty day moving average of $90.67 and a 200-day moving average of $82.21. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.40.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.02. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.85%. Intercontinental Exchange’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.90 EPS. As a group, research analysts forecast that Intercontinental Exchange Inc will post 3.78 EPS for the current year.

In related news, Director Vincent Tese sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $81.87, for a total transaction of $163,740.00. Following the sale, the director now directly owns 35,004 shares in the company, valued at approximately $2,865,777.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 40,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $92.41, for a total value of $3,696,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 164,355 shares of company stock worth $14,592,837. 1.50% of the stock is owned by corporate insiders.

Intercontinental Exchange Profile

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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