Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Merit Financial Group LLC

Merit Financial Group LLC lifted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 125.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,231 shares of the financial services provider's stock after acquiring an additional 4,573 shares during the period. Merit Financial Group LLC's holdings in Intercontinental Exchange were worth $1,227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ICE. Wealth Enhancement Advisory Services LLC increased its holdings in Intercontinental Exchange by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider's stock valued at $5,647,000 after purchasing an additional 366 shares during the last quarter. M&T Bank Corp boosted its position in shares of Intercontinental Exchange by 33.2% during the third 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 during the period. Dixon Mitchell Investment Counsel Inc. boosted its holdings in Intercontinental Exchange by 9.2% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 728,133 shares of the financial services provider's stock valued at $108,515,000 after acquiring an additional 61,110 shares during the period. Toronto Dominion Bank grew its position in Intercontinental Exchange by 1.6% in the 3rd 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, Bright Rock Capital Management LLC purchased a new stake in Intercontinental Exchange during the fourth quarter worth about $4,470,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Intercontinental Exchange Stock Performance

Shares of ICE traded up $2.39 during midday trading on Wednesday, reaching $154.11. 4,981,163 shares of the stock were exchanged, compared to its average volume of 3,462,212. The company has a market capitalization of $88.48 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 2.85 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $167.99. The business's 50-day moving average price is $152.96 and its 200 day moving average price is $155.86.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued 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. The company had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm's revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.46 earnings per share. On average, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.05 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on ICE. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Barclays dropped their price target on shares of Intercontinental Exchange from $187.00 to $179.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. Bank of America increased their price objective on Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Finally, Raymond James lowered Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 price target on the stock. in a research report on Monday, October 14th. 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 company. According to MarketBeat.com, Intercontinental Exchange currently has an average rating of "Moderate Buy" and an average target price of $175.27.

Insider Buying and Selling

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 601 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the transaction, the insider now directly owns 12,922 shares of the company's stock, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Stuart Glen Williams sold 750 shares of the company's stock in a transaction on Wednesday, December 18th. The stock was 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 approximately $1,955,212.20. The trade was a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,795 shares of company stock valued at $2,120,572 over the last quarter. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Company 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.