Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by MBM Wealth Consultants LLC

MBM Wealth Consultants LLC grew its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,670 shares of the financial services provider’s stock after buying an additional 219 shares during the quarter. MBM Wealth Consultants LLC’s holdings in Intercontinental Exchange were worth $1,444,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. State Street Corp boosted its position in Intercontinental Exchange by 1.2% in the 3rd quarter. State Street Corp now owns 23,651,598 shares of the financial services provider’s stock worth $3,799,393,000 after purchasing an additional 281,503 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Intercontinental Exchange by 1.5% during the third quarter. Geode Capital Management LLC now owns 11,555,615 shares of the financial services provider’s stock worth $1,848,868,000 after buying an additional 169,922 shares in the last quarter. FMR LLC grew its position in Intercontinental Exchange by 44.1% during the third quarter. FMR LLC now owns 7,846,421 shares of the financial services provider’s stock valued at $1,260,449,000 after buying an additional 2,401,630 shares during the period. Parnassus Investments LLC increased its holdings in Intercontinental Exchange by 4.0% in the third quarter. Parnassus Investments LLC now owns 7,838,727 shares of the financial services provider’s stock valued at $1,259,213,000 after buying an additional 299,037 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Intercontinental Exchange by 8.0% in the third quarter. Franklin Resources Inc. now owns 5,265,020 shares of the financial services provider’s stock worth $865,455,000 after acquiring an additional 390,332 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

ICE has been the topic of a number of analyst reports. Morgan Stanley raised their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. StockNews.com cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Barclays reduced their target price on Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group lifted their price target on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $175.27.

Insider Buying and Selling

In related news, General Counsel Andrew J. Surdykowski sold 955 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was 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. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the transaction, the president now directly owns 156,163 shares in the company, valued at $24,986,080. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,795 shares of company stock worth $2,120,572. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Up 1.8 %

ICE opened at $151.79 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50 day simple moving average is $153.04 and its two-hundred day simple moving average is $155.79. The firm has a market capitalization of $87.15 billion, a price-to-earnings ratio of 35.97, a price-to-earnings-growth ratio of 2.85 and a beta of 1.10. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $167.99.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting 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 for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. Analysts expect that Intercontinental Exchange, Inc. will post 6.05 EPS 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.