Baltimore Washington Financial Advisors Inc. Has $25.40 Million Position in Intercontinental Exchange Inc. $ICE

Baltimore Washington Financial Advisors Inc. raised its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 7.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,461 shares of the financial services provider’s stock after purchasing an additional 9,330 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Intercontinental Exchange were worth $25,403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ICE. Brighton Jones LLC boosted its holdings in Intercontinental Exchange by 51.3% during the fourth quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 1,169 shares during the period. Cetera Investment Advisers lifted its position in shares of Intercontinental Exchange by 8.8% during the 1st quarter. Cetera Investment Advisers now owns 76,544 shares of the financial services provider’s stock worth $13,204,000 after purchasing an additional 6,164 shares during the last quarter. LPL Financial LLC boosted its stake in Intercontinental Exchange by 6.0% during the 1st quarter. LPL Financial LLC now owns 482,151 shares of the financial services provider’s stock valued at $83,171,000 after purchasing an additional 27,443 shares during the period. Fiera Capital Corp boosted its stake in Intercontinental Exchange by 20.8% during the 1st quarter. Fiera Capital Corp now owns 43,832 shares of the financial services provider’s stock valued at $7,561,000 after purchasing an additional 7,550 shares during the period. Finally, Meeder Advisory Services Inc. grew its holdings in Intercontinental Exchange by 17.4% in the 1st quarter. Meeder Advisory Services Inc. now owns 12,037 shares of the financial services provider’s stock valued at $2,076,000 after buying an additional 1,783 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Morgan Stanley dropped their target price on shares of Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 21st. Wall Street Zen downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Keefe, Bruyette & Woods upgraded shares of Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. Finally, UBS Group dropped their price objective on shares of Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $194.70.

Intercontinental Exchange Stock Up 0.3%

NYSE ICE opened at $156.46 on Thursday. The stock’s 50 day simple moving average is $157.04 and its 200 day simple moving average is $171.56. Intercontinental Exchange Inc. has a one year low of $142.29 and a one year high of $189.35. The firm has a market cap of $89.21 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.71. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.49 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 EPS. As a group, sell-side analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Douglas Foley sold 1,600 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $175.62, for a total transaction of $280,992.00. Following the transaction, the senior vice president owned 25,796 shares in the company, valued at $4,530,293.52. This represents a 5.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judith A. Sprieser sold 2,900 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $174.51, for a total transaction of $506,079.00. Following the completion of the transaction, the director directly owned 18,169 shares of the company’s stock, valued at approximately $3,170,672.19. This represents a 13.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 170,944 shares of company stock valued at $26,338,174 over the last three months. Company insiders own 1.00% of the company’s stock.

About Intercontinental Exchange

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.