Intercontinental Exchange Inc (ICE) Shares Bought by Suntrust Banks Inc.

Suntrust Banks Inc. lifted its holdings in shares of Intercontinental Exchange Inc (NYSE:ICE) by 4.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,475 shares of the financial services provider’s stock after acquiring an additional 3,523 shares during the period. Suntrust Banks Inc.’s holdings in Intercontinental Exchange were worth $6,705,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Twin Capital Management Inc. grew its position in shares of Intercontinental Exchange by 1.0% during the first quarter. Twin Capital Management Inc. now owns 72,660 shares of the financial services provider’s stock worth $5,269,000 after acquiring an additional 710 shares during the last quarter. Wetherby Asset Management Inc. grew its position in shares of Intercontinental Exchange by 8.6% during the first quarter. Wetherby Asset Management Inc. now owns 9,142 shares of the financial services provider’s stock worth $663,000 after acquiring an additional 722 shares during the last quarter. Marcus Capital LLC grew its position in shares of Intercontinental Exchange by 4.6% during the first quarter. Marcus Capital LLC now owns 16,950 shares of the financial services provider’s stock worth $1,229,000 after acquiring an additional 750 shares during the last quarter. HighPoint Advisor Group LLC grew its position in shares of Intercontinental Exchange by 24.6% during the fourth quarter. HighPoint Advisor Group LLC now owns 3,884 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 767 shares during the last quarter. Finally, Green Square Capital LLC grew its position in Intercontinental Exchange by 9.3% in the 1st quarter. Green Square Capital LLC now owns 8,986 shares of the financial services provider’s stock valued at $652,000 after buying an additional 767 shares during the last quarter. Institutional investors and hedge funds own 88.65% of the company’s stock.

Intercontinental Exchange opened at $74.80 on Monday, MarketBeat reports. The stock has a market capitalization of $43.33 billion, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 2.03 and a beta of 0.62. Intercontinental Exchange Inc has a 1 year low of $63.22 and a 1 year high of $76.69. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.25.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.02. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. Intercontinental Exchange had a return on equity of 11.14% and a net margin of 41.65%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 earnings per share. equities research analysts anticipate that Intercontinental Exchange Inc will post 3.53 earnings per share for the current year.

ICE has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. ValuEngine upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Deutsche Bank lifted their price objective on shares of Intercontinental Exchange from $80.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, April 6th. Sanford C. Bernstein assumed coverage on shares of Intercontinental Exchange in a research report on Monday, April 9th. They issued an “outperform” rating and a $85.00 price objective on the stock. Finally, JPMorgan Chase & Co. set a $83.00 target price on shares of Intercontinental Exchange and gave the stock a “buy” rating in a research report on Wednesday, May 2nd. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Intercontinental Exchange has an average rating of “Buy” and a consensus target price of $78.80.

In other news, Vice Chairman Charles A. Vice sold 35,000 shares of the firm’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $70.56, for a total value of $2,469,600.00. Following the completion of the sale, the insider now directly owns 417,507 shares in the company, valued at approximately $29,459,293.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Vice Chairman Charles A. Vice sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $71.97, for a total value 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 276,511 shares of company stock valued at $19,843,421. 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 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.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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