Kingsview Wealth Management LLC Has $1.72 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Kingsview Wealth Management LLC raised its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 10,673 shares of the financial services provider’s stock after purchasing an additional 97 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Intercontinental Exchange were worth $1,715,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ICE. Wolff Wiese Magana LLC increased its holdings in shares of Intercontinental Exchange by 1,470.0% in the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 147 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in Intercontinental Exchange during the third quarter worth about $26,000. Financial Management Professionals Inc. grew its holdings in Intercontinental Exchange by 106.1% during the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 87 shares during the period. Fairscale Capital LLC bought a new stake in shares of Intercontinental Exchange in the second quarter worth about $25,000. Finally, Capital Performance Advisors LLP acquired a new stake in Intercontinental Exchange during the 3rd quarter worth approximately $29,000. 89.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Warren Gardiner sold 750 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $161.43, for a total transaction of $121,072.50. Following the completion of the transaction, the chief financial officer now directly owns 16,576 shares of the company’s stock, valued at $2,675,863.68. This represents a 4.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the sale, the general counsel now directly owns 44,865 shares in the company, valued at $7,159,108.05. This trade represents a 4.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,868 shares of company stock valued at $622,079. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods restated an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. Piper Sandler increased their target price on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Friday, November 1st. Finally, StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.13.

Intercontinental Exchange Trading Up 0.2 %

NYSE:ICE opened at $159.60 on Tuesday. Intercontinental Exchange, Inc. has a 52 week low of $111.82 and a 52 week high of $167.99. The firm has a 50-day moving average price of $160.59 and a two-hundred day moving average price of $151.34. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $91.64 billion, a price-to-earnings ratio of 37.82, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last issued 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. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the business posted $1.46 earnings per share. Intercontinental Exchange’s revenue was up 17.3% on a year-over-year basis. On average, equities analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

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.