Intercontinental Exchange Inc. $ICE Shares Purchased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lifted its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 60.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,165 shares of the financial services provider’s stock after acquiring an additional 18,937 shares during the period. Geneos Wealth Management Inc.’s holdings in Intercontinental Exchange were worth $9,204,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Princeton Global Asset Management LLC acquired a new stake in Intercontinental Exchange in the second quarter worth approximately $28,000. Westside Investment Management Inc. bought a new stake in shares of Intercontinental Exchange in the 2nd quarter worth $29,000. Activest Wealth Management raised its stake in shares of Intercontinental Exchange by 4,050.0% in the 1st quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock worth $29,000 after buying an additional 162 shares in the last quarter. Hilltop National Bank acquired a new stake in shares of Intercontinental Exchange in the second quarter valued at $31,000. Finally, Knuff & Co LLC boosted its stake in Intercontinental Exchange by 73.3% during the second quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock valued at $32,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock opened at $163.21 on Friday. Intercontinental Exchange Inc. has a fifty-two week low of $142.29 and a fifty-two week high of $189.35. The firm’s 50 day simple moving average is $154.98 and its 200-day simple moving average is $170.16. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $93.06 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 2.53 and a beta of 1.05.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, hitting analysts’ consensus estimates of $1.71. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the business posted $1.55 EPS. The company’s revenue was up 2.6% on a year-over-year basis. As a group, equities research analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays set a $183.00 price target on shares of Intercontinental Exchange and gave the company an “overweight” rating in a report on Friday, October 31st. Keefe, Bruyette & Woods upgraded shares of Intercontinental Exchange to a “moderate buy” rating in a report on Monday, October 6th. TD Cowen reduced their target price on shares of Intercontinental Exchange from $199.00 to $175.00 and set a “buy” rating for the company in a report on Friday, October 31st. Raymond James Financial upgraded shares of Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price target on the stock in a research report on Monday, October 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Exchange in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $194.70.

Insiders Place Their Bets

In other Intercontinental Exchange news, CFO Warren Gardiner sold 1,572 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $153.65, for a total transaction of $241,537.80. Following the completion of the sale, the chief financial officer directly owned 20,534 shares in the company, valued at approximately $3,155,049.10. This trade represents a 7.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of Intercontinental Exchange stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $153.08, for a total value of $22,962,000.00. Following the transaction, the chief executive officer directly owned 1,801,705 shares in the company, valued at approximately $275,805,001.40. This trade represents a 7.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 175,489 shares of company stock valued at $26,972,956 over the last quarter. 1.00% of the stock is owned by insiders.

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.