Geneos Wealth Management Inc. Boosts Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Geneos Wealth Management Inc. boosted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 4.5% during the 1st quarter, Holdings Channel reports. The firm owned 23,352 shares of the financial services provider’s stock after acquiring an additional 1,003 shares during the period. Geneos Wealth Management Inc.’s holdings in Intercontinental Exchange were worth $3,209,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB boosted its position in Intercontinental Exchange by 27.3% in the fourth quarter. Nordea Investment Management AB now owns 56,870 shares of the financial services provider’s stock worth $7,311,000 after purchasing an additional 12,208 shares during the last quarter. Wellington Management Group LLP boosted its position in Intercontinental Exchange by 35.0% in the fourth quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock worth $2,105,994,000 after purchasing an additional 4,251,371 shares during the last quarter. D.A. Davidson & CO. boosted its position in Intercontinental Exchange by 8.5% in the fourth quarter. D.A. Davidson & CO. now owns 25,328 shares of the financial services provider’s stock worth $3,253,000 after purchasing an additional 1,991 shares during the last quarter. Point72 Europe London LLP lifted its position in shares of Intercontinental Exchange by 10.9% during the 4th quarter. Point72 Europe London LLP now owns 66,300 shares of the financial services provider’s stock valued at $8,515,000 after buying an additional 6,500 shares during the last quarter. Finally, Perpetual Ltd lifted its position in shares of Intercontinental Exchange by 0.4% during the 1st quarter. Perpetual Ltd now owns 1,487,993 shares of the financial services provider’s stock valued at $204,495,000 after buying an additional 6,272 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In related news, CEO Jeffrey C. Sprecher sold 58,389 shares of Intercontinental Exchange stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $141.68, for a total transaction of $8,272,553.52. Following the transaction, the chief executive officer now directly owns 1,179,993 shares in the company, valued at $167,181,408.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Mayur Kapani sold 395 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $141.13, for a total value of $55,746.35. Following the transaction, the chief technology officer now directly owns 64,471 shares in the company, valued at $9,098,792.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 58,389 shares of Intercontinental Exchange stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $141.68, for a total value of $8,272,553.52. Following the completion of the sale, the chief executive officer now directly owns 1,179,993 shares in the company, valued at $167,181,408.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,290 shares of company stock worth $8,937,674. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Up 1.9 %

Shares of ICE traded up $2.74 on Thursday, reaching $147.15. The stock had a trading volume of 3,215,571 shares, compared to its average volume of 2,362,695. Intercontinental Exchange, Inc. has a 12-month low of $104.49 and a 12-month high of $147.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $84.40 billion, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06. The company has a 50-day simple moving average of $136.13 and a 200-day simple moving average of $133.81.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, hitting analysts’ consensus estimates of $1.48. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.41 EPS. Sell-side analysts predict that Intercontinental Exchange, Inc. will post 5.96 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on ICE shares. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and upped their price target for the company from $143.00 to $167.00 in a research report on Monday, July 1st. Barclays boosted their price objective on Intercontinental Exchange from $150.00 to $159.00 and gave the company an “overweight” rating in a research note on Wednesday. Bank of America decreased their price objective on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Citigroup boosted their price objective on Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $164.00 price objective on shares of Intercontinental Exchange in a research note on Friday, May 3rd. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $152.07.

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.