Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC boosted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 3.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,305 shares of the financial services provider’s stock after acquiring an additional 114 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Intercontinental Exchange were worth $492,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ICE. AAFMAA Wealth Management & Trust LLC boosted its stake in shares of Intercontinental Exchange by 1.6% in the fourth quarter. AAFMAA Wealth Management & Trust LLC now owns 10,586 shares of the financial services provider’s stock valued at $1,577,000 after buying an additional 166 shares in the last quarter. Tealwood Asset Management Inc. grew its stake in shares of Intercontinental Exchange by 35.3% during the 4th quarter. Tealwood Asset Management Inc. now owns 15,396 shares of the financial services provider’s stock worth $2,294,000 after purchasing an additional 4,017 shares during the period. First Financial Corp IN increased its holdings in shares of Intercontinental Exchange by 176.8% in the 4th quarter. First Financial Corp IN now owns 418 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 267 shares in the last quarter. Benson Investment Management Company Inc. acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $5,174,000. Finally, PFW Advisors LLC purchased a new stake in Intercontinental Exchange during the fourth quarter worth about $2,481,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 955 shares of the stock in a transaction that occurred 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 owns 44,702 shares of the company’s stock, valued at approximately $6,977,088.16. This represents a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the transaction, the chief operating officer now directly owns 12,780 shares in the company, valued at approximately $1,955,212.20. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.

Intercontinental Exchange Price Performance

ICE opened at $145.13 on Wednesday. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $167.99. The company’s 50 day simple moving average is $153.62 and its 200 day simple moving average is $155.53. The stock has a market capitalization of $83.33 billion, a PE ratio of 34.39, a P/E/G ratio of 2.57 and a beta of 1.10. 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 (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 the consensus estimate 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 business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.46 EPS. As a group, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating for the company in a research report on Monday. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Barclays dropped their target price on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating for the company in a report on Monday. Piper Sandler increased their price target on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, TD Cowen started coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They set a “buy” rating and a $182.00 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus target price of $175.20.

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.