Park Avenue Securities LLC Acquires 5,113 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Park Avenue Securities LLC increased its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 21.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,271 shares of the financial services provider's stock after buying an additional 5,113 shares during the period. Park Avenue Securities LLC's holdings in Intercontinental Exchange were worth $4,362,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wolff Wiese Magana LLC boosted its holdings in shares of Intercontinental Exchange by 1,470.0% in the 3rd 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 period. Northwest Investment Counselors LLC bought a new position in Intercontinental Exchange in the third quarter worth about $26,000. Financial Management Professionals Inc. boosted its stake in Intercontinental Exchange by 106.1% in the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 87 shares during the period. Fairscale Capital LLC bought a new position in shares of Intercontinental Exchange during the second quarter valued at approximately $25,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Intercontinental Exchange during the 3rd quarter worth approximately $29,000. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Price Performance

Shares of Intercontinental Exchange stock traded down $1.16 during midday trading on Friday, reaching $149.07. The company had a trading volume of 3,301,963 shares, compared to its average volume of 3,231,314. 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 stock has a fifty day simple moving average of $153.35 and a 200 day simple moving average of $155.44. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $167.99. The company has a market capitalization of $85.59 billion, a price-to-earnings 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 announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting the consensus estimate of $1.55. The firm 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 company's quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.46 EPS. As a group, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.06 earnings per share for the current year.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange 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 transaction of $835,506.99. Following the sale, the chief technology officer now directly owns 66,548 shares of the company's stock, valued at $9,821,819.32. The trade was a 7.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Benjamin Jackson sold 5,828 shares of the company's stock in a transaction dated Monday, November 25th. The stock was 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 $24,986,080. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,795 shares of company stock worth $2,120,572 in the last quarter. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

ICE has been the topic of a number of recent research reports. Morgan Stanley boosted their price target on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. TD Cowen assumed coverage on shares of Intercontinental Exchange in a research report on Thursday, September 26th. They issued a "buy" rating and a $182.00 price objective on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Bank of America lifted their price target on Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. reduced 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock 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.