Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,673 shares of the financial services provider’s stock after purchasing an additional 97 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Intercontinental Exchange were worth $1,715,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Assenagon Asset Management S.A. increased its holdings in shares of Intercontinental Exchange by 819.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider’s stock valued at $18,764,000 after acquiring an additional 122,169 shares during the last quarter. BDF Gestion acquired a new stake in shares of Intercontinental Exchange during the second quarter worth $2,849,000. Burke & Herbert Bank & Trust Co. bought a new position in shares of Intercontinental Exchange in the 2nd quarter worth about $1,366,000. Blue Trust Inc. boosted its holdings in shares of Intercontinental Exchange by 312.4% in the 2nd quarter. Blue Trust Inc. now owns 5,180 shares of the financial services provider’s stock valued at $712,000 after buying an additional 3,924 shares during the period. Finally, GDS Wealth Management grew its position in shares of Intercontinental Exchange by 5.3% during the 3rd quarter. GDS Wealth Management now owns 103,412 shares of the financial services provider’s stock valued at $16,612,000 after buying an additional 5,226 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Insiders Place Their Bets

In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the transaction, the general counsel now directly owns 44,865 shares in the company, valued at $7,159,108.05. The trade was a 4.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Warren Gardiner sold 750 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $161.43, for a total value of $121,072.50. Following the completion of the transaction, the chief financial officer now owns 16,576 shares of the company’s stock, valued at $2,675,863.68. This trade represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,868 shares of company stock worth $622,079. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ICE has been the subject of several recent research reports. Raymond James lowered Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price for the company. in a report on Monday, October 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Friday, November 1st. Barclays dropped their price objective on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and an average price target of $174.13.

Intercontinental Exchange Stock Up 0.2 %

Shares of ICE stock opened at $159.60 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $91.64 billion, a PE ratio of 37.82, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. The business’s fifty day moving average is $160.59 and its 200-day moving average is $151.34. Intercontinental Exchange, Inc. has a 1 year low of $111.82 and a 1 year high of $167.99.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share 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 company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the firm posted $1.46 EPS. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. Equities analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

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.