Heritage Family Offices LLP Acquires 2,014 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Heritage Family Offices LLP increased its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 21.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,466 shares of the financial services provider’s stock after purchasing an additional 2,014 shares during the quarter. Intercontinental Exchange makes up approximately 1.0% of Heritage Family Offices LLP’s investment portfolio, making the stock its 24th biggest position. Heritage Family Offices LLP’s holdings in Intercontinental Exchange were worth $1,842,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of ICE. Annapolis Financial Services LLC increased its stake in shares of Intercontinental Exchange by 1,018.8% in the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 163 shares in the last quarter. New Millennium Group LLC bought a new position in Intercontinental Exchange in the 2nd quarter worth $25,000. International Assets Investment Management LLC purchased a new stake in Intercontinental Exchange in the 2nd quarter worth $25,000. Fairscale Capital LLC bought a new stake in Intercontinental Exchange during the second quarter valued at about $25,000. Finally, Wolff Wiese Magana LLC lifted its position in shares of 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 acquiring an additional 147 shares in the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Stuart Glen Williams sold 468 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $76,195.08. Following the sale, the chief operating officer now directly owns 13,530 shares in the company, valued at approximately $2,202,819.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Intercontinental Exchange news, CAO James W. Namkung sold 1,043 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $150.00, for a total value of $156,450.00. Following the completion of the sale, the chief accounting officer now directly owns 17,836 shares of the company’s stock, valued at $2,675,400. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stuart Glen Williams sold 468 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was 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 approximately $2,202,819.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,532 shares of company stock valued at $1,358,709 over the last 90 days. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Raymond James downgraded Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price on the stock. in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Citigroup upped their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Finally, Barclays increased their price objective on shares of Intercontinental Exchange from $167.00 to $179.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $170.67.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $165.13 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s fifty day moving average is $160.08 and its 200 day moving average is $145.86. The firm has a market capitalization of $94.72 billion, a PE ratio of 37.87, a PEG ratio of 2.62 and a beta of 1.08. Intercontinental Exchange, Inc. has a fifty-two week low of $104.49 and a fifty-two week high of $167.23.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.03. The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The business’s revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the business earned $1.43 EPS. On average, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.08 earnings per share for the current year.

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.