Investment House LLC lifted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,083 shares of the financial services provider’s stock after buying an additional 361 shares during the quarter. Intercontinental Exchange comprises approximately 1.4% of Investment House LLC’s holdings, making the stock its 16th biggest position. Investment House LLC’s holdings in Intercontinental Exchange were worth $19,609,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in shares of Intercontinental Exchange during the 3rd quarter worth approximately $26,000. Eudaimonia Partners LLC increased its stake in shares of Intercontinental Exchange by 81.4% during the third quarter. Eudaimonia Partners LLC now owns 1,128 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 506 shares during the period. Old North State Trust LLC acquired a new stake in Intercontinental Exchange during the 3rd quarter worth approximately $36,000. Winslow Evans & Crocker Inc. boosted its stake in Intercontinental Exchange by 727.3% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 455 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 400 shares during the period. Finally, Ropes Wealth Advisors LLC acquired a new position in Intercontinental Exchange in the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 77.49% of the company’s stock.
A number of equities research analysts have recently issued reports on ICE shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Intercontinental Exchange from $117.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, November 11th. Rosenblatt Securities raised their target price on shares of Intercontinental Exchange from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, January 7th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Intercontinental Exchange in a report on Tuesday, September 15th. Oppenheimer reiterated a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, January 8th. Finally, Compass Point raised their price target on Intercontinental Exchange from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, December 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Intercontinental Exchange has a consensus rating of “Buy” and a consensus price target of $118.07.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, October 29th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. Intercontinental Exchange had a net margin of 26.19% and a return on equity of 13.63%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the firm posted $1.06 EPS. Intercontinental Exchange’s revenue was up 5.6% compared to the same quarter last year. On average, research analysts forecast that Intercontinental Exchange, Inc. will post 4.45 earnings per share for the current fiscal year.
In other news, insider David S. Goone sold 17,281 shares of the stock in a transaction dated Monday, November 30th. The shares were sold at an average price of $105.05, for a total value of $1,815,369.05. Following the completion of the sale, the insider now owns 186,243 shares in the company, valued at $19,564,827.15. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO James W. Namkung sold 2,193 shares of the stock in a transaction dated Thursday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $247,809.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,418 shares of company stock worth $10,370,679. Corporate insiders own 1.50% of the company’s stock.
About Intercontinental Exchange
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.
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