Nwam LLC Makes New $240,000 Investment in Intercontinental Exchange, Inc. (NYSE:ICE)

Nwam LLC purchased a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,494 shares of the financial services provider’s stock, valued at approximately $240,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ICE. Quintet Private Bank Europe S.A. lifted its holdings in Intercontinental Exchange by 13.8% during the third quarter. Quintet Private Bank Europe S.A. now owns 511 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 62 shares during the last quarter. Raleigh Capital Management Inc. lifted its stake in shares of Intercontinental Exchange by 26.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 302 shares of the financial services provider’s stock valued at $49,000 after buying an additional 63 shares in the last quarter. Integrated Advisors Network LLC lifted its stake in shares of Intercontinental Exchange by 4.0% during the 3rd quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider’s stock valued at $275,000 after buying an additional 66 shares in the last quarter. American National Bank boosted its holdings in Intercontinental Exchange by 13.8% in the 2nd quarter. American National Bank now owns 569 shares of the financial services provider’s stock worth $78,000 after buying an additional 69 shares during the period. Finally, Catalyst Capital Advisors LLC grew its stake in Intercontinental Exchange by 6.2% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,197 shares of the financial services provider’s stock valued at $192,000 after buying an additional 70 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Bank of America raised their price target on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price target on Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen began coverage on shares of Intercontinental Exchange in a research report on Thursday, September 26th. They issued a “buy” rating and a $182.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a report on Friday, November 1st. Finally, Barclays cut their price target on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $174.13.

Insider Buying and Selling at Intercontinental Exchange

In related news, CFO Warren Gardiner sold 750 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $161.43, for a total transaction of $121,072.50. Following the completion of the sale, the chief financial officer now directly owns 16,576 shares in the company, valued at $2,675,863.68. This represents a 4.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Stuart Glen Williams sold 468 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $76,195.08. Following the completion of the transaction, the chief operating officer now directly owns 13,530 shares in the company, valued at $2,202,819.30. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,868 shares of company stock worth $622,079 over the last three months. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $159.60 on Tuesday. The company has a market capitalization of $91.64 billion, a price-to-earnings ratio of 37.82, a PEG ratio of 2.63 and a beta of 1.08. The business has a 50 day moving average of $160.59 and a 200 day moving average of $151.34. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange, Inc. has a 1-year low of $111.82 and a 1-year high of $167.99.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.55. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The firm’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 EPS. On average, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Intercontinental Exchange Profile

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.