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

FSA Wealth Management LLC purchased a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 196 shares of the financial services provider’s stock, valued at approximately $31,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. New Millennium Group LLC bought a new position in Intercontinental Exchange in the 2nd quarter valued at about $25,000. International Assets Investment Management LLC acquired a new stake in shares of Intercontinental Exchange during the 2nd quarter worth approximately $25,000. Fairscale Capital LLC bought a new position in Intercontinental Exchange in the second quarter valued at approximately $25,000. Wolff Wiese Magana LLC raised its position in 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 valued at $25,000 after purchasing an additional 147 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in Intercontinental Exchange during the third quarter worth $26,000. Institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ICE. JPMorgan Chase & Co. lifted their price target on Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. The Goldman Sachs Group increased their target price on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Bank of America lifted their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Barclays dropped their price objective on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus price target of $174.13.

Insider Transactions at Intercontinental Exchange

In other 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 transaction, the chief operating officer now directly owns 13,530 shares of the company’s stock, valued at $2,202,819.30. The trade was a 3.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Benjamin Jackson sold 5,828 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the sale, the president now directly owns 156,163 shares of the company’s stock, valued at $24,986,080. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,696 shares of company stock worth $1,554,559 over the last three months. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Trading Down 0.1 %

Shares of ICE stock opened at $160.96 on Monday. Intercontinental Exchange, Inc. has a 1-year low of $111.82 and a 1-year high of $167.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock has a market cap of $92.42 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 2.66 and a beta of 1.08. The stock has a 50-day moving average of $160.62 and a 200-day moving average of $152.07.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting 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 return on equity of 12.75% and a net margin of 21.31%. The firm’s revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.46 earnings per share. On average, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

About Intercontinental Exchange

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.