Cyndeo Wealth Partners LLC boosted its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE – Free Report) by 72.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,335 shares of the financial services provider’s stock after buying an additional 10,192 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Intercontinental Exchange were worth $3,700,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Gilpin Wealth Management LLC boosted its stake in shares of Intercontinental Exchange by 6.3% during the 3rd quarter. Gilpin Wealth Management LLC now owns 1,118 shares of the financial services provider’s stock worth $170,000 after acquiring an additional 66 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of Intercontinental Exchange by 33.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 271 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 68 shares during the last quarter. Chemistry Wealth Management LLC increased its holdings in shares of Intercontinental Exchange by 0.9% during the 3rd quarter. Chemistry Wealth Management LLC now owns 7,773 shares of the financial services provider’s stock valued at $1,182,000 after acquiring an additional 68 shares during the last quarter. Burns J W & Co. Inc. NY raised its stake in shares of Intercontinental Exchange by 0.6% in the 1st quarter. Burns J W & Co. Inc. NY now owns 12,189 shares of the financial services provider’s stock valued at $1,917,000 after acquiring an additional 69 shares in the last quarter. Finally, Capstone Financial Advisors Inc. raised its stake in shares of Intercontinental Exchange by 1.4% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 5,116 shares of the financial services provider’s stock valued at $630,000 after acquiring an additional 69 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Intercontinental Exchange in a report on Wednesday, October 7th. Rothschild & Co Redburn increased their price target on Intercontinental Exchange from $173.00 to $181.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Raymond James Financial lowered their price target on Intercontinental Exchange from $218.00 to $211.00 and set a “strong-buy” rating on the stock in a report on Monday, October 5th. Bank of America lifted their price target on shares of Intercontinental Exchange from $232.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. Finally, Barclays restated an “overweight” rating and issued a $189.00 price objective (up from $182.00) on shares of Intercontinental Exchange in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.31.
Check Out Our Latest Stock Report on ICE
Insider Transactions at Intercontinental Exchange
In other news, insider Christopher Edmonds sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $160.59, for a total value of $802,950.00. Following the completion of the sale, the insider directly owned 14,367 shares of the company’s stock, valued at approximately $2,307,196.53. This represents a 25.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Martha A. Tirinnanzi sold 1,340 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $161.16, for a total value of $215,954.40. Following the completion of the sale, the director directly owned 3,747 shares of the company’s stock, valued at $603,866.52. This represents a 26.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 41,179 shares of company stock worth $6,473,715. Insiders own 0.84% of the company’s stock.
Intercontinental Exchange Trading Up 1.8%
Intercontinental Exchange stock opened at $161.25 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50-day simple moving average is $156.49 and its 200-day simple moving average is $150.87. The firm has a market capitalization of $90.52 billion, a PE ratio of 22.78, a PEG ratio of 1.50 and a beta of 0.94. Intercontinental Exchange Inc. has a 52 week low of $121.79 and a 52 week high of $176.05.
Intercontinental Exchange (NYSE:ICE – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.06. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter in the previous year, the firm earned $1.81 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. Equities research analysts forecast that Intercontinental Exchange Inc. will post 8.19 earnings per share for the current year.
Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc (NYSE:ICE) operates global exchanges, clearinghouses, data services and technology platforms. The company provides marketplaces and infrastructure that support the trading, clearing and management of risk across financial and commodity markets.
Its businesses include the New York Stock Exchange, ICE Futures exchanges and ICE Clear clearinghouses. ICE offers trading and clearing services for equities, equity options, interest rates, currencies, energy, agricultural commodities, metals and other contracts.
Featured Articles
- Five stocks we like better than Intercontinental Exchange
- Bank of America Stock Sell-Off Looks Like a Buying Opportunity
- AST SpaceMobile Is Down 67%—Could SpaceX’s Mobile Push Deepen the Selloff?
- GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
- Fundamental and Technicals Signals Align for Costco: Is the Stock Finally Breaking Out?
Want to see what other hedge funds are holding ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intercontinental Exchange Inc. (NYSE:ICE – Free Report).
Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.
