Linscomb Wealth Inc. Purchases 115 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Linscomb Wealth Inc. grew its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 7.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,697 shares of the financial services provider’s stock after purchasing an additional 115 shares during the quarter. Linscomb Wealth Inc.’s holdings in Intercontinental Exchange were worth $233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Scarborough Advisors LLC bought a new position in Intercontinental Exchange during the 4th quarter worth approximately $25,000. Annapolis Financial Services LLC grew its position in Intercontinental Exchange by 1,018.8% during the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 163 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in Intercontinental Exchange during the 1st quarter worth approximately $26,000. Stuart Chaussee & Associates Inc. bought a new position in Intercontinental Exchange during the 4th quarter worth approximately $28,000. Finally, Venturi Wealth Management LLC grew its position in shares of Intercontinental Exchange by 82.3% in the 1st quarter. Venturi Wealth Management LLC now owns 206 shares of the financial services provider’s stock worth $28,000 after buying an additional 93 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ICE. Citigroup lifted their price objective on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Bank of America cut their price objective on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Barclays lifted their price objective on Intercontinental Exchange from $150.00 to $159.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. The Goldman Sachs Group upgraded Intercontinental Exchange from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $143.00 to $167.00 in a research report on Monday, July 1st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $164.00 price objective on shares of Intercontinental Exchange in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $152.07.

Intercontinental Exchange Stock Up 1.3 %

NYSE:ICE traded up $1.97 during trading hours on Friday, reaching $151.00. 2,066,933 shares of the company traded hands, compared to its average volume of 2,815,487. The business’s 50-day moving average price is $139.66 and its two-hundred day moving average price is $135.62. The stock has a market capitalization of $86.61 billion, a P/E ratio of 34.63, a P/E/G ratio of 2.65 and a beta of 1.06. Intercontinental Exchange, Inc. has a 1 year low of $104.49 and a 1 year high of $151.72. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.48. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.41 earnings per share. Analysts predict that Intercontinental Exchange, Inc. will post 6 earnings per share for the current year.

Insider Buying and Selling at Intercontinental Exchange

In other news, CAO James W. Namkung sold 1,043 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total transaction of $156,450.00. Following the transaction, the chief accounting officer now directly owns 17,836 shares of the company’s stock, valued at $2,675,400. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Christopher Scott Edmonds sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $148.60, for a total transaction of $148,600.00. Following the transaction, the insider now directly owns 14,636 shares of the company’s stock, valued at $2,174,909.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO James W. Namkung sold 1,043 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total value of $156,450.00. Following the sale, the chief accounting officer now owns 17,836 shares of the company’s stock, valued at approximately $2,675,400. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,992 shares of company stock worth $9,197,801. 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.