IHT Wealth Management LLC lifted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE – Free Report) by 13.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,063 shares of the financial services provider’s stock after purchasing an additional 250 shares during the period. IHT Wealth Management LLC’s holdings in Intercontinental Exchange were worth $332,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of ICE. New Millennium Group LLC acquired a new position in Intercontinental Exchange in the second quarter valued at approximately $25,000. International Assets Investment Management LLC bought a new stake in Intercontinental Exchange in the second quarter valued at approximately $25,000. Fairscale Capital LLC bought a new stake in shares of Intercontinental Exchange during the second quarter worth $25,000. Wolff Wiese Magana LLC increased its position in shares of Intercontinental Exchange by 1,470.0% during the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 147 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Intercontinental Exchange during the third quarter worth $26,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.
Intercontinental Exchange Trading Up 0.1 %
ICE opened at $156.07 on Tuesday. Intercontinental Exchange, Inc. has a fifty-two week low of $113.87 and a fifty-two week high of $167.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $89.61 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 2.58 and a beta of 1.08. The company’s 50 day moving average price is $160.29 and its two-hundred day moving average price is $152.89.
Insider Activity
In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the transaction, the general counsel now directly owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This represents a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Benjamin Jackson sold 5,828 shares of the 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 transaction, the president now directly owns 156,163 shares in the company, valued at approximately $24,986,080. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,946 shares of company stock valued at $1,433,486. 1.10% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Barclays raised their target price on shares of Intercontinental Exchange from $173.00 to $187.00 and gave the stock an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. raised 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. Finally, Piper Sandler raised their price target on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $175.07.
View Our Latest Stock Report on Intercontinental Exchange
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.
Recommended Stories
- Five stocks we like better than Intercontinental Exchange
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- How to Master Trading Discipline: Overcome Emotional Challenges
- What to Know About Investing in Penny Stocks
- Does China Investigation Change NVIDIA’s Outlook; Yes, No, Maybe?
- P/E Ratio Calculation: How to Assess Stocks
- Is Marvell Technology Chipping Away at NVIDIA’s Market Lead?
Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.