Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Crestmont Private Wealth LLC

Crestmont Private Wealth LLC increased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,665 shares of the financial services provider’s stock after acquiring an additional 116 shares during the period. Crestmont Private Wealth LLC’s holdings in Intercontinental Exchange were worth $546,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ICE. Fairscale Capital LLC acquired a new position in shares of Intercontinental Exchange during the 2nd quarter worth $25,000. Wolff Wiese Magana LLC boosted its holdings in Intercontinental Exchange by 1,470.0% during the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after buying an additional 147 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in Intercontinental Exchange during the third quarter worth about $26,000. Financial Management Professionals Inc. grew its position 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 period. Finally, Capital Performance Advisors LLP purchased a new position in Intercontinental Exchange in the third quarter valued at about $29,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ICE shares. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods reduced their price objective on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating on the stock in a research report on Monday. Barclays decreased their target price on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their price target on Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and a consensus price target of $175.20.

Intercontinental Exchange Trading Up 0.9 %

NYSE ICE opened at $145.13 on Wednesday. The company’s fifty day simple moving average is $153.62 and its 200-day simple moving average is $155.53. 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 has a market cap of $83.33 billion, a P/E ratio of 34.39, a PEG ratio of 2.57 and a beta of 1.10. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $167.99.

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

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 955 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total value of $149,056.40. Following the transaction, the general counsel now owns 44,702 shares of the company’s stock, valued at $6,977,088.16. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Stuart Glen Williams sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were 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 $1,955,212.20. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,533 shares of company stock valued at $1,196,279. Insiders own 1.10% of the company’s stock.

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.