Leelyn Smith LLC Increases Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Leelyn Smith LLC boosted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.4% in the third quarter, Holdings Channel.com reports. The firm owned 30,742 shares of the financial services provider’s stock after acquiring an additional 125 shares during the quarter. Intercontinental Exchange comprises about 0.9% of Leelyn Smith LLC’s portfolio, making the stock its 27th largest position. Leelyn Smith LLC’s holdings in Intercontinental Exchange were worth $4,938,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. New Millennium Group LLC acquired a new stake in shares of Intercontinental Exchange during the 2nd quarter worth $25,000. International Assets Investment Management LLC acquired a new stake in Intercontinental Exchange during the second quarter worth about $25,000. Fairscale Capital LLC purchased a new position in shares of Intercontinental Exchange in the 2nd quarter worth about $25,000. Wolff Wiese Magana LLC lifted its stake in shares of Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 147 shares in the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter worth about $26,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays reduced their price target on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Piper Sandler upped their price target 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. JPMorgan Chase & Co. raised their price objective on Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen started coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They issued a “buy” rating and a $182.00 target price for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $174.13.

Intercontinental Exchange Stock Up 0.6 %

NYSE:ICE opened at $159.29 on Friday. 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 stock has a 50 day moving average of $160.64 and a 200-day moving average of $150.92. The firm has a market capitalization of $91.46 billion, a PE ratio of 37.75, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08. Intercontinental Exchange, Inc. has a 52 week low of $111.82 and a 52 week high of $167.99.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting analysts’ consensus estimates of $1.55. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm’s revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.46 EPS. Analysts predict that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the transaction, the general counsel now directly owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This represents a 4.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Judith A. Sprieser sold 1,941 shares of Intercontinental Exchange stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $160.69, for a total value of $311,899.29. Following the sale, the director now directly owns 26,908 shares in the company, valued at $4,323,846.52. The trade was a 6.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,809 shares of company stock valued at $933,978 in the last quarter. Company 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.