FSA Wealth Management LLC Takes $31,000 Position in Intercontinental Exchange, Inc. (NYSE:ICE)

FSA Wealth Management LLC bought a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 196 shares of the financial services provider’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ICE. New Millennium Group LLC acquired a new stake in Intercontinental Exchange in the second quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new position in shares of Intercontinental Exchange during the second quarter worth approximately $25,000. Fairscale Capital LLC bought a new position in shares of Intercontinental Exchange in the 2nd quarter worth $25,000. Wolff Wiese Magana LLC grew its position in 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 purchasing an additional 147 shares during the period. Finally, Northwest Investment Counselors LLC bought a new stake in Intercontinental Exchange during the 3rd quarter valued at $26,000. 89.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $168.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised their price target on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Barclays cut their target price on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Finally, 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 report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $174.13.

Insider Buying and Selling at Intercontinental Exchange

In related news, COO Stuart Glen Williams sold 468 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $76,195.08. Following the sale, the chief operating officer now directly owns 13,530 shares in the company, valued at approximately $2,202,819.30. The trade was a 3.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Warren Gardiner sold 750 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $161.43, for a total transaction of $121,072.50. Following the transaction, the chief financial officer now owns 16,576 shares of the company’s stock, valued at $2,675,863.68. This represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,696 shares of company stock valued at $1,554,559. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Price Performance

ICE opened at $160.96 on Monday. The firm has a market cap of $92.42 billion, a P/E ratio of 38.14, a PEG ratio of 2.66 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. Intercontinental Exchange, Inc. has a fifty-two week low of $111.82 and a fifty-two week high of $167.99. The firm has a 50-day moving average of $160.62 and a 200 day moving average of $152.07.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.55. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company’s revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 EPS. On average, research analysts expect that Intercontinental Exchange, Inc. will post 6.07 EPS 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.