Intercontinental Exchange Inc. $ICE Shares Purchased by Elk River Wealth Management LLC

Elk River Wealth Management LLC lifted its position in shares of Intercontinental Exchange Inc. (NYSE:ICEFree Report) by 44.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,321 shares of the financial services provider’s stock after purchasing an additional 17,326 shares during the period. Intercontinental Exchange comprises 1.5% of Elk River Wealth Management LLC’s portfolio, making the stock its 19th largest position. Elk River Wealth Management LLC’s holdings in Intercontinental Exchange were worth $9,489,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ICE. Harrell Investment Partners LLC boosted its stake in shares of Intercontinental Exchange by 5.5% during the 3rd quarter. Harrell Investment Partners LLC now owns 5,312 shares of the financial services provider’s stock valued at $895,000 after buying an additional 277 shares during the last quarter. Duncker Streett & Co. Inc. lifted its position in shares of Intercontinental Exchange by 0.7% in the 3rd quarter. Duncker Streett & Co. Inc. now owns 44,891 shares of the financial services provider’s stock worth $7,563,000 after buying an additional 293 shares during the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in Intercontinental Exchange in the third quarter valued at approximately $58,000. Beaumont Financial Advisors LLC boosted its position in Intercontinental Exchange by 42.5% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 4,388 shares of the financial services provider’s stock valued at $739,000 after purchasing an additional 1,308 shares during the period. Finally, Kingswood Wealth Advisors LLC boosted its holdings in shares of Intercontinental Exchange by 17.0% during the third quarter. Kingswood Wealth Advisors LLC now owns 1,682 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 244 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling

In related news, CFO Warren Gardiner sold 1,572 shares of Intercontinental Exchange stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $153.65, for a total transaction of $241,537.80. Following the sale, the chief financial officer directly owned 20,534 shares of the company’s stock, valued at $3,155,049.10. This trade represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $153.08, for a total value of $22,962,000.00. Following the sale, the chief executive officer directly owned 1,801,705 shares in the company, valued at $275,805,001.40. The trade was a 7.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 166,068 shares of company stock valued at $25,470,702 in the last ninety days. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ICE. Raymond James Financial reiterated a “strong-buy” rating and set a $211.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday. Wall Street Zen upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Barclays set a $182.00 price objective on Intercontinental Exchange and gave the stock an “overweight” rating in a research note on Thursday. Morgan Stanley reissued a “positive” rating and issued a $174.00 target price (up from $169.00) on shares of Intercontinental Exchange in a research report on Monday, December 22nd. Finally, TD Cowen lowered their price target on Intercontinental Exchange from $199.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $191.80.

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Intercontinental Exchange Stock Performance

Shares of NYSE ICE opened at $161.89 on Friday. The business’s 50-day simple moving average is $157.05 and its 200-day simple moving average is $168.04. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange Inc. has a 52 week low of $142.29 and a 52 week high of $189.35. The firm has a market cap of $92.31 billion, a price-to-earnings ratio of 29.49, a P/E/G ratio of 2.10 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICEGet Free Report) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (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 business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the firm earned $1.55 EPS. Intercontinental Exchange’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts expect that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

About Intercontinental Exchange

(Free Report)

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.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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