Icon Wealth Advisors LLC Acquires 420 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Icon Wealth Advisors LLC lifted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,569 shares of the financial services provider’s stock after acquiring an additional 420 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Intercontinental Exchange were worth $1,698,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ICE. New Millennium Group LLC bought a new position in shares of Intercontinental Exchange in the second quarter valued at $25,000. International Assets Investment Management LLC acquired a new stake in Intercontinental Exchange during the 2nd quarter valued at $25,000. Fairscale Capital LLC bought a new position in Intercontinental Exchange during the second quarter worth $25,000. 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 during the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in shares of Intercontinental Exchange in the third quarter valued at about $26,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Price Performance

Shares of NYSE ICE opened at $161.19 on Friday. The company has a market capitalization of $92.55 billion, a PE ratio of 38.20, a P/E/G ratio of 2.66 and a beta of 1.08. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a twelve month low of $111.82 and a twelve month high of $167.99. The firm has a fifty day simple moving average of $160.59 and a 200 day simple moving average of $151.66.

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. 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 the consensus estimate of $2.35 billion. During the same period in the previous year, the business earned $1.46 EPS. The firm’s revenue was up 17.3% compared to the same quarter last year. On average, sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of recent research reports. Barclays lowered their price target on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. 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. JPMorgan Chase & Co. increased their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. 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 report on Thursday, October 3rd. Finally, StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday. One investment 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. Based on data from MarketBeat, Intercontinental Exchange has an average rating of “Moderate Buy” and an average target price of $174.13.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 468 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $76,195.08. Following the completion of the sale, the chief operating officer now owns 13,530 shares in the company, valued at approximately $2,202,819.30. The trade was a 3.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Warren Gardiner sold 750 shares of the company’s 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 owns 16,576 shares in the company, valued at $2,675,863.68. This represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,696 shares of company stock valued at $1,554,559. 1.10% of the stock is currently owned by company insiders.

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.