Claro Advisors LLC Sells 177 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Claro Advisors LLC lowered its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 11.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,398 shares of the financial services provider’s stock after selling 177 shares during the period. Claro Advisors LLC’s holdings in Intercontinental Exchange were worth $225,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ICE. O Shaughnessy Asset Management LLC lifted its position in Intercontinental Exchange by 30.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 39,759 shares of the financial services provider’s stock valued at $5,464,000 after purchasing an additional 9,340 shares during the period. Lake Street Advisors Group LLC lifted its holdings in shares of Intercontinental Exchange by 31.9% during the 1st quarter. Lake Street Advisors Group LLC now owns 4,543 shares of the financial services provider’s stock valued at $624,000 after buying an additional 1,099 shares during the period. Delap Wealth Advisory LLC boosted its stake in shares of Intercontinental Exchange by 7.5% in the 1st quarter. Delap Wealth Advisory LLC now owns 1,941 shares of the financial services provider’s stock worth $267,000 after buying an additional 136 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Intercontinental Exchange by 4.2% in the first quarter. EP Wealth Advisors LLC now owns 6,106 shares of the financial services provider’s stock worth $839,000 after acquiring an additional 248 shares during the period. Finally, First Commonwealth Financial Corp PA grew its holdings in shares of Intercontinental Exchange by 69.9% in the first quarter. First Commonwealth Financial Corp PA now owns 9,039 shares of the financial services provider’s stock worth $1,242,000 after acquiring an additional 3,718 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

ICE has been the topic of several research reports. Barclays dropped 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. Keefe, Bruyette & Woods restated an “outperform” rating and set a $168.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price target 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. Raymond James cut shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target on the stock. in a research note on Monday, October 14th. Finally, Piper Sandler upped their price objective on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $174.13.

Insider Activity at Intercontinental Exchange

In other news, CAO James W. Namkung sold 1,171 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $160.00, for a total transaction of $187,360.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,665 shares in the company, valued at approximately $2,666,400. This represents a 6.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Scott Edmonds sold 602 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 14,034 shares of the company’s stock, valued at approximately $2,284,875.54. This trade represents a 4.11 % 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 valued at $1,202,259. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Price Performance

ICE stock opened at $157.93 on Wednesday. The company has a market capitalization of $90.68 billion, a PE ratio of 37.42, a price-to-earnings-growth ratio of 2.57 and a beta of 1.08. The company’s fifty day moving average price is $160.81 and its 200-day moving average price is $150.63. Intercontinental Exchange, Inc. has a one year low of $110.64 and a one year high of $167.99. 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 (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. The business 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 business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.46 EPS. On average, equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal 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.