AAFMAA Wealth Management & Trust LLC Buys 166 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

AAFMAA Wealth Management & Trust LLC raised its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,586 shares of the financial services provider’s stock after acquiring an additional 166 shares during the period. AAFMAA Wealth Management & Trust LLC’s holdings in Intercontinental Exchange were worth $1,577,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ICE. Tealwood Asset Management Inc. grew its holdings in Intercontinental Exchange by 35.3% in the 4th quarter. Tealwood Asset Management Inc. now owns 15,396 shares of the financial services provider’s stock valued at $2,294,000 after buying an additional 4,017 shares in the last quarter. First Financial Corp IN boosted its position in shares of Intercontinental Exchange by 176.8% in the fourth quarter. First Financial Corp IN now owns 418 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 267 shares during the period. Benson Investment Management Company Inc. acquired a new position in shares of Intercontinental Exchange in the fourth quarter valued at about $5,174,000. PFW Advisors LLC bought a new position in Intercontinental Exchange during the fourth quarter worth about $2,481,000. Finally, Elevated Capital Advisors LLC acquired a new stake in Intercontinental Exchange in the 4th quarter worth about $279,000. Institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the transaction, the president now directly owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. This represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Stuart Glen Williams sold 750 shares of the business’s stock in a transaction 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 completion of the sale, the chief operating officer now owns 12,780 shares in the company, valued at approximately $1,955,212.20. The trade was a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,533 shares of company stock valued at $1,196,279. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ICE shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods reduced their price objective on shares of Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating on the stock in a research note on Monday. Bank of America upped their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Barclays decreased their price objective on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and a consensus target price of $175.20.

Intercontinental Exchange Trading Up 0.7 %

NYSE ICE opened at $143.84 on Tuesday. The firm has a market capitalization of $82.59 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. The business’s 50-day moving average price is $153.88 and its two-hundred day moving average price is $155.47. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $167.99.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter last year, the firm posted $1.46 EPS. The company’s quarterly revenue was up 17.3% on a year-over-year basis. On average, analysts expect that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

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.