E. Ohman J or Asset Management AB Has $34.35 Million Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

E. Ohman J or Asset Management AB lowered its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 19.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 230,533 shares of the financial services provider’s stock after selling 57,076 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Intercontinental Exchange were worth $34,352,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ICE. Longboard Asset Management LP acquired a new position in Intercontinental Exchange in the 4th quarter worth $233,000. Commonwealth Financial Services LLC boosted its position in shares of Intercontinental Exchange by 10.0% during the fourth quarter. Commonwealth Financial Services LLC now owns 2,099 shares of the financial services provider’s stock worth $313,000 after buying an additional 191 shares during the period. Baltimore Washington Financial Advisors Inc. boosted its position in shares of Intercontinental Exchange by 1.9% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 127,841 shares of the financial services provider’s stock worth $19,050,000 after buying an additional 2,338 shares during the period. Boston Trust Walden Corp bought a new position in shares of Intercontinental Exchange during the fourth quarter worth about $269,000. Finally, GPS Wealth Strategies Group LLC raised its position in Intercontinental Exchange by 54.9% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 367 shares of the financial services provider’s stock valued at $55,000 after buying an additional 130 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Insider Activity

In other news, COO Stuart Glen Williams sold 750 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the transaction, the chief operating officer now owns 12,780 shares in the company, valued at approximately $1,955,212.20. This trade represents 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 this link. Also, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange 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 sale, the insider now directly owns 12,922 shares of the company’s stock, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,795 shares of company stock valued at $2,120,572 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ICE has been the subject of a number of recent research reports. Morgan Stanley upped their price target on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Barclays decreased their target price on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. cut their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Piper Sandler increased their price objective on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average target price of $175.27.

Intercontinental Exchange Trading Up 0.4 %

Shares of Intercontinental Exchange stock opened at $160.40 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The business has a fifty day simple moving average of $153.12 and a two-hundred day simple moving average of $156.54. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $167.99. The company has a market capitalization of $92.10 billion, a price-to-earnings ratio of 38.01, a P/E/G ratio of 3.06 and a beta of 1.11.

About Intercontinental Exchange

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.