Perigon Wealth Management LLC Increases Stock Holdings in Intercontinental Exchange Inc. $ICE

Perigon Wealth Management LLC raised its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 119.8% during the third quarter, Holdings Channel reports. The firm owned 38,372 shares of the financial services provider’s stock after buying an additional 20,917 shares during the quarter. Perigon Wealth Management LLC’s holdings in Intercontinental Exchange were worth $6,465,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Princeton Global Asset Management LLC bought a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at about $28,000. Westside Investment Management Inc. purchased a new stake in Intercontinental Exchange in the second quarter worth about $29,000. Activest Wealth Management boosted its position in Intercontinental Exchange by 4,050.0% during the 1st quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 162 shares in the last quarter. Hilltop National Bank purchased a new position in shares of Intercontinental Exchange during the 2nd quarter worth approximately $31,000. Finally, Knuff & Co LLC raised its position in shares of Intercontinental Exchange by 73.3% in the 2nd quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 74 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Insider Activity at Intercontinental Exchange

In related news, SVP Douglas Foley sold 1,600 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $163.20, for a total value of $261,120.00. Following the sale, the senior vice president owned 24,196 shares in the company, valued at approximately $3,948,787.20. This trade represents a 6.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,081 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $151.00, for a total transaction of $314,231.00. Following the sale, the general counsel owned 44,212 shares of the company’s stock, valued at approximately $6,676,012. This represents a 4.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 176,150 shares of company stock valued at $27,072,531 over the last quarter. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

ICE has been the topic of several research reports. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. UBS Group cut their price target on Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Keefe, Bruyette & Woods raised Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. Morgan Stanley reissued a “positive” rating and issued a $174.00 target price (up from $169.00) on shares of Intercontinental Exchange in a research note on Monday, December 22nd. Finally, Raymond James Financial upgraded Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price target for the company in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. Based on data from MarketBeat, Intercontinental Exchange has a consensus rating of “Buy” and a consensus target price of $194.30.

Intercontinental Exchange Trading Up 0.6%

Intercontinental Exchange stock opened at $163.53 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange Inc. has a one year low of $142.29 and a one year high of $189.35. The stock has a market capitalization of $93.24 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 2.31 and a beta of 1.04. The business’s fifty day moving average is $155.72 and its 200 day moving average is $168.92.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.71. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.49 billion. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.Intercontinental Exchange’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.55 EPS. On average, sell-side analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.