MetLife Investment Advisors LLC decreased its stake in Intercontinental Exchange Inc (NYSE:ICE) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,511 shares of the financial services provider’s stock after selling 4,724 shares during the period. MetLife Investment Advisors LLC’s holdings in Intercontinental Exchange were worth $12,541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Kaizen Advisory LLC grew its holdings in Intercontinental Exchange by 143.4% during the second quarter. Kaizen Advisory LLC now owns 1,356 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 799 shares during the period. Quad Cities Investment Group LLC bought a new stake in shares of Intercontinental Exchange during the second quarter worth approximately $104,000. Sun Life Financial INC boosted its holdings in shares of Intercontinental Exchange by 717.7% during the second quarter. Sun Life Financial INC now owns 1,570 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 1,378 shares during the period. Townsend & Associates Inc boosted its holdings in shares of Intercontinental Exchange by 894.0% during the second quarter. Townsend & Associates Inc now owns 1,650 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 1,484 shares during the period. Finally, Institutional & Family Asset Management LLC bought a new stake in shares of Intercontinental Exchange during the first quarter worth approximately $128,000. Institutional investors own 88.52% of the company’s stock.

In other news, insider David S. Goone sold 10,402 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $78.01, for a total transaction of $811,460.02. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Benjamin Jackson sold 2,860 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $77.88, for a total transaction of $222,736.80. The disclosure for this sale can be found here. Insiders have sold 299,017 shares of company stock worth $22,457,433 in the last ninety days. Insiders own 1.50% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Citigroup boosted their price objective on Intercontinental Exchange from $76.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, July 18th. Zacks Investment Research upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. FIX began coverage on shares of Intercontinental Exchange in a research report on Wednesday, September 5th. They issued a “buy” rating and a $88.00 price target for the company. Deutsche Bank lifted their price target on shares of Intercontinental Exchange from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. Finally, Barclays boosted their price objective on shares of Intercontinental Exchange from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday, July 12th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $81.69.

Shares of Intercontinental Exchange stock traded up $0.11 during trading on Friday, hitting $76.02. The company’s stock had a trading volume of 1,935,340 shares, compared to its average volume of 2,510,295. 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 Inc has a 52 week low of $64.91 and a 52 week high of $78.48. The stock has a market cap of $42.94 billion, a price-to-earnings ratio of 25.77, a P/E/G ratio of 2.18 and a beta of 0.65.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.01. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Intercontinental Exchange had a net margin of 41.83% and a return on equity of 11.45%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 earnings per share. As a group, equities analysts anticipate that Intercontinental Exchange Inc will post 3.48 earnings per share for the current fiscal year.

About Intercontinental Exchange

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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