West Family Investments Inc. Buys 428 Shares of Intercontinental Exchange Inc. $ICE

West Family Investments Inc. boosted its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 24.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,157 shares of the financial services provider’s stock after purchasing an additional 428 shares during the period. West Family Investments Inc.’s holdings in Intercontinental Exchange were worth $396,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Princeton Global Asset Management LLC purchased a new position in shares of Intercontinental Exchange during the 2nd quarter valued at about $28,000. Westside Investment Management Inc. bought a new stake in Intercontinental Exchange during the 2nd quarter worth approximately $29,000. Activest Wealth Management lifted its holdings in Intercontinental Exchange by 4,050.0% during the first quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 162 shares in the last quarter. Hilltop National Bank bought a new position in shares of Intercontinental Exchange in the second quarter worth approximately $31,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Intercontinental Exchange in the first quarter worth approximately $30,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 0.8%

Shares of ICE stock opened at $157.51 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $89.81 billion, a price-to-earnings ratio of 30.23, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06. Intercontinental Exchange Inc. has a 12-month low of $142.29 and a 12-month high of $189.35. The stock’s 50-day moving average price is $156.50 and its 200-day moving average price is $171.33.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, meeting analysts’ consensus estimates of $1.71. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the company earned $1.55 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. Equities research analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,900 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $174.51, for a total transaction of $506,079.00. Following the completion of the transaction, the director owned 18,169 shares in the company, valued at $3,170,672.19. This trade represents a 13.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 2,081 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $151.00, for a total transaction of $314,231.00. Following the completion of the sale, the general counsel owned 44,212 shares in the company, valued at approximately $6,676,012. This trade represents a 4.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 170,944 shares of company stock valued at $26,338,174 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

ICE has been the topic of several recent analyst reports. Barclays set a $183.00 price objective on shares of Intercontinental Exchange and gave the company an “overweight” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Intercontinental Exchange in a report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price objective on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Keefe, Bruyette & Woods upgraded Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. Finally, Raymond James Financial raised Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price target on the stock in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $194.70.

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.