Good Life Advisors LLC bought a new stake in Intercontinental Exchange, Inc. (NYSE:ICE – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,884 shares of the financial services provider’s stock, valued at approximately $303,000.
A number of other hedge funds have also recently modified their holdings of ICE. Quad Cities Investment Group LLC acquired a new position in Intercontinental Exchange in the third quarter valued at $229,000. Walter Public Investments Inc. boosted its position in shares of Intercontinental Exchange by 3.0% in the 3rd quarter. Walter Public Investments Inc. now owns 116,336 shares of the financial services provider’s stock valued at $18,688,000 after purchasing an additional 3,422 shares during the period. B.O.S.S. Retirement Advisors LLC grew its stake in Intercontinental Exchange by 13.1% during the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 38,181 shares of the financial services provider’s stock worth $6,133,000 after buying an additional 4,420 shares during the last quarter. Heritage Family Offices LLP increased its position in Intercontinental Exchange by 21.3% during the third quarter. Heritage Family Offices LLP now owns 11,466 shares of the financial services provider’s stock worth $1,842,000 after buying an additional 2,014 shares during the period. Finally, Wolff Wiese Magana LLC lifted its stake in 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 valued at $25,000 after buying an additional 147 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.
Intercontinental Exchange Stock Performance
ICE opened at $166.83 on Friday. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $167.23. The stock has a market cap of $95.69 billion, a P/E ratio of 38.26, a P/E/G ratio of 2.62 and a beta of 1.08. The stock’s 50 day simple moving average is $160.55 and its 200 day simple moving average is $146.26. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. Piper Sandler raised their target price on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Barclays lifted their price objective on shares of Intercontinental Exchange from $167.00 to $179.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. increased their target price on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Bank of America raised their price target on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, TD Cowen initiated coverage on Intercontinental Exchange in a research note on Thursday, September 26th. They set a “buy” rating and a $182.00 price objective for the company. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $172.80.
View Our Latest Stock Report on ICE
Insider Activity at Intercontinental Exchange
In other Intercontinental Exchange news, COO Stuart Glen Williams sold 468 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $76,195.08. Following the sale, the chief operating officer now owns 13,530 shares of the company’s stock, valued at $2,202,819.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Christopher Scott Edmonds sold 602 shares of Intercontinental Exchange stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the sale, the insider now owns 14,034 shares in the company, valued at approximately $2,284,875.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Stuart Glen Williams sold 468 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $76,195.08. Following the completion of the transaction, the chief operating officer now owns 13,530 shares in the company, valued at approximately $2,202,819.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,532 shares of company stock valued at $1,358,709. Insiders own 1.10% of the company’s stock.
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.
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