Sendero Wealth Management LLC Buys 2,017 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Sendero Wealth Management LLC increased its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,569 shares of the financial services provider's stock after purchasing an additional 2,017 shares during the quarter. Intercontinental Exchange comprises about 1.1% of Sendero Wealth Management LLC's holdings, making the stock its 24th largest position. Sendero Wealth Management LLC's holdings in Intercontinental Exchange were worth $7,088,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Intercontinental Exchange by 54.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,381 shares of the financial services provider's stock worth $1,547,000 after acquiring an additional 3,648 shares during the period. Park Avenue Securities LLC raised its position in shares of Intercontinental Exchange by 21.2% in the fourth quarter. Park Avenue Securities LLC now owns 29,271 shares of the financial services provider's stock worth $4,362,000 after buying an additional 5,113 shares in the last quarter. Rockland Trust Co. boosted its stake in Intercontinental Exchange by 4,001.9% during the fourth quarter. Rockland Trust Co. now owns 107,838 shares of the financial services provider's stock valued at $16,069,000 after buying an additional 105,209 shares during the period. Fifth Third Wealth Advisors LLC grew its position in Intercontinental Exchange by 14.3% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 8,303 shares of the financial services provider's stock worth $1,237,000 after buying an additional 1,040 shares in the last quarter. Finally, Community Trust & Investment Co. increased its stake in Intercontinental Exchange by 1.4% in the 4th quarter. Community Trust & Investment Co. now owns 125,284 shares of the financial services provider's stock worth $18,668,000 after acquiring an additional 1,680 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intercontinental Exchange

In other news, COO Stuart Glen Williams sold 750 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the transaction, the chief operating officer now owns 12,780 shares of the company's stock, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the firm'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 owns 44,702 shares of the company's stock, valued at approximately $6,977,088.16. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,533 shares of company stock valued at $1,196,279. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ICE shares. Deutsche Bank Aktiengesellschaft lifted their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a research report on Monday, November 11th. Bank of America boosted their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Morgan Stanley raised their price objective on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. StockNews.com lowered shares of Intercontinental Exchange from a "hold" rating to a "sell" rating in a research report on Wednesday, January 8th. Finally, Barclays lowered their price target on Intercontinental Exchange from $187.00 to $179.00 and set an "overweight" rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $175.20.

Intercontinental Exchange Trading Up 1.3 %

NYSE:ICE traded up $1.87 during mid-day trading on Thursday, reaching $150.11. 2,823,368 shares of the company's stock traded hands, compared to its average volume of 3,223,848. The company has a 50 day moving average price of $153.47 and a 200-day moving average price of $155.48. The firm has a market capitalization of $86.19 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 2.29 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 12-month low of $124.34 and a 12-month high of $167.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 period in the previous year, the firm earned $1.46 earnings per share. The business's revenue was up 17.3% compared to the same quarter last year. On average, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.06 earnings per share for the current year.

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.