TFR Capital LLC. Invests $1.54 Million in Intercontinental Exchange Inc. $ICE

TFR Capital LLC. bought a new position in Intercontinental Exchange Inc. (NYSE:ICE) during the second quarter, according to its most recent filing with the SEC. The firm bought 12,486 shares of the financial services provider’s stock, valued at approximately $1,537,000.

Other hedge funds have also bought and sold shares of the company. Ares Financial Consulting LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at $25,000. Brooklands Fund Management Ltd acquired a new position in shares of Intercontinental Exchange during the fourth quarter valued at about $28,000. Swiss RE Ltd. acquired a new position in shares of Intercontinental Exchange during the fourth quarter valued at about $28,000. Lloyd Advisory Services LLC. bought a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $30,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Weiss Ratings downgraded Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. The Goldman Sachs Group decreased their price objective on Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Morgan Stanley lowered their price objective on 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, Rothschild & Co Redburn set a $177.00 target price on Intercontinental Exchange in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $183.33.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $154.55 on Friday. The firm has a 50-day moving average of $140.59 and a 200-day moving average of $152.26. The company has a market cap of $86.76 billion, a P/E ratio of 21.83, a P/E/G ratio of 1.52 and a beta of 0.92. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange Inc. has a one year low of $121.79 and a one year high of $182.86.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same period last year, the firm earned $1.81 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. Equities research analysts forecast that Intercontinental Exchange Inc. will post 8.1 EPS for the current fiscal year.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, Director Sharon Bowen sold 667 shares of Intercontinental Exchange 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 transaction, the director owned 15,077 shares of the company’s stock, valued at $2,280,848.56. This trade represents a 4.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Douglas Foley sold 7,300 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $148.88, for a total value of $1,086,824.00. Following the completion of the transaction, the senior vice president owned 19,063 shares in the company, valued at $2,838,099.44. The trade was a 27.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 20,725 shares of company stock worth $3,115,124. Company insiders own 0.84% of the company’s stock.

About Intercontinental Exchange

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.