J.W. Cole Advisors Inc. Buys 5,155 Shares of Intercontinental Exchange Inc. $ICE

J.W. Cole Advisors Inc. boosted its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 183.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,963 shares of the financial services provider’s stock after buying an additional 5,155 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Intercontinental Exchange were worth $1,290,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Ares Financial Consulting LLC purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $25,000. Holos Integrated Wealth LLC purchased a new position in Intercontinental Exchange during the fourth quarter worth about $28,000. Steph & Co. grew its position in Intercontinental Exchange by 104.7% in the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 89 shares in the last quarter. Dorato Capital Management purchased a new stake in Intercontinental Exchange in the 4th quarter valued at about $29,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Intercontinental Exchange in the 4th quarter valued at about $30,000. 89.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods assumed coverage on Intercontinental Exchange in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 target price on the stock. Morgan Stanley lifted their price target on Intercontinental Exchange from $183.00 to $187.00 and gave the stock an “equal weight” rating in a report on Friday, April 10th. Piper Sandler reissued an “overweight” rating and issued a $211.00 price objective (up from $195.00) on shares of Intercontinental Exchange in a research report on Wednesday, April 15th. Barclays restated an “overweight” rating and issued a $201.00 price objective (up from $198.00) on shares of Intercontinental Exchange in a research note on Friday, May 1st. Finally, UBS Group reaffirmed a “buy” rating and set a $205.00 target price on shares of Intercontinental Exchange in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.60.

Insider Buying and Selling

In other Intercontinental Exchange news, CFO Warren Gardiner sold 2,490 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $156.64, for a total value of $390,033.60. Following the completion of the transaction, the chief financial officer owned 25,189 shares in the company, valued at $3,945,604.96. This trade represents a 9.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Mayur Kapani sold 4,271 shares of Intercontinental Exchange stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $155.42, for a total value of $663,798.82. Following the transaction, the chief technology officer directly owned 64,869 shares of the company’s stock, valued at $10,081,939.98. The trade was a 6.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 12,001 shares of company stock worth $1,847,820. Company insiders own 0.84% of the company’s stock.

Intercontinental Exchange Price Performance

ICE opened at $141.48 on Wednesday. The firm has a 50-day moving average price of $155.27 and a 200-day moving average price of $159.60. The company has a market capitalization of $80.01 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 1.33 and a beta of 0.92. Intercontinental Exchange Inc. has a twelve month low of $136.67 and a twelve month high of $189.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $2.88 billion. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. Intercontinental Exchange’s revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 EPS. Equities analysts expect that Intercontinental Exchange Inc. will post 8.16 EPS for the current year.

Intercontinental Exchange Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.