Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Baron Wealth Management LLC

Baron Wealth Management LLC boosted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 6.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,667 shares of the financial services provider’s stock after buying an additional 102 shares during the period. Baron Wealth Management LLC’s holdings in Intercontinental Exchange were worth $268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nixon Peabody Trust Co. grew its position in Intercontinental Exchange by 0.8% in the 3rd quarter. Nixon Peabody Trust Co. now owns 114,380 shares of the financial services provider’s stock valued at $18,374,000 after buying an additional 899 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of Intercontinental Exchange during the 3rd quarter valued at about $206,000. Strengthening Families & Communities LLC boosted its position in shares of Intercontinental Exchange by 7.7% during the 3rd quarter. Strengthening Families & Communities LLC now owns 5,419 shares of the financial services provider’s stock valued at $871,000 after purchasing an additional 388 shares in the last quarter. LMR Partners LLP bought a new position in shares of Intercontinental Exchange during the 3rd quarter valued at about $467,000. Finally, Quest Partners LLC boosted its position in shares of Intercontinental Exchange by 56.5% during the 3rd quarter. Quest Partners LLC now owns 14,055 shares of the financial services provider’s stock valued at $2,258,000 after purchasing an additional 5,074 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays reduced their price objective on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Piper Sandler raised their target price on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, Raymond James cut shares of 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. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $174.13.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 468 shares of Intercontinental Exchange stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $76,195.08. Following the sale, the chief operating officer now owns 13,530 shares in the company, valued at $2,202,819.30. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction on Thursday, September 26th. The stock was 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 in the company, valued at $7,159,108.05. This represents a 4.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,489 shares of company stock worth $1,202,259. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Up 1.4 %

NYSE:ICE opened at $157.69 on Tuesday. Intercontinental Exchange, Inc. has a 12 month low of $110.64 and a 12 month high of $167.99. The firm has a market cap of $90.54 billion, a price-to-earnings ratio of 37.37, a P/E/G ratio of 2.57 and a beta of 1.08. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average is $160.89 and its 200-day moving average is $150.44.

Intercontinental Exchange (NYSE:ICE) last released 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 company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the firm posted $1.46 earnings per share. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. Equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

About Intercontinental Exchange

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.