McKinley Carter Wealth Services Inc. Increases Holdings in Intercontinental Exchange Inc. $ICE

McKinley Carter Wealth Services Inc. increased its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 15.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,506 shares of the financial services provider’s stock after purchasing an additional 4,333 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Intercontinental Exchange were worth $5,308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Optivise Advisory Services LLC increased its stake in shares of Intercontinental Exchange by 3.1% in the second quarter. Optivise Advisory Services LLC now owns 1,794 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 54 shares during the period. ICONIQ Capital LLC boosted its holdings in Intercontinental Exchange by 2.2% in the second quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 56 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in Intercontinental Exchange by 5.0% in the second quarter. SBI Securities Co. Ltd. now owns 1,207 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 58 shares during the last quarter. Confluence Wealth Services Inc. grew its position in Intercontinental Exchange by 1.0% during the 2nd quarter. Confluence Wealth Services Inc. now owns 6,113 shares of the financial services provider’s stock worth $1,121,000 after purchasing an additional 62 shares during the period. Finally, Ledyard National Bank raised its stake in shares of Intercontinental Exchange by 4.3% during the 2nd quarter. Ledyard National Bank now owns 1,512 shares of the financial services provider’s stock valued at $277,000 after buying an additional 62 shares during the last quarter. 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 firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $163.20, for a total value of $261,120.00. Following the transaction, the senior vice president owned 24,196 shares in the company, valued at approximately $3,948,787.20. This trade represents a 6.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,081 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $151.00, for a total transaction of $314,231.00. Following the sale, the general counsel directly owned 44,212 shares of the company’s stock, valued at $6,676,012. The trade was a 4.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 166,068 shares of company stock valued at $25,470,702. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on ICE. Wall Street Zen downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Saturday, January 24th. Raymond James Financial restated a “strong-buy” rating and issued a $211.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. Morgan Stanley set a $180.00 target price on shares of Intercontinental Exchange and gave the company an “equal weight” rating in a report on Thursday, January 15th. UBS Group reissued a “buy” rating on shares of Intercontinental Exchange in a report on Wednesday, January 7th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Monday, December 29th. One research 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. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $193.50.

Intercontinental Exchange Stock Down 0.8%

ICE stock opened at $173.66 on Friday. Intercontinental Exchange Inc. has a 52 week low of $143.17 and a 52 week high of $189.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. The firm has a 50-day simple moving average of $164.03 and a 200-day simple moving average of $166.97. The stock has a market capitalization of $99.02 billion, a P/E ratio of 31.63, a P/E/G ratio of 2.16 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICE) 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 return on equity of 13.79% and a net margin of 25.24%.The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the previous year, the firm posted $1.55 EPS. Intercontinental Exchange’s revenue was up 2.6% compared to the same quarter last year. Equities analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

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.