Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC decreased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 3.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,208 shares of the financial services provider’s stock after selling 123 shares during the period. FSM Wealth Advisors LLC’s holdings in Intercontinental Exchange were worth $482,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in Intercontinental Exchange by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider’s stock valued at $5,647,000 after acquiring an additional 366 shares in the last quarter. M&T Bank Corp raised its position in shares of Intercontinental Exchange by 33.2% during the 3rd quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider’s stock worth $7,500,000 after purchasing an additional 11,648 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. lifted its stake in Intercontinental Exchange by 9.2% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 728,133 shares of the financial services provider’s stock valued at $108,515,000 after buying an additional 61,110 shares in the last quarter. Toronto Dominion Bank grew its holdings in Intercontinental Exchange by 1.6% during the 3rd quarter. Toronto Dominion Bank now owns 310,560 shares of the financial services provider’s stock valued at $49,888,000 after buying an additional 4,973 shares during the last quarter. Finally, Bright Rock Capital Management LLC purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at $4,470,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insiders Place Their Bets

In related news, General Counsel Andrew J. Surdykowski sold 955 shares of the business’s stock in a transaction dated 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 sale, the general counsel now directly owns 44,702 shares of the company’s stock, valued at $6,977,088.16. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,795 shares of company stock worth $2,120,572 in the last three months. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock opened at $159.82 on Monday. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month 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. The company has a market capitalization of $91.77 billion, a price-to-earnings ratio of 37.87, a price-to-earnings-growth ratio of 3.06 and a beta of 1.11. The firm’s fifty day moving average price is $153.12 and its 200 day moving average price is $156.49.

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. 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 analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the firm posted $1.46 earnings per share. The company’s revenue was up 17.3% compared to the same quarter last year. On average, research analysts forecast that Intercontinental Exchange, Inc. will post 6.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ICE has been the subject of several analyst reports. Morgan Stanley boosted their target price on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. reduced their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Keefe, Bruyette & Woods lowered their price objective on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Raymond James downgraded Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price on the stock. in a research report on Monday, October 14th. Finally, Barclays dropped their price objective on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $175.27.

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.