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

Sendero Wealth Management LLC increased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 4.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,569 shares of the financial services provider’s stock after purchasing an additional 2,017 shares during the period. Intercontinental Exchange accounts for about 1.1% of Sendero Wealth Management LLC’s investment portfolio, making the stock its 24th biggest holding. Sendero Wealth Management LLC’s holdings in Intercontinental Exchange were worth $7,088,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairscale Capital LLC bought a new stake in Intercontinental Exchange during the second quarter valued at $25,000. Wolff Wiese Magana LLC boosted its holdings in shares of 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 buying an additional 147 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at about $26,000. Financial Management Professionals Inc. raised its stake in Intercontinental Exchange by 106.1% during the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 87 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in Intercontinental Exchange in the third quarter worth about $29,000. 89.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. TD Cowen started coverage on Intercontinental Exchange in a report on Thursday, September 26th. They set a “buy” rating and a $182.00 target price for the company. Keefe, Bruyette & Woods lowered their price objective on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating for the company in a research note on Monday. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Barclays reduced their price objective on Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Morgan Stanley raised their price target on Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $175.20.

Insiders Place Their Bets

In other news, General Counsel Andrew J. Surdykowski sold 955 shares of Intercontinental Exchange stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total transaction of $149,056.40. Following the transaction, the general counsel now owns 44,702 shares in the company, valued at approximately $6,977,088.16. The trade was a 2.09 % 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. Also, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the transaction, the president now directly owns 156,163 shares in the company, valued at $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,533 shares of company stock worth $1,196,279. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Up 2.0 %

Shares of NYSE:ICE opened at $148.11 on Thursday. The stock has a market capitalization of $85.04 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 2.29 and a beta of 1.10. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $167.99. The company has a 50 day moving average price of $153.62 and a 200 day moving average price of $155.53. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the previous year, the firm posted $1.46 EPS. The company’s quarterly revenue was up 17.3% on a year-over-year basis. On average, research analysts anticipate that Intercontinental Exchange, Inc. will post 6.06 EPS for the current fiscal 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.