Nicholson Wealth Management Group LLC Buys Shares of 4,389 Intercontinental Exchange, Inc. (NYSE:ICE)

Nicholson Wealth Management Group LLC bought a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,389 shares of the financial services provider’s stock, valued at approximately $705,000.

Several other large investors have also modified their holdings of the stock. Assenagon Asset Management S.A. raised its position in Intercontinental Exchange by 819.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider’s stock worth $18,764,000 after buying an additional 122,169 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Intercontinental Exchange by 7.0% in the first quarter. Russell Investments Group Ltd. now owns 317,544 shares of the financial services provider’s stock valued at $43,617,000 after purchasing an additional 20,802 shares during the period. Mission Wealth Management LP purchased a new stake in Intercontinental Exchange in the 1st quarter valued at approximately $866,000. UniSuper Management Pty Ltd boosted its holdings in Intercontinental Exchange by 200.2% in the 1st quarter. UniSuper Management Pty Ltd now owns 14,459 shares of the financial services provider’s stock valued at $1,987,000 after purchasing an additional 9,642 shares in the last quarter. Finally, BDF Gestion acquired a new position in Intercontinental Exchange during the 2nd quarter worth approximately $2,849,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Barclays lifted their price target on Intercontinental Exchange from $167.00 to $179.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. The Goldman Sachs Group boosted their target price on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. StockNews.com cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Monday. Morgan Stanley upped their target price on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, TD Cowen began coverage on shares of Intercontinental Exchange in a research report on Thursday, September 26th. They set a “buy” rating and a $182.00 price target for the company. One 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. Based on data from MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and a consensus target price of $173.93.

Insider Buying and Selling at Intercontinental Exchange

In other news, CAO James W. Namkung sold 1,171 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $160.00, for a total transaction of $187,360.00. Following the sale, the chief accounting officer now owns 16,665 shares in the company, valued at $2,666,400. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Warren Gardiner sold 750 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $161.43, for a total transaction of $121,072.50. Following the transaction, the chief financial officer now directly owns 16,576 shares in the company, valued at $2,675,863.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO James W. Namkung sold 1,171 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $160.00, for a total transaction of $187,360.00. Following the completion of the sale, the chief accounting officer now owns 16,665 shares of the company’s stock, valued at approximately $2,666,400. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,489 shares of company stock worth $1,202,259. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Up 1.1 %

Intercontinental Exchange stock opened at $166.89 on Friday. The stock has a 50-day moving average price of $161.21 and a 200 day moving average price of $146.86. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $167.54. The stock has a market cap of $95.73 billion, a PE ratio of 38.28, a P/E/G ratio of 2.62 and a beta of 1.08. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 earnings per share. Equities research analysts predict that Intercontinental Exchange, Inc. will post 6.08 earnings per share for the current fiscal year.

About Intercontinental Exchange

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.