Hollow Brook Wealth Management LLC Buys Shares of 1,379 Intercontinental Exchange, Inc. (NYSE:ICE)

Hollow Brook Wealth Management LLC acquired a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 1,379 shares of the financial services provider’s stock, valued at approximately $222,000.

Several other large investors have also bought and sold shares of the business. Centiva Capital LP raised its stake in shares of Intercontinental Exchange by 114.0% during the third quarter. Centiva Capital LP now owns 8,883 shares of the financial services provider’s stock valued at $1,427,000 after acquiring an additional 4,733 shares during the last quarter. Benjamin Edwards Inc. increased its stake in shares of Intercontinental Exchange by 150.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 7,191 shares of the financial services provider’s stock valued at $1,155,000 after acquiring an additional 4,319 shares in the last quarter. Atom Investors LP acquired a new position in shares of Intercontinental Exchange during the 3rd quarter valued at $305,000. Point72 Hong Kong Ltd acquired a new stake in Intercontinental Exchange in the third quarter worth $16,187,000. Finally, FSA Wealth Management LLC bought a new stake in Intercontinental Exchange in the third quarter valued at $31,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. TD Cowen started coverage on Intercontinental Exchange in a report on Thursday, September 26th. They issued a “buy” rating and a $182.00 price target on the stock. Barclays reduced their price target on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Keefe, Bruyette & Woods restated an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Piper Sandler raised their price objective on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.13.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 602 shares of the 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 completion of the sale, the insider now directly owns 14,034 shares of the company’s stock, valued at $2,284,875.54. This trade represents a 4.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the sale, the president now owns 156,163 shares in the company, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,696 shares of company stock valued at $1,554,559. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Trading Up 0.2 %

Intercontinental Exchange stock opened at $161.35 on Monday. Intercontinental Exchange, Inc. has a one year low of $111.82 and a one year high of $167.99. The business’s fifty day moving average is $160.62 and its 200 day moving average is $152.07. The stock has a market capitalization of $92.64 billion, a PE ratio of 38.14, a price-to-earnings-growth ratio of 2.66 and a beta of 1.08. 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 (NYSE:ICE) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.55. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the company posted $1.46 earnings per share. On average, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

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.