Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Boomfish Wealth Group LLC

Boomfish Wealth Group LLC lessened its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,686 shares of the financial services provider’s stock after selling 681 shares during the period. Intercontinental Exchange makes up about 1.5% of Boomfish Wealth Group LLC’s portfolio, making the stock its 20th biggest holding. Boomfish Wealth Group LLC’s holdings in Intercontinental Exchange were worth $2,486,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ICE. Crews Bank & Trust acquired a new stake in Intercontinental Exchange in the fourth quarter worth about $2,675,000. Busey Bank raised its position in shares of Intercontinental Exchange by 4.0% in the 4th quarter. Busey Bank now owns 2,965 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 113 shares during the last quarter. Synergy Asset Management LLC boosted its stake in Intercontinental Exchange by 331.1% in the 4th quarter. Synergy Asset Management LLC now owns 9,968 shares of the financial services provider’s stock worth $1,515,000 after purchasing an additional 7,656 shares in the last quarter. Hanson & Doremus Investment Management acquired a new position in Intercontinental Exchange during the 4th quarter valued at approximately $55,000. Finally, Invesco LLC raised its holdings in shares of Intercontinental Exchange by 22.5% in the fourth quarter. Invesco LLC now owns 10,893 shares of the financial services provider’s stock worth $1,623,000 after buying an additional 2,001 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 1.4 %

Shares of Intercontinental Exchange stock opened at $159.45 on Friday. 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 twelve month low of $124.34 and a twelve month high of $167.99. The firm has a market capitalization of $91.55 billion, a PE ratio of 37.78, a P/E/G ratio of 3.01 and a beta of 1.10. The firm’s 50-day moving average price is $153.10 and its 200 day moving average price is $156.33.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly 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 firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the company posted $1.46 earnings per share. The business’s revenue was up 17.3% on a year-over-year basis. On average, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ICE. Keefe, Bruyette & Woods cut their target price on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group lifted their target price on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Piper Sandler increased their price target 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. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Finally, Bank of America raised their target price 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.27.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the transaction, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at $1,955,212.20. The trade was a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Mayur Kapani sold 5,661 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the sale, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at approximately $9,821,819.32. This trade represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,795 shares of company stock valued at $2,120,572 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

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.