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

Larson Financial Group LLC raised its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 17.6% during the third quarter, Holdings Channel reports. The fund owned 1,279 shares of the financial services provider’s stock after buying an additional 191 shares during the period. Larson Financial Group LLC’s holdings in Intercontinental Exchange were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Millennium Group LLC bought a new position in Intercontinental Exchange during the second quarter valued at $25,000. International Assets Investment Management LLC bought a new position in shares of Intercontinental Exchange during the 2nd quarter worth $25,000. Fairscale Capital LLC purchased a new stake in Intercontinental Exchange in the 2nd quarter worth about $25,000. Wolff Wiese Magana LLC raised its stake in Intercontinental Exchange by 1,470.0% in the 3rd 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 during the period. Finally, Northwest Investment Counselors LLC purchased a new stake in Intercontinental Exchange during the third quarter valued at about $26,000. 89.30% of the stock is owned by institutional investors.

Insider Activity

In other news, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the sale, the general counsel now owns 44,865 shares of the company’s stock, valued at approximately $7,159,108.05. The trade was a 4.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christopher Scott Edmonds sold 602 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the transaction, the insider now directly owns 14,034 shares of the company’s stock, valued at approximately $2,284,875.54. The trade was a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,696 shares of company stock valued at $1,554,559. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of Intercontinental Exchange stock 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 business’s 50 day simple moving average is $160.55 and its two-hundred day simple moving average is $151.59. The stock has a market capitalization of $92.52 billion, a P/E ratio of 38.18, a price-to-earnings-growth ratio of 2.64 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.55. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. Intercontinental Exchange’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period last year, the firm earned $1.46 earnings per share. Analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ICE. Deutsche Bank Aktiengesellschaft upped their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. TD Cowen initiated coverage on Intercontinental Exchange in a research note on Thursday, September 26th. They set a “buy” rating and a $182.00 price objective on the stock. Piper Sandler increased their price objective on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Barclays decreased 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. Finally, StockNews.com cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Intercontinental Exchange has an average rating of “Moderate Buy” and an average price target of $174.13.

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.