Live Oak Private Wealth LLC Has $1.51 Million Stock Holdings in Intercontinental Exchange Inc. $ICE

Live Oak Private Wealth LLC increased its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 319.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,297 shares of the financial services provider’s stock after buying an additional 9,368 shares during the quarter. Live Oak Private Wealth LLC’s holdings in Intercontinental Exchange were worth $1,514,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ares Financial Consulting LLC bought a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $25,000. Brooklands Fund Management Ltd bought a new stake in Intercontinental Exchange in the 4th quarter valued at $28,000. Swiss RE Ltd. acquired a new position in shares of Intercontinental Exchange in the fourth quarter valued at $28,000. Steph & Co. raised its position in shares of Intercontinental Exchange by 104.7% in the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 89 shares during the period. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth about $30,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 0.1%

ICE opened at $151.33 on Thursday. The company’s 50 day moving average is $140.05 and its 200-day moving average is $152.37. Intercontinental Exchange Inc. has a 1-year low of $121.79 and a 1-year high of $183.65. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. The company has a market cap of $84.96 billion, a P/E ratio of 21.37, a PEG ratio of 1.49 and a beta of 0.92.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.06. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.Intercontinental Exchange’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $1.81 EPS. Equities research analysts predict that Intercontinental Exchange Inc. will post 8.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Intercontinental Exchange news, Director Sharon Bowen sold 667 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $151.28, for a total transaction of $100,903.76. Following the completion of the sale, the director owned 15,077 shares of the company’s stock, valued at approximately $2,280,848.56. This represents a 4.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Warren Gardiner sold 2,490 shares of Intercontinental Exchange stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $156.64, for a total transaction of $390,033.60. Following the transaction, the chief financial officer directly owned 25,189 shares of the company’s stock, valued at $3,945,604.96. This represents a 9.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 16,454 shares of company stock valued at $2,469,349. Corporate insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. The Goldman Sachs Group decreased their target price on Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. UBS Group reiterated a “buy” rating and set a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Weiss Ratings downgraded shares of Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Morgan Stanley dropped their price objective on shares of Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Finally, Barclays restated an “overweight” rating and set a $182.00 target price (up from $180.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.33.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.