Capital Advisors Ltd. LLC Has $476,000 Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Capital Advisors Ltd. LLC grew its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,462 shares of the financial services provider’s stock after acquiring an additional 89 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Intercontinental Exchange were worth $476,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ICE. Woodmont Investment Counsel LLC bought a new stake in Intercontinental Exchange during the 1st quarter worth approximately $245,000. Allspring Global Investments Holdings LLC increased its stake in Intercontinental Exchange by 3.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,279,484 shares of the financial services provider’s stock worth $175,839,000 after purchasing an additional 43,499 shares in the last quarter. Oak Thistle LLC bought a new stake in Intercontinental Exchange during the 1st quarter worth approximately $866,000. Hexagon Capital Partners LLC increased its stake in Intercontinental Exchange by 34.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 727 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 186 shares in the last quarter. Finally, LVW Advisors LLC increased its stake in Intercontinental Exchange by 6.9% during the 1st quarter. LVW Advisors LLC now owns 2,184 shares of the financial services provider’s stock worth $300,000 after purchasing an additional 141 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 341 shares of the firm’s stock in a transaction on 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 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 Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Intercontinental Exchange, Inc bought 350,880 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was bought at an average price of $0.87 per share, with a total value of $305,265.60. Following the completion of the acquisition, the insider now owns 649,934 shares of the company’s stock, valued at $565,442.58. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Andrew J. Surdykowski sold 341 shares of Intercontinental Exchange stock in a transaction on Friday, April 26th. The stock was sold at an average price of $131.74, for a total value of $44,923.34. Following the sale, the general counsel now directly owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The disclosure for this sale can be found here. Insiders sold 4,506 shares of company stock valued at $609,374 in the last quarter. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Trading Up 2.8 %

NYSE ICE opened at $140.82 on Wednesday. The stock has a 50 day moving average of $134.62 and a 200-day moving average of $133.00. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $140.98. The company has a market cap of $80.77 billion, a PE ratio of 32.30, a PEG ratio of 2.55 and a beta of 1.06. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76.

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. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the firm posted $1.41 EPS. The company’s quarterly revenue was up 20.8% on a year-over-year basis. On average, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 5.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ICE has been the subject of several research reports. Barclays decreased their price target on shares of Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Tuesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $164.00 price target on shares of Intercontinental Exchange in a research note on Friday, May 3rd. Keefe, Bruyette & Woods decreased their price target on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Finally, Morgan Stanley raised their price target on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $151.29.

Intercontinental Exchange 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.