B. Riley Wealth Advisors Inc. Sells 3,062 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

B. Riley Wealth Advisors Inc. trimmed its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 37.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,020 shares of the financial services provider’s stock after selling 3,062 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Intercontinental Exchange were worth $645,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ICE. Wellington Management Group LLP raised its stake in Intercontinental Exchange by 219.8% during the third quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider’s stock worth $1,336,371,000 after acquiring an additional 8,348,126 shares in the last quarter. Norges Bank bought a new stake in shares of Intercontinental Exchange in the 4th quarter valued at about $839,259,000. Capital World Investors raised its holdings in Intercontinental Exchange by 35.6% in the fourth quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider’s stock worth $1,238,559,000 after purchasing an additional 2,530,119 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Intercontinental Exchange by 303.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,381,314 shares of the financial services provider’s stock worth $305,832,000 after acquiring an additional 1,790,493 shares in the last quarter. Finally, Parnassus Investments LLC grew its position in shares of Intercontinental Exchange by 23.8% in the 4th quarter. Parnassus Investments LLC now owns 8,429,851 shares of the financial services provider’s stock valued at $1,082,646,000 after purchasing an additional 1,621,737 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 0.5 %

Shares of ICE opened at $137.84 on Friday. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $140.43. The stock has a fifty day moving average of $133.83 and a 200-day moving average of $132.02. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $79.06 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 2.55 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.48. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The company’s revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.41 EPS. As a group, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 5.96 earnings per share for the current fiscal year.

Insider Buying and Selling at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 341 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $131.74, for a total value of $44,923.34. Following the transaction, the general counsel now owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Judith A. Sprieser sold 2,238 shares of Intercontinental Exchange stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $137.36, for a total transaction of $307,411.68. Following the sale, the director now directly owns 29,347 shares in the company, valued at approximately $4,031,103.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Andrew J. Surdykowski sold 341 shares of Intercontinental Exchange stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $131.74, for a total transaction of $44,923.34. Following the completion of the sale, the general counsel now directly owns 48,713 shares in the company, valued at approximately $6,417,450.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,234 shares of company stock valued at $8,668,823. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ICE has been the subject of several research reports. Citigroup raised their price target on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Morgan Stanley increased their price target on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Bank of America cut their price objective on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Argus reissued a “buy” rating and set a $153.00 target price on shares of Intercontinental Exchange in a report on Tuesday, May 21st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $164.00 price target on shares of Intercontinental Exchange in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.29.

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.