Ascent Group LLC Has $1.94 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Ascent Group LLC lowered its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,048 shares of the financial services provider’s stock after selling 670 shares during the period. Ascent Group LLC’s holdings in Intercontinental Exchange were worth $1,935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ICE. New Millennium Group LLC acquired a new position in shares of Intercontinental Exchange during the second quarter valued at about $25,000. International Assets Investment Management LLC acquired a new position in shares of Intercontinental Exchange during the second quarter valued at about $25,000. Fairscale Capital LLC acquired a new position in shares of Intercontinental Exchange during the second quarter valued at about $25,000. Wolff Wiese Magana LLC raised its holdings in shares of Intercontinental Exchange by 1,470.0% during the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 147 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Intercontinental Exchange during the third quarter valued at about $26,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ICE. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $168.00 target price on shares of Intercontinental Exchange in a report on Tuesday, August 6th. The Goldman Sachs Group upped their target price on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Friday, November 1st. Morgan Stanley upped their target price on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Finally, StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $174.13.

Insider Activity

In other news, insider Christopher Scott Edmonds sold 602 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 transaction of $98,011.62. Following the completion of the transaction, the insider now directly owns 14,034 shares of the company’s stock, valued at $2,284,875.54. This represents a 4.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Benjamin Jackson sold 5,828 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the transaction, the president now directly owns 156,163 shares of the company’s stock, 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 sold 9,696 shares of company stock valued at $1,554,559 in the last three months. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Down 1.7 %

Shares of ICE stock opened at $158.29 on Tuesday. Intercontinental Exchange, Inc. has a 52-week low of $111.82 and a 52-week high of $167.99. The company has a 50-day simple moving average of $160.62 and a two-hundred day simple moving average of $152.07. The company has a market capitalization of $90.89 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 2.66 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the firm earned $1.46 EPS. The company’s revenue was up 17.3% compared to the same quarter last year. Research analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

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.