Evermay Wealth Management LLC Boosts Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Evermay Wealth Management LLC boosted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,072 shares of the financial services provider’s stock after acquiring an additional 125 shares during the period. Evermay Wealth Management LLC’s holdings in Intercontinental Exchange were worth $756,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ICE. Chicago Partners Investment Group LLC raised its holdings in Intercontinental Exchange by 4.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 2,374 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 104 shares during the period. Institute for Wealth Management LLC. increased its position in shares of Intercontinental Exchange by 7.6% in the fourth quarter. Institute for Wealth Management LLC. now owns 2,844 shares of the financial services provider’s stock valued at $424,000 after buying an additional 200 shares in the last quarter. Crews Bank & Trust acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $2,675,000. Busey Bank lifted its position in shares of Intercontinental Exchange by 4.0% during the 4th quarter. Busey Bank now owns 2,965 shares of the financial services provider’s stock valued at $442,000 after buying an additional 113 shares in the last quarter. Finally, Synergy Asset Management LLC grew 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 valued at $1,515,000 after acquiring an additional 7,656 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 601 shares of the company’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 transaction of $88,785.73. Following the completion of the sale, the insider now owns 12,922 shares in the company, valued at $1,908,967.06. This represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the sale, the president now directly owns 156,163 shares in the company, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,795 shares of company stock worth $2,120,572. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ICE shares. Morgan Stanley lifted their price objective on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Piper Sandler boosted their price objective on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods cut their price objective on shares of Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Raymond James lowered shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target on the stock. in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $175.27.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $159.82 on Friday. The company has a fifty day moving average of $153.12 and a two-hundred day moving average of $156.44. The company has a market capitalization of $91.77 billion, a PE ratio of 37.87, a P/E/G ratio of 3.01 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 debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.55. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business’s revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.46 EPS. As a group, analysts expect that Intercontinental Exchange, Inc. will post 6.05 earnings per share 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.