Financial Enhancement Group LLC Buys 29,656 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Financial Enhancement Group LLC grew its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 74.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,457 shares of the financial services provider's stock after buying an additional 29,656 shares during the quarter. Intercontinental Exchange makes up 1.5% of Financial Enhancement Group LLC's portfolio, making the stock its 25th largest position. Financial Enhancement Group LLC's holdings in Intercontinental Exchange were worth $9,994,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ICE. Fairscale Capital LLC bought a new stake in Intercontinental Exchange during the 2nd quarter worth about $25,000. Wolff Wiese Magana LLC increased its stake in shares of Intercontinental Exchange by 1,470.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider's stock worth $25,000 after purchasing an additional 147 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Intercontinental Exchange during the 3rd quarter worth about $26,000. Financial Management Professionals Inc. increased its stake in shares of 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 during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Intercontinental Exchange during the 3rd quarter worth about $29,000. 89.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ICE has been the topic of several recent analyst reports. TD Cowen initiated coverage on shares of Intercontinental Exchange in a research note on Thursday, September 26th. They set a "buy" rating and a $182.00 price objective on the stock. StockNews.com lowered shares of Intercontinental Exchange from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th. The Goldman Sachs Group upped their price target on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Intercontinental Exchange from $183.00 to $178.00 and set an "outperform" rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Intercontinental Exchange has a consensus rating of "Moderate Buy" and an average target price of $175.20.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE traded up $1.87 on Thursday, reaching $150.11. 2,819,282 shares of the company's stock were exchanged, compared to its average volume of 3,223,831. The company has a fifty day moving average of $153.47 and a 200-day moving average of $155.48. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $167.99. The company has a market capitalization of $86.19 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 2.29 and a beta of 1.10. 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 announced its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (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 firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the business posted $1.46 EPS. The business's revenue was up 17.3% compared to the same quarter last year. On average, research analysts predict that Intercontinental Exchange, Inc. will post 6.06 EPS for the current fiscal year.

Insider Transactions at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 955 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total transaction of $149,056.40. Following the completion of the sale, the general counsel now owns 44,702 shares of the company's stock, valued at approximately $6,977,088.16. This represents a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of the company's stock in a transaction that occurred 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 sale, the president now directly owns 156,163 shares of the company's stock, valued at approximately $24,986,080. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,533 shares of company stock valued at $1,196,279. Company insiders own 1.10% of the company's stock.

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.