Chicago Capital LLC Sells 1,667 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Chicago Capital LLC cut its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 567,818 shares of the financial services provider’s stock after selling 1,667 shares during the period. Intercontinental Exchange makes up approximately 2.2% of Chicago Capital LLC’s investment portfolio, making the stock its 13th largest holding. Chicago Capital LLC’s holdings in Intercontinental Exchange were worth $84,611,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ICE. Wolff Wiese Magana LLC lifted its stake in 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 acquiring an additional 147 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Intercontinental Exchange in the third quarter valued at approximately $26,000. Financial Management Professionals Inc. boosted its position 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 valued at $27,000 after purchasing an additional 87 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at about $29,000. Finally, FSA Wealth Management LLC bought a new stake in Intercontinental Exchange in the 3rd quarter valued at $31,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Morgan Stanley raised their target price on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Piper Sandler boosted their target price on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $175.27.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $159.82 on Monday. The firm’s 50 day moving average price is $153.12 and its 200-day moving average price is $156.49. The stock has a market capitalization of $91.77 billion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 3.06 and a beta of 1.11. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $167.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68.

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, meeting the consensus estimate of $1.55. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company’s revenue was up 17.3% on a year-over-year basis. During the same period last year, the firm earned $1.46 EPS. Equities research analysts expect that Intercontinental Exchange, Inc. will post 6.05 EPS for the current year.

Insider Buying and Selling at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 601 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the transaction, the insider now owns 12,922 shares in the company, valued at $1,908,967.06. This trade represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the transaction, the chief technology officer now directly owns 66,548 shares in the company, valued at $9,821,819.32. This trade represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,795 shares of company stock worth $2,120,572 over the last ninety days. Company insiders own 1.10% of the company’s stock.

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.