Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC increased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 9.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 14,405 shares of the financial services provider’s stock after purchasing an additional 1,295 shares during the period. Castle Rock Wealth Management LLC’s holdings in Intercontinental Exchange were worth $2,314,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Scarborough Advisors LLC bought a new position in Intercontinental Exchange during the fourth quarter worth $25,000. Annapolis Financial Services LLC grew its holdings in shares of Intercontinental Exchange by 1,018.8% during the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 163 shares during the last quarter. New Millennium Group LLC acquired a new stake in shares of Intercontinental Exchange in the second quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new position in Intercontinental Exchange during the 2nd quarter valued at about $25,000. Finally, Fairscale Capital LLC acquired a new stake in Intercontinental Exchange during the 2nd quarter worth $25,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 0.7 %

ICE traded up $1.08 during midday trading on Friday, reaching $161.73. 427,197 shares of the company’s stock traded hands, compared to its average volume of 2,475,707. The stock has a market capitalization of $92.86 billion, a price-to-earnings ratio of 39.77, a P/E/G ratio of 2.62 and a beta of 1.08. The firm has a fifty day moving average of $158.94 and a two-hundred day moving average of $145.04. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $164.18. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping the consensus estimate of $1.49 by $0.03. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 earnings per share. On average, equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.08 earnings per share for the current fiscal year.

Insider Activity

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total value of $148,600.00. Following the transaction, the insider now directly owns 14,636 shares in the company, valued at approximately $2,174,909.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Stuart Glen Williams sold 468 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $76,195.08. Following the completion of the sale, the chief operating officer now directly owns 13,530 shares of the company’s stock, valued at approximately $2,202,819.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christopher Scott Edmonds sold 1,000 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total transaction of $148,600.00. Following the transaction, the insider now directly owns 14,636 shares in the company, valued at $2,174,909.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,532 shares of company stock valued at $1,507,309 over the last three months. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ICE shares. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Bank of America boosted their target price on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. TD Cowen initiated coverage on shares of Intercontinental Exchange in a report on Thursday, September 26th. They set a “buy” rating and a $182.00 target price for the company. Piper Sandler increased their price objective on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $170.67.

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.