Avantra Family Wealth Inc. Invests $702,000 in Intercontinental Exchange, Inc. (NYSE:ICE)

Avantra Family Wealth Inc. bought a new stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,709 shares of the financial services provider's stock, valued at approximately $702,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC lifted its holdings in Intercontinental Exchange by 1,470.0% in the 3rd 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 in the last quarter. Northwest Investment Counselors LLC purchased a new position in Intercontinental Exchange in the 3rd quarter valued at about $26,000. Financial Management Professionals Inc. lifted its holdings in Intercontinental Exchange by 106.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 87 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Intercontinental Exchange in the 3rd quarter valued at about $29,000. Finally, FSA Wealth Management LLC purchased a new position in Intercontinental Exchange in the 3rd quarter valued at about $31,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Performance

Shares of ICE stock traded up $0.38 during trading on Friday, reaching $159.82. The company had a trading volume of 2,624,045 shares, compared to its average volume of 2,960,229. The firm's 50 day simple moving average is $153.12 and its two-hundred day simple moving average is $156.49. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $167.99. The company has a market capitalization of $91.77 billion, a PE ratio of 37.87, a PEG ratio of 3.01 and a beta of 1.10.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting analysts' consensus estimates of $1.55. The business 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 firm's revenue was up 17.3% compared to the same quarter last year. During the same period last year, the business earned $1.46 EPS. Sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Piper Sandler upped their price objective on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Barclays dropped their price objective on shares of Intercontinental Exchange from $187.00 to $179.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. StockNews.com downgraded shares of Intercontinental Exchange from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Intercontinental Exchange from $183.00 to $178.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.27.

Insider Transactions at Intercontinental Exchange

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

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.