1,379 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Bought by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC purchased a new position in Intercontinental Exchange, Inc. (NYSE:ICE) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,379 shares of the financial services provider’s stock, valued at approximately $222,000.

Several other large investors have also modified their holdings of ICE. New Millennium Group LLC purchased a new position in shares of Intercontinental Exchange during the second quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new position in Intercontinental Exchange during the second quarter valued at approximately $25,000. Fairscale Capital LLC purchased a new position in Intercontinental Exchange in the second quarter valued at about $25,000. Wolff Wiese Magana LLC boosted its position in shares of Intercontinental Exchange by 1,470.0% in the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after buying an additional 147 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Intercontinental Exchange in the third quarter valued at about $26,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on ICE shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $168.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. JPMorgan Chase & Co. upped their target price on Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their price target 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. Piper Sandler increased their price objective on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, TD Cowen assumed coverage on Intercontinental Exchange in a report on Thursday, September 26th. They set a “buy” rating and a $182.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $174.13.

Intercontinental Exchange Price Performance

Shares of ICE stock opened at $161.35 on Monday. 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 firm’s 50 day moving average is $160.62 and its 200-day moving average is $152.07. Intercontinental Exchange, Inc. has a 1 year low of $111.82 and a 1 year high of $167.99. The firm has a market capitalization of $92.64 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 2.66 and a beta of 1.08.

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, meeting the consensus estimate of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the firm earned $1.46 EPS. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. Sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 602 shares of the company’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 sale, the insider now directly owns 14,034 shares of the company’s stock, valued at approximately $2,284,875.54. This represents a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction dated 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 sale, the president now directly owns 156,163 shares in the company, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,696 shares of company stock valued at $1,554,559. Corporate insiders own 1.10% of the company’s stock.

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.