First Business Financial Services Inc. Sells 250 Shares of Intercontinental Exchange Inc (NYSE:ICE)

First Business Financial Services Inc. lowered its position in shares of Intercontinental Exchange Inc (NYSE:ICE) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,084 shares of the financial services provider’s stock after selling 250 shares during the quarter. First Business Financial Services Inc.’s holdings in Intercontinental Exchange were worth $930,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ICE. Vanguard Group Inc. raised its holdings in shares of Intercontinental Exchange by 0.9% during the second quarter. Vanguard Group Inc. now owns 43,084,259 shares of the financial services provider’s stock valued at $3,702,660,000 after purchasing an additional 382,604 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Intercontinental Exchange by 3.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 39,511,852 shares of the financial services provider’s stock valued at $3,395,649,000 after purchasing an additional 1,501,237 shares during the period. BlackRock Inc. raised its holdings in shares of Intercontinental Exchange by 1.5% during the second quarter. BlackRock Inc. now owns 33,727,734 shares of the financial services provider’s stock valued at $2,898,562,000 after purchasing an additional 488,675 shares during the period. Invesco Ltd. raised its holdings in shares of Intercontinental Exchange by 143.0% during the second quarter. Invesco Ltd. now owns 6,510,255 shares of the financial services provider’s stock valued at $559,491,000 after purchasing an additional 3,831,538 shares during the period. Finally, Veritas Asset Management LLP raised its holdings in shares of Intercontinental Exchange by 5.3% during the third quarter. Veritas Asset Management LLP now owns 5,075,400 shares of the financial services provider’s stock valued at $468,307,000 after purchasing an additional 254,600 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of ICE traded down $0.17 on Friday, reaching $90.47. The company’s stock had a trading volume of 2,029,000 shares, compared to its average volume of 2,434,733. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.39. Intercontinental Exchange Inc has a twelve month low of $69.69 and a twelve month high of $95.56. The stock has a market capitalization of $49.79 billion, a PE ratio of 25.20, a PEG ratio of 2.77 and a beta of 0.49. The firm has a fifty day moving average of $92.85 and a 200-day moving average of $88.68.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.11. Intercontinental Exchange had a net margin of 31.97% and a return on equity of 12.79%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts anticipate that Intercontinental Exchange Inc will post 3.9 EPS for the current fiscal year.

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Several brokerages have recently weighed in on ICE. FIX began coverage on shares of Intercontinental Exchange in a report on Monday, September 16th. They set an “outperform” rating and a $100.00 price objective on the stock. Wells Fargo & Co reiterated a “hold” rating on shares of Intercontinental Exchange in a report on Thursday, October 31st. Compass Point set a $105.00 target price on shares of Intercontinental Exchange and gave the stock a “buy” rating in a report on Friday, November 1st. Citigroup set a $101.00 target price on shares of Intercontinental Exchange and gave the stock a “hold” rating in a report on Monday, October 21st. Finally, ValuEngine lowered shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $95.46.

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 40,000 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $92.41, for a total value of $3,696,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Charles A. Vice sold 10,000 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $92.70, for a total transaction of $927,000.00. The disclosure for this sale can be found here. Insiders sold a total of 123,040 shares of company stock worth $11,459,809 in the last 90 days. 1.50% of the stock is currently owned by company 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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