Sargent Investment Group LLC Has $780,000 Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Sargent Investment Group LLC lifted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 117.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,421 shares of the financial services provider’s stock after buying an additional 2,924 shares during the period. Sargent Investment Group LLC’s holdings in Intercontinental Exchange were worth $780,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ICE. AMF Tjanstepension AB raised its holdings in shares of Intercontinental Exchange by 14.5% in the 3rd quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock worth $20,441,000 after buying an additional 16,130 shares in the last quarter. Czech National Bank increased its holdings in Intercontinental Exchange by 7.0% during the 3rd quarter. Czech National Bank now owns 116,958 shares of the financial services provider’s stock valued at $18,788,000 after purchasing an additional 7,656 shares in the last quarter. GAMMA Investing LLC increased its holdings in Intercontinental Exchange by 35.4% during the 3rd quarter. GAMMA Investing LLC now owns 8,359 shares of the financial services provider’s stock valued at $1,343,000 after purchasing an additional 2,186 shares in the last quarter. Diversified Trust Co increased its holdings in Intercontinental Exchange by 281.4% during the 3rd quarter. Diversified Trust Co now owns 5,953 shares of the financial services provider’s stock valued at $956,000 after purchasing an additional 4,392 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in Intercontinental Exchange by 6.6% during the 3rd quarter. Mather Group LLC. now owns 2,352 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 146 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Down 0.6 %

NYSE:ICE opened at $159.37 on Wednesday. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $167.99. 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 capitalization of $91.50 billion, a P/E ratio of 37.76, a P/E/G ratio of 3.06 and a beta of 1.11. The stock’s fifty day simple moving average is $153.14 and its 200-day simple moving average is $156.63.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ICE shares. JPMorgan Chase & Co. dropped their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Keefe, Bruyette & Woods dropped their price target on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Piper Sandler raised their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Finally, Barclays dropped their price target on Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating for the company in a report on Monday, January 13th. One equities 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $175.27.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the transaction, the chief technology officer now directly owns 66,548 shares in the company, valued at approximately $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 955 shares of Intercontinental Exchange stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total value of $149,056.40. Following the transaction, the general counsel now owns 44,702 shares in the company, valued at approximately $6,977,088.16. This represents a 2.09 % 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 worth $2,120,572 in the last three months. Insiders own 1.10% of the company’s stock.

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.