Ballentine Partners LLC Purchases 109 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Ballentine Partners LLC boosted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.8% in the 4th quarter, Holdings Channel reports. The firm owned 6,004 shares of the financial services provider’s stock after buying an additional 109 shares during the period. Ballentine Partners LLC’s holdings in Intercontinental Exchange were worth $895,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ICE. Benjamin F. Edwards & Company Inc. grew its position in Intercontinental Exchange by 139.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,634 shares of the financial services provider’s stock valued at $497,000 after acquiring an additional 2,117 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Intercontinental Exchange by 2,142.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 24,080 shares of the financial services provider’s stock valued at $3,296,000 after purchasing an additional 23,006 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Intercontinental Exchange by 8.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,772 shares of the financial services provider’s stock valued at $516,000 after purchasing an additional 289 shares during the last quarter. Resources Management Corp CT ADV grew its holdings in shares of Intercontinental Exchange by 5.3% during the 2nd quarter. Resources Management Corp CT ADV now owns 3,852 shares of the financial services provider’s stock valued at $527,000 after purchasing an additional 195 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Intercontinental Exchange by 60.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 109,681 shares of the financial services provider’s stock worth $15,014,000 after purchasing an additional 41,129 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insiders Place Their Bets

In related news, COO Stuart Glen Williams sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the transaction, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Scott Edmonds sold 601 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the sale, the insider now directly owns 12,922 shares of the company’s stock, valued at $1,908,967.06. This trade represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,795 shares of company stock worth $2,120,572. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Price Performance

ICE stock opened at $154.11 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The firm has a market cap of $88.48 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 2.85 and a beta of 1.10. The company’s fifty day simple moving average is $152.96 and its 200 day simple moving average is $155.86. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $167.99.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ICE. Barclays cut their target price on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Raymond James lowered Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective on the stock. in a research 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 report on Tuesday, January 7th. Piper Sandler lifted their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, TD Cowen began coverage on Intercontinental Exchange in a research note on Thursday, September 26th. They issued a “buy” rating and a $182.00 price objective for the company. One research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $175.27.

Intercontinental Exchange 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.