Nicholas Hoffman & Company LLC. Sells 844 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Nicholas Hoffman & Company LLC. cut its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 15.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,778 shares of the financial services provider’s stock after selling 844 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Intercontinental Exchange were worth $768,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ICE. Integrated Advisors Network LLC increased its position in shares of Intercontinental Exchange by 4.0% during the third quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 66 shares in the last quarter. abrdn plc lifted its holdings in shares of Intercontinental Exchange by 6.8% in the third quarter. abrdn plc now owns 578,634 shares of the financial services provider’s stock valued at $92,622,000 after purchasing an additional 36,703 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Intercontinental Exchange by 57.5% during the third quarter. Nisa Investment Advisors LLC now owns 294,542 shares of the financial services provider’s stock worth $47,315,000 after buying an additional 107,485 shares in the last quarter. First American Bank raised its position in Intercontinental Exchange by 12.5% in the 3rd quarter. First American Bank now owns 73,083 shares of the financial services provider’s stock valued at $11,740,000 after buying an additional 8,123 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Intercontinental Exchange by 6.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 66,696 shares of the financial services provider’s stock valued at $10,714,000 after acquiring an additional 4,320 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $166.72 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $95.72 billion, a PE ratio of 41.27, a PEG ratio of 2.50 and a beta of 1.08. The firm has a 50 day moving average of $161.97 and a 200-day moving average of $147.84. Intercontinental Exchange, Inc. has a 12 month low of $104.91 and a 12 month high of $167.64.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period last year, the firm posted $1.43 earnings per share. Intercontinental Exchange’s revenue was up 22.7% compared to the same quarter last year. On average, equities research analysts predict that Intercontinental Exchange, Inc. will post 6.12 EPS for the current fiscal year.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 602 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $98,011.62. Following the sale, the insider now directly owns 14,034 shares of the company’s stock, valued at $2,284,875.54. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Martha A. Tirinnanzi sold 509 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $158.98, for a total value of $80,920.82. Following the transaction, the director now owns 3,958 shares in the company, valued at approximately $629,242.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Scott Edmonds sold 602 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the sale, the insider now owns 14,034 shares of the company’s stock, valued at approximately $2,284,875.54. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,489 shares of company stock worth $1,202,259. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ICE. Barclays boosted their price objective on shares of Intercontinental Exchange from $167.00 to $179.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $168.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Morgan Stanley increased their price target on Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $173.93.

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.