Embree Financial Group Increases Holdings in Intercontinental Exchange Inc. $ICE

Embree Financial Group raised its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,108 shares of the financial services provider’s stock after buying an additional 108 shares during the quarter. Embree Financial Group’s holdings in Intercontinental Exchange were worth $937,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ICE. Brighton Jones LLC raised its stake in Intercontinental Exchange by 51.3% during the fourth quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock valued at $514,000 after buying an additional 1,169 shares during the last quarter. State of Wyoming raised its stake in Intercontinental Exchange by 55.6% during the fourth quarter. State of Wyoming now owns 476 shares of the financial services provider’s stock valued at $71,000 after buying an additional 170 shares during the last quarter. Jefferies Financial Group Inc. raised its stake in shares of Intercontinental Exchange by 5.5% in the fourth quarter. Jefferies Financial Group Inc. now owns 2,459 shares of the financial services provider’s stock worth $366,000 after purchasing an additional 128 shares during the last quarter. Chancellor Financial Group WB LP purchased a new position in shares of Intercontinental Exchange in the fourth quarter worth $228,000. Finally, Central Pacific Bank Trust Division raised its stake in shares of Intercontinental Exchange by 13.1% in the first quarter. Central Pacific Bank Trust Division now owns 16,943 shares of the financial services provider’s stock worth $2,923,000 after purchasing an additional 1,961 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ICE. UBS Group boosted their price target on Intercontinental Exchange from $195.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Barclays boosted their price target on Intercontinental Exchange from $206.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Piper Sandler boosted their price target on Intercontinental Exchange from $180.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. boosted their price target on Intercontinental Exchange from $195.00 to $203.00 and gave the stock an “overweight” rating in a research note on Thursday. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $197.36.

Intercontinental Exchange Stock Down 0.5%

Intercontinental Exchange stock opened at $167.20 on Friday. The stock has a market cap of $95.71 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange Inc. has a one year low of $142.29 and a one year high of $189.35. The stock has a fifty day moving average of $178.56 and a 200 day moving average of $174.90.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.04. The business had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.52 earnings per share. As a group, sell-side analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Insiders Place Their Bets

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $175.62, for a total value of $280,992.00. Following the completion of the sale, the senior vice president owned 25,796 shares in the company, valued at $4,530,293.52. This represents a 5.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Judith A. Sprieser sold 2,900 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $174.51, for a total value of $506,079.00. Following the completion of the sale, the director owned 18,169 shares of the company’s stock, valued at approximately $3,170,672.19. The trade was a 13.76% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 231,669 shares of company stock valued at $42,333,438. 1.00% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.