Cove Private Wealth LLC Grows Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Cove Private Wealth LLC raised its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 275.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,625 shares of the financial services provider's stock after purchasing an additional 4,125 shares during the quarter. Cove Private Wealth LLC's holdings in Intercontinental Exchange were worth $838,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ICE. Wolff Wiese Magana LLC increased its position 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 worth $25,000 after acquiring an additional 147 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in Intercontinental Exchange during the 3rd quarter worth approximately $26,000. Financial Management Professionals Inc. increased its holdings in Intercontinental Exchange by 106.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock worth $27,000 after purchasing an additional 87 shares in the last quarter. Fairscale Capital LLC purchased a new stake in shares of Intercontinental Exchange in the second quarter worth approximately $25,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Intercontinental Exchange in the third quarter valued at approximately $29,000. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Price Performance

Shares of ICE traded down $1.16 during mid-day trading on Monday, reaching $149.07. The stock had a trading volume of 3,301,963 shares, compared to its average volume of 2,416,945. The business has a fifty day moving average of $153.20 and a 200 day moving average of $155.73. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $85.59 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 2.29 and a beta of 1.10. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $167.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business 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 earnings per share. The business's revenue was up 17.3% on a year-over-year basis. Equities analysts predict that Intercontinental Exchange, Inc. will post 6.06 EPS for the current year.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several brokerages recently issued reports on ICE. Keefe, Bruyette & Woods decreased 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. Raymond James lowered shares of Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 target price for the company. in a research note on Monday, October 14th. The Goldman Sachs Group raised their price target on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. StockNews.com downgraded Intercontinental Exchange from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley increased their price objective on Intercontinental Exchange from $160.00 to $174.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. One 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. Based on data from MarketBeat, the company currently has an average 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.