Intercontinental Exchange, Inc. (NYSE:ICE) Stock Position Increased by Invesco LLC

Invesco LLC boosted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 22.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,893 shares of the financial services provider's stock after purchasing an additional 2,001 shares during the quarter. Invesco LLC's holdings in Intercontinental Exchange were worth $1,623,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC lifted its stake in Intercontinental Exchange by 1,470.0% in the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider's stock valued at $25,000 after buying an additional 147 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Intercontinental Exchange in the third quarter valued at $26,000. Financial Management Professionals Inc. boosted its position in shares of Intercontinental Exchange by 106.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock worth $27,000 after buying an additional 87 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Intercontinental Exchange during the 3rd quarter valued at about $29,000. Finally, FSA Wealth Management LLC acquired a new position in Intercontinental Exchange during the third quarter worth about $31,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Insider Activity at Intercontinental Exchange

In other news, President Benjamin Jackson sold 5,828 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the sale, the president now owns 156,163 shares in the company, valued at approximately $24,986,080. This represents a 3.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 955 shares of Intercontinental Exchange stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total value of $149,056.40. Following the completion of the transaction, the general counsel now owns 44,702 shares of the company's stock, valued at $6,977,088.16. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,795 shares of company stock valued at $2,120,572. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ICE. JPMorgan Chase & Co. dropped their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. 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 report on Monday, January 13th. Barclays dropped their price objective on Intercontinental Exchange from $187.00 to $179.00 and set an "overweight" rating for the company in a report on Monday, January 13th. Finally, Bank of America lifted their target price on Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $175.27.

Intercontinental Exchange Stock Up 1.4 %

Shares of NYSE ICE traded up $2.23 during trading on Thursday, reaching $159.45. 1,941,639 shares of the stock were exchanged, compared to its average volume of 3,218,181. The business's 50-day moving average price is $153.10 and its 200 day moving average price is $156.33. The company has a market capitalization of $91.55 billion, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 2.95 and a beta of 1.10. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $167.99. 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 (NYSE:ICE - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting analysts' consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.35 billion. During the same period in the prior year, the company posted $1.46 EPS. The firm's revenue for the quarter was up 17.3% on a year-over-year basis. As a group, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.05 EPS for the current fiscal year.

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.