Brophy Wealth Management LLC Purchases New Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Brophy Wealth Management LLC bought a new stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,395 shares of the financial services provider's stock, valued at approximately $706,000.

Other hedge funds have also made changes to their positions in the company. M&T Bank Corp increased its holdings in shares of Intercontinental Exchange by 33.2% in the third quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider's stock valued at $7,500,000 after purchasing an additional 11,648 shares in the last quarter. LRI Investments LLC lifted its position in Intercontinental Exchange by 2,300.4% in the 3rd quarter. LRI Investments LLC now owns 24,796 shares of the financial services provider's stock valued at $3,983,000 after acquiring an additional 23,763 shares in the last quarter. Roffman Miller Associates Inc. PA lifted its position in Intercontinental Exchange by 8.6% during the 3rd quarter. Roffman Miller Associates Inc. PA now owns 106,490 shares of the financial services provider's stock worth $17,106,000 after buying an additional 8,413 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Intercontinental Exchange by 6.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 169,270 shares of the financial services provider's stock worth $27,192,000 after buying an additional 10,399 shares in the last quarter. Finally, MML Investors Services LLC lifted its position in Intercontinental Exchange by 10.6% during the 3rd quarter. MML Investors Services LLC now owns 54,673 shares of the financial services provider's stock worth $8,783,000 after buying an additional 5,224 shares in the last quarter. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE traded up $2.20 during midday trading on Tuesday, hitting $158.27. The company had a trading volume of 1,158,370 shares, compared to its average volume of 2,593,046. Intercontinental Exchange, Inc. has a 12-month low of $113.87 and a 12-month high of $167.99. The company has a fifty day moving average of $160.29 and a two-hundred day moving average of $152.89. The company has a market cap of $90.87 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 2.58 and a beta of 1.08. 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 (NYSE:ICE - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 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 last year, the company earned $1.46 earnings per share. On average, equities research analysts expect that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Insider Activity

In related news, insider Christopher Scott Edmonds sold 602 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was 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 approximately $2,284,875.54. This represents a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Stuart Glen Williams sold 468 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $76,195.08. Following the completion of the sale, the chief operating officer now directly owns 13,530 shares in the company, valued at approximately $2,202,819.30. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,946 shares of company stock worth $1,433,486 in the last three months. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Bank of America upped their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. TD Cowen started coverage on shares of Intercontinental Exchange in a research report on Thursday, September 26th. They set a "buy" rating and a $182.00 target price on the stock. Royal Bank of Canada restated an "outperform" rating and set a $200.00 target price on shares of Intercontinental Exchange in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Finally, Raymond James lowered shares of Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 target price on the stock. in a research report on Monday, October 14th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $175.07.

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.