Groesbeck Investment Management Corp NJ Has $471,000 Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Groesbeck Investment Management Corp NJ lessened its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 36.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,163 shares of the financial services provider’s stock after selling 1,800 shares during the quarter. Groesbeck Investment Management Corp NJ’s holdings in Intercontinental Exchange were worth $471,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ICE. Wolff Wiese Magana LLC raised its position in Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after buying an additional 147 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in Intercontinental Exchange in the 3rd quarter valued at approximately $26,000. Financial Management Professionals Inc. raised its position in Intercontinental Exchange by 106.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock valued at $27,000 after buying an additional 87 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Intercontinental Exchange in the 3rd quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Intercontinental Exchange during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ICE. JPMorgan Chase & Co. lowered their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Barclays lowered their price target on Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Raymond James lowered Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target on the stock. in a research report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $175.27.

Intercontinental Exchange Stock Performance

ICE opened at $159.37 on Wednesday. The business has a fifty day simple moving average of $153.14 and a 200 day simple moving average of $156.63. The company has a market capitalization of $91.50 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 3.06 and a beta of 1.11. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $167.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00.

Insider Activity at Intercontinental Exchange

In other news, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction on Monday, November 25th. The stock was 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 directly owns 156,163 shares in the company, valued at approximately $24,986,080. This represents a 3.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the sale, the chief operating officer now owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. The trade was a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,795 shares of company stock worth $2,120,572 in the last ninety days. 1.10% of the stock is 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.