Mutual of America Capital Management LLC Has $10.32 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Mutual of America Capital Management LLC decreased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,076 shares of the financial services provider’s stock after selling 1,512 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Intercontinental Exchange were worth $10,318,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ICE. Scarborough Advisors LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $25,000. Annapolis Financial Services LLC increased its position in shares of Intercontinental Exchange by 1,018.8% during the 1st 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 during the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of Intercontinental Exchange during the 1st quarter worth approximately $26,000. Fortitude Family Office LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $28,000. Finally, Stuart Chaussee & Associates Inc. acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 0.1 %

NYSE ICE traded up $0.15 during trading hours on Tuesday, hitting $141.32. 639,347 shares of the company’s stock were exchanged, compared to its average volume of 2,338,697. The stock has a 50-day simple moving average of $135.54 and a 200 day simple moving average of $133.62. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $142.19. The firm has a market cap of $81.06 billion, a price-to-earnings ratio of 32.38, a PEG ratio of 2.62 and a beta of 1.06. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, hitting the consensus estimate of $1.48. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter last year, the firm posted $1.41 earnings per share. The firm’s revenue was up 20.8% on a year-over-year basis. On average, equities analysts forecast that Intercontinental Exchange, Inc. will post 5.96 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Intercontinental Exchange, Inc bought 350,880 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were bought at an average price of $0.87 per share, for a total transaction of $305,265.60. Following the completion of the acquisition, the insider now directly owns 649,934 shares of the company’s stock, valued at $565,442.58. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder Intercontinental Exchange, Inc bought 350,880 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were bought at an average price of $0.87 per share, with a total value of $305,265.60. Following the completion of the transaction, the insider now directly owns 649,934 shares in the company, valued at $565,442.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 341 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $131.74, for a total value of $44,923.34. Following the transaction, the general counsel now directly owns 48,713 shares in the company, valued at approximately $6,417,450.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,506 shares of company stock worth $609,374. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Citigroup boosted their target price on Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. boosted their target price on Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Keefe, Bruyette & Woods decreased their target price on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Bank of America decreased their target price on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Finally, Morgan Stanley boosted their price target on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus price target of $151.29.

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.