Wealthcare Advisory Partners LLC Raises Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Wealthcare Advisory Partners LLC raised its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 8.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,815 shares of the financial services provider’s stock after buying an additional 136 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Intercontinental Exchange were worth $249,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Intercontinental Exchange by 2.2% in the third quarter. Vanguard Group Inc. now owns 46,919,116 shares of the financial services provider’s stock valued at $5,162,041,000 after acquiring an additional 1,012,034 shares during the last quarter. Wellington Management Group LLP increased its holdings in Intercontinental Exchange by 35.0% in the fourth quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock valued at $2,105,994,000 after buying an additional 4,251,371 shares in the last quarter. Capital World Investors increased 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 valued at $1,238,559,000 after buying an additional 2,530,119 shares in the last quarter. Parnassus Investments LLC increased its holdings in Intercontinental Exchange by 23.8% in the fourth quarter. Parnassus Investments LLC now owns 8,429,851 shares of the financial services provider’s stock valued at $1,082,646,000 after buying an additional 1,621,737 shares in the last quarter. Finally, Norges Bank purchased a new position in Intercontinental Exchange in the fourth quarter valued at about $839,259,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Trading Up 0.0 %

NYSE ICE opened at $136.93 on Tuesday. Intercontinental Exchange, Inc. has a one year low of $104.49 and a one year high of $140.43. The company has a 50-day simple moving average of $134.52 and a 200-day simple moving average of $132.90. 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 firm has a market capitalization of $78.54 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06.

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

Insider Activity

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total transaction of $259,380.68. Following the completion of the transaction, the general counsel now directly owns 46,815 shares of the company’s stock, valued at approximately $6,397,737.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,388 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the sale, the chief executive officer now directly owns 1,179,895 shares in the company, valued at approximately $161,893,392.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Andrew J. Surdykowski sold 1,898 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total transaction of $259,380.68. Following the sale, the general counsel now owns 46,815 shares in the company, valued at $6,397,737.90. The disclosure for this sale can be found here. In the last three months, insiders sold 62,894 shares of company stock valued at $8,620,792. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ICE. Argus reaffirmed a “buy” rating and issued a $153.00 target price on shares of Intercontinental Exchange in a report on Tuesday, May 21st. Citigroup increased their target price on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, April 4th. The Goldman Sachs Group raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and increased their target price for the company from $143.00 to $167.00 in a report on Monday. Morgan Stanley raised their target price on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.29.

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.