Central Valley Advisors LLC Has $1.79 Million Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Central Valley Advisors LLC boosted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,155 shares of the financial services provider’s stock after purchasing an additional 183 shares during the quarter. Intercontinental Exchange comprises 1.0% of Central Valley Advisors LLC’s portfolio, making the stock its 29th largest holding. Central Valley Advisors LLC’s holdings in Intercontinental Exchange were worth $1,792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ICE. MRA Advisory Group acquired a new position in shares of Intercontinental Exchange during the 3rd quarter worth about $213,000. Rockland Trust Co. bought a new stake in Intercontinental Exchange in the 3rd quarter valued at $422,000. Czech National Bank grew its position in Intercontinental Exchange by 7.0% in the 3rd quarter. Czech National Bank now owns 116,958 shares of the financial services provider’s stock worth $18,788,000 after purchasing an additional 7,656 shares during the last quarter. AMF Tjanstepension AB increased its holdings in shares of Intercontinental Exchange by 14.5% during the 3rd quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock worth $20,441,000 after purchasing an additional 16,130 shares during the period. Finally, Trust Co. of Toledo NA OH raised its position in shares of Intercontinental Exchange by 2.2% during the third quarter. Trust Co. of Toledo NA OH now owns 30,233 shares of the financial services provider’s stock valued at $4,857,000 after buying an additional 655 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Transactions at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 395 shares of Intercontinental Exchange stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $141.13, for a total value of $55,746.35. Following the sale, the chief technology officer now owns 64,471 shares of the company’s stock, valued at approximately $9,098,792.23. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the sale, the general counsel now directly owns 44,865 shares in the company, valued at approximately $7,159,108.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Mayur Kapani sold 395 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $141.13, for a total value of $55,746.35. Following the completion of the sale, the chief technology officer now owns 64,471 shares in the company, valued at approximately $9,098,792.23. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,316 shares of company stock valued at $9,835,609 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. TD Cowen initiated coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They set a “buy” rating and a $182.00 target price on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $168.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Citigroup increased their price target on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. The Goldman Sachs Group increased their price target on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Barclays upped their price objective on Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $167.80.

Intercontinental Exchange Trading Down 0.3 %

Shares of ICE stock traded down $0.50 on Friday, reaching $162.76. The company had a trading volume of 2,233,038 shares, compared to its average volume of 2,495,323. The company has a 50-day moving average of $158.16 and a 200-day moving average of $144.36. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $164.18. The stock has a market cap of $93.36 billion, a PE ratio of 37.33, a PEG ratio of 2.81 and a beta of 1.08. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.03. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The firm’s revenue was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 EPS. On average, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current year.

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.