Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB trimmed its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 24.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,984 shares of the financial services provider's stock after selling 6,986 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Intercontinental Exchange were worth $3,276,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fairscale Capital LLC purchased a new position in shares of Intercontinental Exchange in the 2nd quarter valued at about $25,000. Wolff Wiese Magana LLC increased 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 purchasing an additional 147 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in Intercontinental Exchange in the third quarter valued at approximately $26,000. Financial Management Professionals Inc. raised its holdings in Intercontinental Exchange by 106.1% during the third 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. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research report on Friday. Barclays dropped their price objective on Intercontinental Exchange from $187.00 to $179.00 and set an "overweight" rating on the stock in a report on Monday, January 13th. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. StockNews.com downgraded Intercontinental Exchange from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th. Finally, TD Cowen started coverage on Intercontinental Exchange in a research note on Thursday, September 26th. They issued a "buy" rating and a $182.00 price objective for the company. One research 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.27.

Intercontinental Exchange Price Performance

Shares of ICE traded up $2.68 during mid-day trading on Tuesday, hitting $151.79. The company's stock had a trading volume of 4,420,318 shares, compared to its average volume of 3,335,618. 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, Inc. has a 1-year low of $124.34 and a 1-year high of $167.99. The firm has a market capitalization of $87.15 billion, a P/E ratio of 35.97, a P/E/G ratio of 2.84 and a beta of 1.10. The firm has a 50-day simple moving average of $153.04 and a 200 day simple moving average of $155.79.

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 the consensus estimate of $1.55. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business's revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.46 EPS. Analysts predict that Intercontinental Exchange, Inc. will post 6.06 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Mayur Kapani sold 5,661 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the sale, the chief technology officer now directly owns 66,548 shares in the company, valued at $9,821,819.32. The trade was a 7.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the firm's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the transaction, the chief operating officer now owns 12,780 shares of the company's stock, valued at $1,955,212.20. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,795 shares of company stock worth $2,120,572. 1.10% of the stock is owned by company insiders.

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.