Evernest Financial Advisors LLC Reduces Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Evernest Financial Advisors LLC lessened its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,065 shares of the financial services provider’s stock after selling 105 shares during the quarter. Evernest Financial Advisors LLC’s holdings in Intercontinental Exchange were worth $308,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Creative Planning raised its position in Intercontinental Exchange by 8.8% in the second quarter. Creative Planning now owns 54,262 shares of the financial services provider’s stock valued at $7,428,000 after purchasing an additional 4,393 shares during the period. EP Wealth Advisors LLC raised its holdings in shares of Intercontinental Exchange by 9.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 6,665 shares of the financial services provider’s stock valued at $912,000 after buying an additional 559 shares during the period. Advisory Alpha LLC lifted its stake in Intercontinental Exchange by 35.4% during the 2nd quarter. Advisory Alpha LLC now owns 2,042 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 534 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Intercontinental Exchange by 3.2% during the 2nd quarter. Cetera Investment Advisers now owns 63,902 shares of the financial services provider’s stock valued at $8,748,000 after acquiring an additional 2,006 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Intercontinental Exchange in the 2nd quarter valued at about $7,978,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, General Counsel Andrew J. Surdykowski sold 955 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total value of $149,056.40. Following the completion of the transaction, the general counsel now directly owns 44,702 shares of the company’s stock, valued at $6,977,088.16. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of the firm’s 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 owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,795 shares of company stock worth $2,120,572. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. The Goldman Sachs Group boosted their price objective on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. reduced their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Raymond James cut shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target for the company. in a report on Monday, October 14th. 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, Intercontinental Exchange has an average rating of “Moderate Buy” and an average price target of $175.27.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $159.45 on Friday. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $167.99. The stock’s 50-day moving average price is $153.10 and its 200 day moving average price is $156.33. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $91.55 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 3.01 and a beta of 1.10.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.46 earnings per share. As a group, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.05 EPS for the current year.

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.