Brooklyn Investment Group Boosts Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Brooklyn Investment Group raised its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,190 shares of the financial services provider’s stock after acquiring an additional 70 shares during the period. Brooklyn Investment Group’s holdings in Intercontinental Exchange were worth $475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Merit Financial Group LLC boosted its stake in Intercontinental Exchange by 125.0% in the 4th quarter. Merit Financial Group LLC now owns 8,231 shares of the financial services provider’s stock worth $1,227,000 after purchasing an additional 4,573 shares during the period. Avanza Fonder AB purchased a new position in Intercontinental Exchange in the fourth quarter worth $6,390,000. Procyon Advisors LLC increased its stake in Intercontinental Exchange by 70.2% in the fourth quarter. Procyon Advisors LLC now owns 10,802 shares of the financial services provider’s stock valued at $1,610,000 after acquiring an additional 4,457 shares during the last quarter. Tompkins Financial Corp raised its position in Intercontinental Exchange by 1.7% during the fourth quarter. Tompkins Financial Corp now owns 33,391 shares of the financial services provider’s stock valued at $4,976,000 after purchasing an additional 551 shares in the last quarter. Finally, Central Valley Advisors LLC lifted its stake in Intercontinental Exchange by 3.5% during the fourth quarter. Central Valley Advisors LLC now owns 11,543 shares of the financial services provider’s stock worth $1,720,000 after purchasing an additional 388 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 0.8 %

NYSE ICE opened at $149.07 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average is $153.35 and its 200 day moving average is $155.44. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $167.99. The stock has a market cap of $85.59 billion, a PE ratio of 35.33, a P/E/G ratio of 2.29 and a beta of 1.10.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter last year, the firm earned $1.46 EPS. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. Research analysts predict that Intercontinental Exchange, Inc. will post 6.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ICE. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Morgan Stanley upped their price target on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods lowered their price objective on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Barclays dropped their target price on Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Finally, Raymond James lowered Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $175.27.

Insider Activity

In other news, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the transaction, the president now owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. This represents a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Christopher Scott Edmonds sold 601 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the sale, the insider now directly owns 12,922 shares of the company’s stock, valued at $1,908,967.06. This represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,795 shares of company stock valued at $2,120,572. 1.10% of the stock is currently owned by insiders.

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.