BSW Wealth Partners Has $327,000 Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

BSW Wealth Partners lifted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 14.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,196 shares of the financial services provider’s stock after acquiring an additional 276 shares during the period. BSW Wealth Partners’ holdings in Intercontinental Exchange were worth $327,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Creative Planning increased its holdings in shares of Intercontinental Exchange by 8.8% during the 2nd quarter. Creative Planning now owns 54,262 shares of the financial services provider’s stock worth $7,428,000 after purchasing an additional 4,393 shares during the period. EP Wealth Advisors LLC increased its stake in Intercontinental Exchange by 9.2% during the second quarter. EP Wealth Advisors LLC now owns 6,665 shares of the financial services provider’s stock valued at $912,000 after acquiring an additional 559 shares during the period. Advisory Alpha LLC raised its holdings in Intercontinental Exchange by 35.4% in the 2nd quarter. Advisory Alpha LLC now owns 2,042 shares of the financial services provider’s stock valued at $280,000 after acquiring an additional 534 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Intercontinental Exchange by 3.2% in the 2nd quarter. Cetera Investment Advisers now owns 63,902 shares of the financial services provider’s stock worth $8,748,000 after acquiring an additional 2,006 shares during the period. Finally, New Century Financial Group LLC grew its holdings in shares of Intercontinental Exchange by 38.6% during the 2nd quarter. New Century Financial Group LLC now owns 2,247 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 626 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Insider Activity

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 955 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total transaction of $149,056.40. Following the completion of the sale, the general counsel now owns 44,702 shares in the company, valued at approximately $6,977,088.16. The trade was a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the transaction, the president now owns 156,163 shares in the company, valued at $24,986,080. This represents a 3.60 % 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 over the last 90 days. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Price Performance

Shares of ICE stock opened at $157.25 on Thursday. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $167.99. 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 firm’s 50 day moving average is $153.07 and its 200-day moving average is $156.32. The firm has a market capitalization of $90.29 billion, a price-to-earnings ratio of 37.26, a PEG ratio of 2.95 and a beta of 1.10.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.55. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.46 EPS. Sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ICE has been the subject of several research reports. Morgan Stanley raised their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. JPMorgan Chase & Co. dropped their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Bank of America lifted their price objective on Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.