Thurston Springer Miller Herd & Titak Inc. Increases Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Thurston Springer Miller Herd & Titak Inc. boosted its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 54.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,381 shares of the financial services provider's stock after purchasing an additional 3,648 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Intercontinental Exchange were worth $1,547,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Intercontinental Exchange by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider's stock worth $5,647,000 after buying an additional 366 shares in the last quarter. M&T Bank Corp increased its stake in Intercontinental Exchange by 33.2% in the 3rd quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider's stock worth $7,500,000 after acquiring an additional 11,648 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Intercontinental Exchange by 1.6% during the 3rd quarter. Toronto Dominion Bank now owns 310,560 shares of the financial services provider's stock worth $49,888,000 after acquiring an additional 4,973 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of Intercontinental Exchange during the 3rd quarter valued at approximately $14,880,000. Finally, GDS Wealth Management grew its holdings in shares of Intercontinental Exchange by 5.3% in the third quarter. GDS Wealth Management now owns 103,412 shares of the financial services provider's stock valued at $16,612,000 after purchasing an additional 5,226 shares in the last quarter. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Trading Up 2.0 %

Shares of NYSE ICE traded up $2.86 during mid-day trading on Wednesday, reaching $148.11. The company had a trading volume of 5,105,092 shares, compared to its average volume of 3,267,742. The stock has a market cap of $85.04 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $167.99. The business's 50-day moving average is $153.62 and its 200-day moving average is $155.53. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting analysts' consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. 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 prior year, the firm earned $1.46 EPS. The company's revenue for the quarter was up 17.3% compared to the same quarter last year. Equities analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Insiders Place Their Bets

In other news, President Benjamin Jackson sold 5,828 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the transaction, the president now owns 156,163 shares of the company's stock, valued at approximately $24,986,080. This represents a 3.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders have sold 7,533 shares of company stock worth $1,196,279 in the last ninety days. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

ICE has been the topic of a number of recent research reports. Barclays decreased their price target on shares of Intercontinental Exchange from $187.00 to $179.00 and set an "overweight" rating on the stock in a research note on Monday. StockNews.com cut shares of Intercontinental Exchange from a "hold" rating to a "sell" rating in a research report on Wednesday, January 8th. TD Cowen assumed coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They issued a "buy" rating and a $182.00 price target for the company. The Goldman Sachs Group upped their price objective on Intercontinental Exchange from $171.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. raised their price objective on Intercontinental Exchange from $171.00 to $188.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $175.20.

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.