Dakota Wealth Management Buys 459 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Dakota Wealth Management raised its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 10.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,978 shares of the financial services provider’s stock after acquiring an additional 459 shares during the period. Dakota Wealth Management’s holdings in Intercontinental Exchange were worth $800,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. New Millennium Group LLC bought a new stake in shares of Intercontinental Exchange during the 2nd quarter worth $25,000. International Assets Investment Management LLC bought a new stake in shares of Intercontinental Exchange during the 2nd quarter worth $25,000. Fairscale Capital LLC bought a new stake in shares of Intercontinental Exchange during the 2nd quarter worth $25,000. Wolff Wiese Magana LLC raised its stake in shares of Intercontinental Exchange by 1,470.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 147 shares during the period. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of Intercontinental Exchange during the 1st quarter worth $26,000. 89.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ICE shares. TD Cowen started coverage on Intercontinental Exchange in a research note on Thursday, September 26th. They set a “buy” rating and a $182.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research note on Friday, October 4th. JPMorgan Chase & Co. boosted their price objective 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 price objective on Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, StockNews.com cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $173.93.

Intercontinental Exchange Stock Down 1.0 %

ICE stock opened at $165.31 on Monday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $94.91 billion, a PE ratio of 40.92, a PEG ratio of 2.50 and a beta of 1.08. Intercontinental Exchange, Inc. has a twelve month low of $104.49 and a twelve month high of $167.64. The stock has a 50-day simple moving average of $161.61 and a two-hundred day simple moving average of $147.38.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. Intercontinental Exchange’s revenue was up 22.7% on a year-over-year basis. On average, equities analysts predict that Intercontinental Exchange, Inc. will post 6.12 EPS for the current fiscal year.

Insider Transactions at Intercontinental Exchange

In other news, CAO James W. Namkung sold 1,171 shares of the business’s stock in a transaction dated 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 owns 16,665 shares of the company’s stock, valued at approximately $2,666,400. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Intercontinental Exchange news, Director Martha A. Tirinnanzi sold 509 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $158.98, for a total value of $80,920.82. Following the completion of the sale, the director now owns 3,958 shares of the company’s stock, valued at $629,242.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO James W. Namkung sold 1,171 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $160.00, for a total value of $187,360.00. Following the completion of the sale, the chief accounting officer now directly owns 16,665 shares of the company’s stock, valued at approximately $2,666,400. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,489 shares of company stock valued at $1,202,259. 1.10% of the stock is owned by corporate insiders.

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.