Caliber Wealth Management LLC KS Has $462,000 Stock Holdings in Intercontinental Exchange Inc. $ICE

Caliber Wealth Management LLC KS lessened its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 37.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,516 shares of the financial services provider’s stock after selling 1,510 shares during the quarter. Caliber Wealth Management LLC KS’s holdings in Intercontinental Exchange were worth $462,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group lifted its stake in Intercontinental Exchange by 5.0% in the second quarter. Rehmann Capital Advisory Group now owns 7,577 shares of the financial services provider’s stock valued at $1,390,000 after buying an additional 358 shares during the period. Brookstone Capital Management acquired a new position in Intercontinental Exchange in the second quarter valued at about $269,000. D.A. Davidson & CO. lifted its stake in Intercontinental Exchange by 0.3% in the second quarter. D.A. Davidson & CO. now owns 29,310 shares of the financial services provider’s stock valued at $5,378,000 after buying an additional 82 shares during the period. Gables Capital Management Inc. lifted its stake in Intercontinental Exchange by 100.0% in the second quarter. Gables Capital Management Inc. now owns 250 shares of the financial services provider’s stock valued at $46,000 after buying an additional 125 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its stake in Intercontinental Exchange by 3.0% in the second quarter. Cullen Frost Bankers Inc. now owns 121,179 shares of the financial services provider’s stock valued at $22,233,000 after buying an additional 3,505 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ICE shares. Barclays reissued an “overweight” rating and issued a $201.00 target price (down previously from $212.00) on shares of Intercontinental Exchange in a research note on Wednesday, October 8th. Morgan Stanley lowered their price target on Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating for the company in a report on Tuesday. Keefe, Bruyette & Woods raised Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Exchange in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their price target on Intercontinental Exchange from $195.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $198.60.

Intercontinental Exchange Stock Up 0.1%

NYSE:ICE opened at $156.88 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a 50-day simple moving average of $169.23 and a 200 day simple moving average of $173.34. The company has a market cap of $89.80 billion, a PE ratio of 30.11, a PEG ratio of 2.19 and a beta of 1.08. Intercontinental Exchange Inc. has a 52-week low of $142.29 and a 52-week high of $189.35.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.04. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $2.50 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The business’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $1.52 earnings per share. On average, sell-side analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Mayur Kapani sold 10,082 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $158.88, for a total transaction of $1,601,828.16. Following the completion of the sale, the chief technology officer directly owned 65,240 shares of the company’s stock, valued at approximately $10,365,331.20. This trade represents a 13.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Judith A. Sprieser sold 2,900 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $174.51, for a total value of $506,079.00. Following the sale, the director directly owned 18,169 shares of the company’s stock, valued at approximately $3,170,672.19. The trade was a 13.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 240,956 shares of company stock valued at $43,789,542. Insiders own 1.00% of the company’s stock.

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.