Advisory Alpha LLC Acquires 271 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Advisory Alpha LLC grew its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,519 shares of the financial services provider’s stock after buying an additional 271 shares during the quarter. Advisory Alpha LLC’s holdings in Intercontinental Exchange were worth $375,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. MBM Wealth Consultants LLC grew its stake in Intercontinental Exchange by 2.3% in the fourth quarter. MBM Wealth Consultants LLC now owns 9,670 shares of the financial services provider’s stock worth $1,444,000 after purchasing an additional 219 shares in the last quarter. Simon Quick Advisors LLC grew its stake in Intercontinental Exchange by 6.6% in the fourth quarter. Simon Quick Advisors LLC now owns 4,013 shares of the financial services provider’s stock worth $598,000 after purchasing an additional 249 shares in the last quarter. Beaumont Financial Advisors LLC bought a new position in Intercontinental Exchange in the fourth quarter worth approximately $378,000. Commons Capital LLC grew its stake in Intercontinental Exchange by 1.2% in the fourth quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider’s stock worth $886,000 after purchasing an additional 69 shares in the last quarter. Finally, Alpha Cubed Investments LLC grew its stake in Intercontinental Exchange by 3.8% in the fourth quarter. Alpha Cubed Investments LLC now owns 85,573 shares of the financial services provider’s stock worth $12,751,000 after purchasing an additional 3,171 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ICE. Bank of America increased their price objective on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Keefe, Bruyette & Woods lowered their target price on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating for the company in a report on Monday, January 13th. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange has an average rating of “Moderate Buy” and a consensus target price of $175.27.

Intercontinental Exchange Stock Up 2.2 %

Intercontinental Exchange stock opened at $157.61 on Friday. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $167.99. The stock’s fifty day simple moving average is $152.92 and its 200-day simple moving average is $155.85. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $90.50 billion, a P/E ratio of 37.35, a P/E/G ratio of 2.90 and a beta of 1.10.

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, 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 business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the company earned $1.46 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. As a group, equities analysts expect that Intercontinental Exchange, Inc. will post 6.05 earnings per share for the current fiscal year.

Insider Transactions at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 5,661 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the transaction, the chief technology officer now owns 66,548 shares of the company’s stock, valued at $9,821,819.32. This represents a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 value 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. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,795 shares of company stock valued at $2,120,572. 1.10% of the stock is currently owned by company 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.