Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Compass Capital Management Inc.

Compass Capital Management Inc. trimmed its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 394,135 shares of the financial services provider’s stock after selling 10,351 shares during the period. Intercontinental Exchange makes up about 3.8% of Compass Capital Management Inc.’s portfolio, making the stock its 14th largest holding. Compass Capital Management Inc.’s holdings in Intercontinental Exchange were worth $58,730,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Baltimore Washington Financial Advisors Inc. lifted its position in shares of Intercontinental Exchange by 1.9% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 127,841 shares of the financial services provider’s stock valued at $19,050,000 after acquiring an additional 2,338 shares during the last quarter. Boston Trust Walden Corp acquired a new stake in shares of Intercontinental Exchange during the 4th quarter valued at $269,000. GPS Wealth Strategies Group LLC lifted its position in shares of Intercontinental Exchange by 54.9% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 367 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 130 shares during the last quarter. Western Pacific Wealth Management LP lifted its position in shares of Intercontinental Exchange by 53.7% during the 4th quarter. Western Pacific Wealth Management LP now owns 2,705 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 945 shares during the last quarter. Finally, McAdam LLC lifted its position in shares of Intercontinental Exchange by 6.6% during the 4th quarter. McAdam LLC now owns 1,588 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 98 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intercontinental Exchange

In related news, President Benjamin Jackson sold 5,828 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the sale, the president now owns 156,163 shares of the company’s stock, valued at $24,986,080. This trade represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher Scott Edmonds sold 601 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total transaction of $88,785.73. Following the completion of the sale, the insider now directly owns 12,922 shares of the company’s stock, valued at approximately $1,908,967.06. This represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,795 shares of company stock valued at $2,120,572. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on ICE shares. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Barclays dropped their price target on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Raymond James downgraded shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target on the stock. in a research note on Monday, October 14th. Piper Sandler increased 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. Finally, JPMorgan Chase & Co. lowered their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.27.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $160.40 on Tuesday. The firm has a market cap of $92.10 billion, a price-to-earnings ratio of 38.01, a PEG ratio of 3.06 and a beta of 1.11. The company has a 50 day moving average of $153.12 and a 200-day moving average of $156.54. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $167.99.

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.