Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Creative Planning

Creative Planning boosted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 92.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,616 shares of the financial services provider’s stock after acquiring an additional 50,354 shares during the quarter. Creative Planning’s holdings in Intercontinental Exchange were worth $16,805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ICE. Fisher Asset Management LLC acquired a new stake in Intercontinental Exchange during the 4th quarter worth approximately $317,000. Ballentine Partners LLC raised its stake in shares of Intercontinental Exchange by 9.0% during the 1st quarter. Ballentine Partners LLC now owns 4,835 shares of the financial services provider’s stock worth $664,000 after buying an additional 399 shares in the last quarter. Global Assets Advisory LLC purchased a new position in shares of Intercontinental Exchange during the 1st quarter worth approximately $8,496,000. DLK Investment Management LLC raised its stake in shares of Intercontinental Exchange by 0.4% during the 1st quarter. DLK Investment Management LLC now owns 50,859 shares of the financial services provider’s stock worth $6,990,000 after buying an additional 194 shares in the last quarter. Finally, Chemistry Wealth Management LLC raised its stake in shares of Intercontinental Exchange by 3.7% during the 1st quarter. Chemistry Wealth Management LLC now owns 7,790 shares of the financial services provider’s stock worth $1,071,000 after buying an additional 277 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intercontinental Exchange

In other news, CAO James W. Namkung sold 1,043 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total transaction of $156,450.00. Following the sale, the chief accounting officer now owns 17,836 shares in the company, valued at $2,675,400. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Christopher Scott Edmonds sold 602 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the sale, the insider now owns 14,034 shares in the company, valued at $2,284,875.54. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO James W. Namkung sold 1,043 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total value of $156,450.00. Following the sale, the chief accounting officer now owns 17,836 shares in the company, valued at $2,675,400. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,532 shares of company stock worth $1,358,709. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $166.37 on Tuesday. The business’s fifty day moving average price is $160.80 and its two-hundred day moving average price is $146.53. The stock has a market cap of $95.43 billion, a PE ratio of 38.16, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a one year low of $104.49 and a one year high of $167.23.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. Intercontinental Exchange’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 EPS. On average, analysts forecast that Intercontinental Exchange, Inc. will post 6.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ICE. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Monday. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Friday, October 4th. JPMorgan Chase & Co. increased their target price on Intercontinental Exchange from $151.00 to $171.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Barclays increased their target price on Intercontinental Exchange from $167.00 to $179.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Finally, The Goldman Sachs Group raised their price objective on Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $172.80.

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.