Icon Wealth Advisors LLC Has $1.70 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Icon Wealth Advisors LLC grew its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,569 shares of the financial services provider’s stock after purchasing an additional 420 shares during the period. Icon Wealth Advisors LLC’s holdings in Intercontinental Exchange were worth $1,698,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ICE. Wolff Wiese Magana LLC increased its stake 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 worth $25,000 after purchasing an additional 147 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in Intercontinental Exchange in the third quarter worth $26,000. Financial Management Professionals Inc. boosted its stake 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 worth $27,000 after acquiring an additional 87 shares in the last quarter. Fairscale Capital LLC acquired a new position in Intercontinental Exchange during the second quarter valued at approximately $25,000. Finally, Capital Performance Advisors LLP acquired a new position in Intercontinental Exchange in the 3rd quarter valued at $29,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ICE. Morgan Stanley boosted their price objective on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. TD Cowen started coverage on Intercontinental Exchange in a research note on Thursday, September 26th. They set a “buy” rating and a $182.00 price target on the stock. Barclays reduced their price objective on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group boosted their target price 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, StockNews.com cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.13.

Intercontinental Exchange Stock Up 0.4 %

Shares of Intercontinental Exchange stock opened at $161.19 on Friday. The business has a fifty day simple moving average of $160.59 and a 200 day simple moving average of $151.66. The stock has a market cap of $92.55 billion, a PE ratio of 38.20, a price-to-earnings-growth 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 12 month low of $111.82 and a 12 month high of $167.99.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting the consensus estimate of $1.55. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.46 earnings per share. Research analysts predict that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Insider Buying and Selling

In other news, President Benjamin Jackson sold 5,828 shares of the 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 completion of the sale, the president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the sale, the general counsel now directly owns 44,865 shares in the company, valued at $7,159,108.05. This represents a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,696 shares of company stock valued at $1,554,559. 1.10% of the stock is owned by corporate insiders.

About Intercontinental Exchange

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.