Larson Financial Group LLC Acquires 191 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Larson Financial Group LLC raised its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 17.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,279 shares of the financial services provider’s stock after acquiring an additional 191 shares during the quarter. Larson Financial Group LLC’s holdings in Intercontinental Exchange were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ICE. Silvercrest Asset Management Group LLC grew its stake in shares of Intercontinental Exchange by 7.8% during the first quarter. Silvercrest Asset Management Group LLC now owns 16,243 shares of the financial services provider’s stock worth $2,232,000 after buying an additional 1,180 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of Intercontinental Exchange by 61.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 8,082 shares of the financial services provider’s stock valued at $1,111,000 after purchasing an additional 3,062 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Intercontinental Exchange by 13.5% during the first quarter. Tidal Investments LLC now owns 30,820 shares of the financial services provider’s stock worth $4,235,000 after purchasing an additional 3,655 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new position in shares of Intercontinental Exchange in the first quarter valued at approximately $233,000. Finally, LRI Investments LLC bought a new position in Intercontinental Exchange in the 1st quarter valued at approximately $50,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Trading Up 0.4 %

NYSE:ICE opened at $161.14 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange, Inc. has a one year low of $111.82 and a one year high of $167.99. The company has a market cap of $92.52 billion, a PE ratio of 38.18, a PEG ratio of 2.64 and a beta of 1.08. The firm has a 50-day moving average of $160.55 and a 200-day moving average of $151.59.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting analysts’ consensus estimates of $1.55. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 EPS. As a group, equities research analysts expect that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ICE shares. Bank of America upped their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft raised their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Barclays reduced their price target on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research note on Friday, November 1st. Finally, Raymond James lowered shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target for the company. in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.13.

Insider Activity at Intercontinental Exchange

In other news, CFO Warren Gardiner sold 750 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $161.43, for a total value of $121,072.50. Following the completion of the sale, the chief financial officer now owns 16,576 shares in the company, valued at $2,675,863.68. This represents a 4.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Stuart Glen Williams sold 468 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $76,195.08. Following the transaction, the chief operating officer now directly owns 13,530 shares in the company, valued at $2,202,819.30. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,696 shares of company stock valued at $1,554,559. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.