Capital Asset Advisory Services LLC Has $392,000 Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Capital Asset Advisory Services LLC grew its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 9.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,616 shares of the financial services provider’s stock after purchasing an additional 220 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Intercontinental Exchange were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of ICE. Blue Trust Inc. increased its position in Intercontinental Exchange by 114.1% during the fourth quarter. Blue Trust Inc. now owns 12,857 shares of the financial services provider’s stock worth $2,065,000 after buying an additional 6,853 shares during the last quarter. Novare Capital Management LLC increased its holdings in shares of Intercontinental Exchange by 0.5% during the 4th quarter. Novare Capital Management LLC now owns 67,753 shares of the financial services provider’s stock valued at $10,096,000 after acquiring an additional 360 shares during the last quarter. AlphaMark Advisors LLC raised its stake in shares of Intercontinental Exchange by 1.6% in the 4th quarter. AlphaMark Advisors LLC now owns 10,348 shares of the financial services provider’s stock valued at $1,542,000 after acquiring an additional 166 shares in the last quarter. Moody Lynn & Lieberson LLC lifted its holdings in Intercontinental Exchange by 6.7% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 38,754 shares of the financial services provider’s stock worth $5,775,000 after purchasing an additional 2,430 shares during the last quarter. Finally, Running Oak Capital LLC boosted its position in Intercontinental Exchange by 9.3% during the fourth quarter. Running Oak Capital LLC now owns 90,115 shares of the financial services provider’s stock worth $13,428,000 after purchasing an additional 7,672 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

NYSE:ICE opened at $160.82 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The company has a 50-day moving average of $152.98 and a 200-day moving average of $156.15. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $167.99. The company has a market capitalization of $92.34 billion, a price-to-earnings ratio of 38.11, a PEG ratio of 2.95 and a beta of 1.10.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter last year, the company earned $1.46 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on ICE shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Morgan Stanley raised 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. JPMorgan Chase & Co. cut their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, The Goldman Sachs Group increased their target price on Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $175.27.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 955 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total transaction of $149,056.40. Following the sale, the general counsel now directly owns 44,702 shares of the company’s stock, valued at approximately $6,977,088.16. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the transaction, the president now owns 156,163 shares of the company’s stock, valued at $24,986,080. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,795 shares of company stock worth $2,120,572 over the last three months. Company insiders own 1.10% of the company’s stock.

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.