Blue Trust Inc. Raises Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Blue Trust Inc. increased its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 114.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,857 shares of the financial services provider’s stock after buying an additional 6,853 shares during the period. Blue Trust Inc.’s holdings in Intercontinental Exchange were worth $2,065,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ICE. Novare Capital Management LLC grew its stake in Intercontinental Exchange by 0.5% in the 4th quarter. Novare Capital Management LLC now owns 67,753 shares of the financial services provider’s stock worth $10,096,000 after acquiring an additional 360 shares in the last quarter. AlphaMark Advisors LLC grew its stake in Intercontinental Exchange by 1.6% in the fourth quarter. AlphaMark Advisors LLC now owns 10,348 shares of the financial services provider’s stock worth $1,542,000 after purchasing an additional 166 shares in the last quarter. Moody Lynn & Lieberson LLC increased its holdings in Intercontinental Exchange by 6.7% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 38,754 shares of the financial services provider’s stock worth $5,775,000 after purchasing an additional 2,430 shares during the period. Running Oak Capital LLC raised its position in Intercontinental Exchange by 9.3% during the 4th quarter. Running Oak Capital LLC now owns 90,115 shares of the financial services provider’s stock valued at $13,428,000 after purchasing an additional 7,672 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Intercontinental Exchange by 4.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 27,049 shares of the financial services provider’s stock worth $4,031,000 after buying an additional 1,121 shares during the period. Institutional investors own 89.30% of the company’s stock.

Insider Transactions at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 5,661 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the sale, the chief technology officer now directly owns 66,548 shares in the company, valued at $9,821,819.32. This represents a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $88,785.73. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. Insiders have sold 13,795 shares of company stock valued at $2,120,572 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Stock Up 2.1 %

NYSE:ICE opened at $160.82 on Tuesday. The company has a market cap of $92.34 billion, a PE ratio of 38.11, a P/E/G ratio of 2.95 and a beta of 1.10. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average is $152.98 and its two-hundred day moving average is $156.15. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $167.99.

Intercontinental Exchange (NYSE:ICE) last released 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. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the firm earned $1.46 EPS. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. Analysts anticipate that Intercontinental Exchange, Inc. will post 6.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ICE shares. Bank of America raised their price target on Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. 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 report on Monday, November 11th. Barclays cut their price objective on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. lowered their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Morgan Stanley lifted their price target on Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $175.27.

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.