Annis Gardner Whiting Capital Advisors LLC Grows Stock Holdings in Intercontinental Exchange Inc. $ICE

Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 72.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,291 shares of the financial services provider’s stock after purchasing an additional 5,159 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Intercontinental Exchange were worth $2,071,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ICE. Princeton Global Asset Management LLC acquired a new position in Intercontinental Exchange in the second quarter valued at $28,000. Westside Investment Management Inc. purchased a new stake in Intercontinental Exchange in the 2nd quarter valued at about $29,000. Private Wealth Management Group LLC increased its stake 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 valued at $30,000 after acquiring an additional 66 shares during the last quarter. Hilltop National Bank acquired a new position in shares of Intercontinental Exchange during the 2nd quarter valued at about $31,000. Finally, Knuff & Co LLC lifted its holdings in shares of Intercontinental Exchange by 73.3% during the 2nd quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 74 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insiders Place Their Bets

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $163.20, for a total value of $261,120.00. Following the completion of the sale, the senior vice president owned 24,196 shares of the company’s stock, valued at $3,948,787.20. This trade represents a 6.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Mayur Kapani sold 5,345 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $156.67, for a total transaction of $837,401.15. Following the sale, the chief technology officer owned 65,240 shares in the company, valued at $10,221,150.80. This represents a 7.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 166,068 shares of company stock valued at $25,470,702. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ICE shares. Keefe, Bruyette & Woods upgraded shares of Intercontinental Exchange to a “moderate buy” rating in a report on Monday, October 6th. Morgan Stanley set a $180.00 price target on shares of Intercontinental Exchange and gave the company an “equal weight” rating in a report on Thursday, January 15th. Raymond James Financial restated a “strong-buy” rating and set a $211.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Piper Sandler reaffirmed an “overweight” rating and issued a $195.00 target price (down from $202.00) on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercontinental Exchange in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Intercontinental Exchange presently has an average rating of “Buy” and a consensus target price of $193.50.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $172.40 on Thursday. The firm’s fifty day simple moving average is $163.18 and its 200 day simple moving average is $166.98. 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 twelve month low of $143.17 and a twelve month high of $189.35. The firm has a market capitalization of $98.30 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 2.14 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, meeting the consensus estimate of $1.71. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.49 billion. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $1.55 earnings per share. As a group, equities research analysts expect that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Company 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.