Dynasty Wealth Management LLC Purchases New Stake in Intercontinental Exchange Inc. $ICE

Dynasty Wealth Management LLC acquired a new position in shares of Intercontinental Exchange Inc. (NYSE:ICEFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,327 shares of the financial services provider’s stock, valued at approximately $897,000.

Several other institutional investors also recently modified their holdings of ICE. Princeton Global Asset Management LLC bought a new position in Intercontinental Exchange in the second quarter valued at approximately $28,000. Westside Investment Management Inc. acquired a new position in Intercontinental Exchange in the second quarter valued at about $29,000. Private Wealth Management Group LLC grew its position in shares of Intercontinental Exchange by 59.5% during the 3rd quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after buying an additional 66 shares during the period. Hilltop National Bank bought a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at about $31,000. Finally, Knuff & Co LLC grew its holdings in Intercontinental Exchange by 73.3% during the second quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $170.90 on Wednesday. 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 Inc. has a 12 month low of $143.17 and a 12 month high of $189.35. The firm has a fifty day simple moving average of $160.68 and a 200 day simple moving average of $167.22. The stock has a market capitalization of $97.44 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 2.12 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICEGet Free Report) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share for the quarter, meeting the consensus estimate of $1.71. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the company earned $1.55 EPS. Intercontinental Exchange’s revenue for the quarter was up 2.6% compared to the same quarter last year. Research analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Trending Headlines about Intercontinental Exchange

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Wall Street Analysts Forecast Growth

Several research firms have weighed in on ICE. Keefe, Bruyette & Woods upgraded shares of Intercontinental Exchange to a “moderate buy” rating in a report on Monday, October 6th. Barclays set a $182.00 price objective on Intercontinental Exchange and gave the stock an “overweight” rating in a research note on Thursday, January 8th. UBS Group restated a “buy” rating on shares of Intercontinental Exchange in a report on Wednesday, January 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. cut their price target on shares of Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Intercontinental Exchange presently has an average rating of “Buy” and a consensus price target of $193.50.

Get Our Latest Analysis on Intercontinental Exchange

Insider Buying and Selling

In other news, CTO Mayur Kapani sold 5,345 shares of Intercontinental Exchange stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $156.67, for a total value of $837,401.15. Following the completion of the transaction, the chief technology officer owned 65,240 shares of the company’s stock, valued at $10,221,150.80. This trade represents a 7.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $153.08, for a total transaction of $22,962,000.00. Following the transaction, the chief executive officer owned 1,801,705 shares in the company, valued at $275,805,001.40. This represents a 7.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 166,068 shares of company stock worth $25,470,702 in the last quarter. 1.00% of the stock is owned by company insiders.

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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