Baltimore Washington Financial Advisors Inc. Has $19.05 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Baltimore Washington Financial Advisors Inc. grew its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127,841 shares of the financial services provider’s stock after acquiring an additional 2,338 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in Intercontinental Exchange were worth $19,050,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wolff Wiese Magana LLC grew its stake in Intercontinental Exchange by 1,470.0% in the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 147 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Intercontinental Exchange in the third quarter valued at $26,000. Financial Management Professionals Inc. increased its holdings in Intercontinental Exchange by 106.1% during the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock worth $27,000 after buying an additional 87 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Intercontinental Exchange during the third quarter worth $29,000. Finally, FSA Wealth Management LLC acquired a new stake in Intercontinental Exchange in the third quarter valued at $31,000. 89.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. cut their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Raymond James lowered Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price on the stock. in a report on Monday, October 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.27.

Intercontinental Exchange Stock Up 0.4 %

Shares of ICE opened at $160.40 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $167.99. The firm’s 50 day moving average is $153.12 and its 200-day moving average is $156.54. The stock has a market capitalization of $92.10 billion, a PE ratio of 38.01, a P/E/G ratio of 3.06 and a beta of 1.10.

Insider Buying and Selling at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 5,661 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the sale, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at $9,821,819.32. This trade represents a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Stuart Glen Williams sold 750 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the transaction, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. The trade was a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,795 shares of company stock valued at $2,120,572 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange 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.