Intercontinental Exchange, Inc. (NYSE:ICE) Stock Holdings Lifted by Forsta AP Fonden

Forsta AP Fonden lifted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 122,000 shares of the financial services provider's stock after purchasing an additional 3,900 shares during the quarter. Forsta AP Fonden's holdings in Intercontinental Exchange were worth $18,179,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Creative Planning increased its position in Intercontinental Exchange by 8.8% during the 2nd quarter. Creative Planning now owns 54,262 shares of the financial services provider's stock worth $7,428,000 after purchasing an additional 4,393 shares in the last quarter. EP Wealth Advisors LLC boosted its position in Intercontinental Exchange by 9.2% during the 2nd quarter. EP Wealth Advisors LLC now owns 6,665 shares of the financial services provider's stock worth $912,000 after purchasing an additional 559 shares during the period. Advisory Alpha LLC raised its position in Intercontinental Exchange by 35.4% in the second quarter. Advisory Alpha LLC now owns 2,042 shares of the financial services provider's stock valued at $280,000 after purchasing an additional 534 shares during the period. Cetera Investment Advisers lifted its stake in shares of Intercontinental Exchange by 3.2% during the second quarter. Cetera Investment Advisers now owns 63,902 shares of the financial services provider's stock worth $8,748,000 after purchasing an additional 2,006 shares in the last quarter. Finally, New Century Financial Group LLC boosted its position in shares of Intercontinental Exchange by 38.6% in the second quarter. New Century Financial Group LLC now owns 2,247 shares of the financial services provider's stock worth $308,000 after buying an additional 626 shares during the period. Institutional investors and hedge funds own 89.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ICE. Morgan Stanley increased their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. The Goldman Sachs Group increased their target price on Intercontinental Exchange from $171.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Raymond James lowered 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. Bank of America increased their target price on Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Finally, Barclays lowered their target price on Intercontinental Exchange from $187.00 to $179.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $175.27.

Intercontinental Exchange Stock Performance

NYSE ICE traded up $2.96 on Thursday, hitting $160.18. The stock had a trading volume of 443,750 shares, compared to its average volume of 3,136,128. The company's 50-day moving average is $153.10 and its two-hundred day moving average is $156.33. The stock has a market cap of $91.97 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 2.95 and a beta of 1.10. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $167.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting 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 firm's revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.46 EPS. On average, analysts expect that Intercontinental Exchange, Inc. will post 6.05 earnings per share for the current year.

Insider Activity at Intercontinental Exchange

In other news, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the transaction, the president now owns 156,163 shares of the company's stock, valued at $24,986,080. The trade was a 3.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total transaction of $88,785.73. Following the completion of the transaction, the insider now directly owns 12,922 shares in the company, valued at $1,908,967.06. This represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,795 shares of company stock worth $2,120,572 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

About Intercontinental Exchange

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.