78,207 Shares in Intercontinental Exchange Inc. $ICE Acquired by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd bought a new stake in Intercontinental Exchange Inc. (NYSE:ICE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 78,207 shares of the financial services provider’s stock, valued at approximately $9,628,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ICE. Brooklands Fund Management Ltd acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at $28,000. Swiss RE Ltd. acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $28,000. Lloyd Advisory Services LLC. acquired a new position in Intercontinental Exchange during the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. acquired a new position in Intercontinental Exchange during the second quarter valued at approximately $26,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Ratings Changes

ICE has been the topic of several analyst reports. The Goldman Sachs Group cut their target price on shares of Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Rothschild & Co Redburn set a $177.00 price objective on Intercontinental Exchange in a research report on Thursday, June 11th. Barclays restated an “overweight” rating and set a $182.00 target price (up from $180.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Wall Street Zen raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, TD Cowen reiterated a “buy” rating and issued a $177.00 price target (up from $159.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $183.33.

Insider Buying and Selling

In other news, CTO Mayur Kapani sold 4,271 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $151.20, for a total value of $645,775.20. Following the completion of the sale, the chief technology officer directly owned 67,988 shares in the company, valued at approximately $10,279,785.60. The trade was a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 4,574 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $161.77, for a total transaction of $739,935.98. Following the sale, the general counsel owned 43,065 shares in the company, valued at $6,966,625.05. The trade was a 9.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,141 shares of company stock valued at $3,554,192 in the last quarter. Corporate insiders own 0.84% of the company’s stock.

Intercontinental Exchange Stock Up 0.8%

Shares of ICE opened at $162.46 on Friday. The firm has a market cap of $91.20 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 1.57 and a beta of 0.92. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange Inc. has a 52 week low of $121.79 and a 52 week high of $177.76. The firm’s 50-day simple moving average is $144.90 and its 200 day simple moving average is $151.50.

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, topping the consensus estimate of $1.84 by $0.06. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same period last year, the firm posted $1.81 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts forecast that Intercontinental Exchange Inc. will post 8.1 earnings per share for the current year.

Intercontinental Exchange 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.