Fiduciary Alliance LLC Purchases 6,991 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Fiduciary Alliance LLC raised its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 40.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,093 shares of the financial services provider’s stock after purchasing an additional 6,991 shares during the quarter. Fiduciary Alliance LLC’s holdings in Intercontinental Exchange were worth $3,590,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Wolff Wiese Magana LLC boosted its holdings in shares of Intercontinental Exchange by 1,470.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 147 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at about $26,000. Financial Management Professionals Inc. boosted its holdings in shares of Intercontinental Exchange by 106.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 87 shares during the last quarter. Fairscale Capital LLC purchased a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at about $25,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at about $29,000. 89.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ICE has been the topic of a number of recent analyst reports. Bank of America raised their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Barclays dropped their price objective on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a report on Monday. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Finally, Piper Sandler lifted their price target on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average price target of $174.53.

Insider Buying and Selling at Intercontinental Exchange

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

Intercontinental Exchange Trading Up 0.2 %

ICE stock traded up $0.26 during mid-day trading on Monday, reaching $143.06. 315,667 shares of the stock traded hands, compared to its average volume of 2,559,401. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $167.99. The stock has a market capitalization of $82.14 billion, a PE ratio of 33.90, a PEG ratio of 2.57 and a beta of 1.10. The business has a 50-day moving average price of $154.09 and a two-hundred day moving average price of $155.43.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the business posted $1.46 earnings per share. The business’s revenue was up 17.3% compared to the same quarter last year. Equities research analysts expect that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Intercontinental Exchange Company 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.