Carnegie Investment Counsel Increases Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Carnegie Investment Counsel increased its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 28.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,468 shares of the financial services provider's stock after buying an additional 4,117 shares during the quarter. Carnegie Investment Counsel's holdings in Intercontinental Exchange were worth $2,752,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ICE. Fairscale Capital LLC acquired a new stake in Intercontinental Exchange during the 2nd quarter valued at $25,000. Wolff Wiese Magana LLC increased its position in 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 buying an additional 147 shares during the period. Northwest Investment Counselors LLC bought a new position in Intercontinental Exchange during the 3rd quarter worth $26,000. Financial Management Professionals Inc. increased its position in 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 buying an additional 87 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in Intercontinental Exchange during the 3rd quarter worth $29,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock traded down $1.16 during midday trading on Friday, reaching $149.07. The company's stock had a trading volume of 3,301,963 shares, compared to its average volume of 2,416,945. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $167.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $153.20 and a 200-day moving average price of $155.53. The stock has a market cap of $85.59 billion, a PE ratio of 35.33, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.35 billion. During the same quarter in the previous year, the business posted $1.46 earnings per share. The business's revenue for the quarter was up 17.3% on a year-over-year basis. On average, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.06 EPS for the current year.

Insider Activity

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,661 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the transaction, the chief technology officer now directly owns 66,548 shares of the company's stock, valued at approximately $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the business'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 value of $149,056.40. Following the completion of the transaction, the general counsel now directly owns 44,702 shares in the company, valued at approximately $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 three months, insiders have sold 13,795 shares of company stock valued at $2,120,572. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. StockNews.com cut Intercontinental Exchange from a "hold" rating to a "sell" rating in a research report on Wednesday, January 8th. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Bank of America increased their price objective on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. The Goldman Sachs Group increased their price objective on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Finally, TD Cowen initiated coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They issued a "buy" rating and a $182.00 price target on the stock. 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 stock. According to MarketBeat, Intercontinental Exchange has an average rating of "Moderate Buy" and a consensus price target of $175.27.

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.