Intercontinental Exchange Inc. $ICE is CCLA Investment Management’s 8th Largest Position

CCLA Investment Management increased its position in Intercontinental Exchange Inc. (NYSE:ICE) by 2.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 910,159 shares of the financial services provider’s stock after purchasing an additional 18,556 shares during the period. Intercontinental Exchange comprises about 2.5% of CCLA Investment Management’s investment portfolio, making the stock its 8th biggest holding. CCLA Investment Management owned 0.16% of Intercontinental Exchange worth $153,298,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position 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 buying an additional 1,169 shares during the period. Summit Financial LLC grew its stake in Intercontinental Exchange by 2.1% during the 1st quarter. Summit Financial LLC now owns 5,952 shares of the financial services provider’s stock valued at $1,027,000 after acquiring an additional 124 shares in the last quarter. CW Advisors LLC acquired a new position in shares of Intercontinental Exchange in the 1st quarter valued at about $286,000. Compound Planning Inc. lifted its position in shares of Intercontinental Exchange by 15.7% in the first quarter. Compound Planning Inc. now owns 4,999 shares of the financial services provider’s stock worth $862,000 after purchasing an additional 680 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Intercontinental Exchange by 2.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 362,584 shares of the financial services provider’s stock worth $62,546,000 after purchasing an additional 10,374 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on ICE shares. JPMorgan Chase & Co. lowered their price objective on shares of Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Raymond James Financial upgraded shares of Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price target on the stock in a report on Monday, October 13th. Barclays set a $183.00 price target on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a research note on Friday, October 31st. TD Cowen reduced their price objective on Intercontinental Exchange from $199.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $194.70.

Intercontinental Exchange Stock Up 0.1%

ICE stock opened at $160.21 on Monday. The firm has a market cap of $91.35 billion, a PE ratio of 29.18, a PEG ratio of 2.48 and a beta of 1.05. Intercontinental Exchange Inc. has a 1 year low of $142.29 and a 1 year high of $189.35. The company has a fifty day simple moving average of $155.10 and a 200 day simple moving average of $169.44. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, hitting the consensus estimate of $1.71. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the business posted $1.55 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. Sell-side analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intercontinental Exchange news, CTO Mayur Kapani sold 10,082 shares of the stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $158.88, for a total transaction of $1,601,828.16. Following the transaction, the chief technology officer owned 65,240 shares in the company, valued at $10,365,331.20. This trade represents a 13.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Judith A. Sprieser sold 3,700 shares of the business’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $157.96, for a total transaction of $584,452.00. Following the completion of the sale, the director owned 14,469 shares of the company’s stock, valued at $2,285,523.24. The trade was a 20.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 176,150 shares of company stock worth $27,072,531 in the last three months. 1.00% of the stock is owned by insiders.

Intercontinental Exchange Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.