MorganRosel Wealth Management LLC purchased a new stake in Intercontinental Exchange Inc (NYSE:ICE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,392 shares of the financial services provider’s stock, valued at approximately $684,000.

A number of other institutional investors have also recently bought and sold shares of the business. Venturi Wealth Management LLC acquired a new position in shares of Intercontinental Exchange in the 3rd quarter worth approximately $25,000. HWG Holdings LP acquired a new position in shares of Intercontinental Exchange in the 3rd quarter worth approximately $27,000. Evoke Wealth LLC acquired a new position in shares of Intercontinental Exchange in the 3rd quarter worth approximately $32,000. Financial Advantage Inc. acquired a new position in shares of Intercontinental Exchange in the 3rd quarter worth approximately $34,000. Finally, Coastal Investment Advisors Inc. raised its holdings in shares of Intercontinental Exchange by 72.2% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 477 shares of the financial services provider’s stock worth $44,000 after buying an additional 200 shares in the last quarter. 89.09% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on ICE shares. ValuEngine cut Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Co reissued a “hold” rating on shares of Intercontinental Exchange in a report on Monday, December 9th. JPMorgan Chase & Co. increased their target price on Intercontinental Exchange from $97.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. Barclays set a $104.00 price target on Intercontinental Exchange and gave the company a “buy” rating in a report on Sunday, November 3rd. Finally, FIX assumed coverage on Intercontinental Exchange in a report on Monday, September 16th. They set an “outperform” rating and a $100.00 price target for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. Intercontinental Exchange currently has a consensus rating of “Buy” and a consensus target price of $96.54.

ICE stock opened at $94.68 on Tuesday. The business has a fifty day moving average price of $93.29 and a 200 day moving average price of $92.11. Intercontinental Exchange Inc has a fifty-two week low of $71.90 and a fifty-two week high of $95.56. The stock has a market capitalization of $52.92 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 2.71 and a beta of 0.45. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.00 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.11. Intercontinental Exchange had a return on equity of 12.79% and a net margin of 31.97%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm posted $0.85 EPS. The business’s revenue was up 11.3% on a year-over-year basis. On average, equities analysts expect that Intercontinental Exchange Inc will post 3.89 earnings per share for the current fiscal year.

In other Intercontinental Exchange news, CFO Scott A. Hill sold 38,305 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $92.55, for a total value of $3,545,127.75. Following the transaction, the chief financial officer now directly owns 183,595 shares in the company, valued at approximately $16,991,717.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Charles A. Vice sold 9,413 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $94.54, for a total value of $889,905.02. Following the completion of the transaction, the insider now owns 363,723 shares in the company, valued at $34,386,372.42. The disclosure for this sale can be found here. Insiders have sold a total of 162,528 shares of company stock valued at $15,088,203 over the last ninety days. Insiders own 1.50% of the company’s stock.

Intercontinental Exchange Profile

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, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

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

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