Sendero Wealth Management LLC Has $7.09 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Sendero Wealth Management LLC boosted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 8.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 51,587 shares of the financial services provider’s stock after buying an additional 4,180 shares during the period. Intercontinental Exchange makes up 1.2% of Sendero Wealth Management LLC’s portfolio, making the stock its 19th largest holding. Sendero Wealth Management LLC’s holdings in Intercontinental Exchange were worth $7,090,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Scarborough Advisors LLC acquired a new position in Intercontinental Exchange in the 4th quarter valued at about $25,000. Fortitude Family Office LLC bought a new stake in Intercontinental Exchange in the 4th quarter valued at about $28,000. Stuart Chaussee & Associates Inc. bought a new stake in Intercontinental Exchange in the 4th quarter valued at about $28,000. Altshuler Shaham Ltd bought a new stake in Intercontinental Exchange in the 4th quarter valued at about $29,000. Finally, Sachetta LLC bought a new stake in Intercontinental Exchange in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ICE shares. Keefe, Bruyette & Woods cut their price objective on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Argus reissued a “buy” rating and issued a $153.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, May 21st. Rosenblatt Securities reissued a “buy” rating and issued a $164.00 price objective on shares of Intercontinental Exchange in a report on Friday, May 3rd. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, May 31st. Finally, Barclays cut their price target on shares of Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $148.29.

Insider Activity

In related news, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total transaction of $259,380.68. Following the completion of the transaction, the general counsel now owns 46,815 shares of the company’s stock, valued at $6,397,737.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total transaction of $259,380.68. Following the completion of the transaction, the general counsel now owns 46,815 shares of the company’s stock, valued at $6,397,737.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 341 shares of Intercontinental Exchange stock in a transaction on Friday, April 26th. The stock was sold at an average price of $131.74, for a total transaction of $44,923.34. Following the transaction, the general counsel now directly owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,894 shares of company stock valued at $8,620,792. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Down 0.4 %

Shares of ICE stock traded down $0.58 during trading hours on Friday, hitting $136.89. 4,040,390 shares of the company’s stock traded hands, compared to its average volume of 2,348,661. The stock’s 50 day simple moving average is $134.52 and its 200 day simple moving average is $132.72. The stock has a market cap of $78.52 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $140.43. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.48. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.41 earnings per share. On average, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 5.96 EPS for the current year.

Intercontinental Exchange Company 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.