Eagle Rock Investment Company LLC Has $2.08 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Eagle Rock Investment Company LLC lessened its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,948 shares of the financial services provider’s stock after selling 132 shares during the quarter. Eagle Rock Investment Company LLC’s holdings in Intercontinental Exchange were worth $2,078,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of Intercontinental Exchange by 8.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,631 shares of the financial services provider’s stock valued at $254,447,000 after acquiring an additional 144,018 shares during the period. Renaissance Technologies LLC increased its position in Intercontinental Exchange by 24.2% during the second quarter. Renaissance Technologies LLC now owns 216,957 shares of the financial services provider’s stock worth $29,699,000 after buying an additional 42,218 shares during the last quarter. Bradley Foster & Sargent Inc. CT raised its stake in Intercontinental Exchange by 57.5% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 4,425 shares of the financial services provider’s stock valued at $606,000 after buying an additional 1,615 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of Intercontinental Exchange by 37.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 31,728 shares of the financial services provider’s stock valued at $4,348,000 after buying an additional 8,714 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Intercontinental Exchange by 127.1% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,060 shares of the financial services provider’s stock worth $3,294,000 after acquiring an additional 13,465 shares during the period. 89.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ICE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods cut their target price on shares of Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley upped their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and an average target price of $175.20.

Intercontinental Exchange Price Performance

Shares of NYSE ICE opened at $150.11 on Friday. The stock has a market capitalization of $86.19 billion, a PE ratio of 35.57, a P/E/G ratio of 2.29 and a beta of 1.10. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $167.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The business has a fifty day moving average price of $153.47 and a two-hundred day moving average price of $155.48.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting analysts’ consensus estimates of $1.55. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. Intercontinental Exchange’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.46 earnings per share. As a group, equities analysts predict that Intercontinental Exchange, Inc. will post 6.06 earnings per share for the current fiscal year.

Insider Transactions at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 955 shares of Intercontinental Exchange stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total value of $149,056.40. Following the transaction, the general counsel now owns 44,702 shares in the company, valued at approximately $6,977,088.16. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the sale, the president now owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,533 shares of company stock valued at $1,196,279. Company insiders own 1.10% of the company’s stock.

About Intercontinental Exchange

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.