Krilogy Financial LLC Makes New Investment in Intercontinental Exchange, Inc. (NYSE:ICE)

Krilogy Financial LLC acquired a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 21,123 shares of the financial services provider's stock, valued at approximately $3,148,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in 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 purchasing an additional 366 shares during the period. M&T Bank Corp raised its position in shares of Intercontinental Exchange by 33.2% during the 3rd quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider's stock worth $7,500,000 after buying an additional 11,648 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. lifted its stake in shares of Intercontinental Exchange by 9.2% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 728,133 shares of the financial services provider's stock worth $108,515,000 after acquiring an additional 61,110 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Intercontinental Exchange by 1.6% in the third quarter. Toronto Dominion Bank now owns 310,560 shares of the financial services provider's stock valued at $49,888,000 after acquiring an additional 4,973 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of Intercontinental Exchange during the third quarter valued at approximately $14,880,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Down 0.8 %

NYSE:ICE traded down $1.16 on Friday, hitting $149.07. 3,301,963 shares of the company's stock traded hands, compared to its average volume of 2,416,945. The firm has a 50-day moving average price of $153.20 and a 200-day moving average price of $155.63. 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 company 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, Inc. has a 1 year low of $124.34 and a 1 year high of $167.99.

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

Analysts Set New Price Targets

ICE has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their target price on Intercontinental Exchange from $183.00 to $178.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Raymond James lowered shares of Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 price objective for the company. in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a research note on Monday, November 11th. TD Cowen started coverage on shares of Intercontinental Exchange in a research report on Thursday, September 26th. They issued a "buy" rating and a $182.00 price target on the stock. Finally, Piper Sandler upped their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.27.

Insider Transactions at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 601 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total transaction of $88,785.73. Following the transaction, the insider now owns 12,922 shares of the company's stock, valued at approximately $1,908,967.06. This trade represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the sale, the president now owns 156,163 shares of the company's stock, valued at $24,986,080. This trade represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,795 shares of company stock valued at $2,120,572. 1.10% of the stock is owned by 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.