Intercontinental Exchange Inc. $ICE Shares Bought by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. grew its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 15.9% during the third quarter, HoldingsChannel reports. The firm owned 31,506 shares of the financial services provider’s stock after acquiring an additional 4,333 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Intercontinental Exchange were worth $5,308,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC boosted its stake in Intercontinental Exchange by 51.3% during the fourth quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock worth $514,000 after buying an additional 1,169 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Intercontinental Exchange by 9.0% during the 1st quarter. Empowered Funds LLC now owns 14,396 shares of the financial services provider’s stock worth $2,483,000 after acquiring an additional 1,189 shares during the period. Sivia Capital Partners LLC boosted its position in shares of Intercontinental Exchange by 16.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,078 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 289 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Intercontinental Exchange by 12.1% in the second quarter. Janney Montgomery Scott LLC now owns 77,987 shares of the financial services provider’s stock valued at $14,308,000 after purchasing an additional 8,408 shares during the period. Finally, Capital Investment Advisors LLC increased its position in Intercontinental Exchange by 10.0% during the second quarter. Capital Investment Advisors LLC now owns 1,950 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 178 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on ICE shares. Wall Street Zen cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Saturday, January 24th. Piper Sandler reiterated an “overweight” rating and issued a $195.00 price objective (down from $202.00) on shares of Intercontinental Exchange in a report on Wednesday, January 14th. UBS Group reiterated a “buy” rating on shares of Intercontinental Exchange in a research report on Wednesday, January 7th. Morgan Stanley set a $180.00 target price on Intercontinental Exchange and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Finally, JPMorgan Chase & Co. lowered their price target on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $193.50.

Insider Transactions at Intercontinental Exchange

In related news, SVP Douglas Foley sold 1,600 shares of the company’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 transaction of $261,120.00. Following the sale, the senior vice president directly owned 24,196 shares in the company, valued at approximately $3,948,787.20. This represents a 6.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,081 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the general counsel directly owned 44,212 shares in the company, valued at approximately $6,676,012. This trade represents a 4.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 166,068 shares of company stock valued at $25,470,702 in the last 90 days. Insiders own 1.00% of the company’s stock.

Intercontinental Exchange Trading Down 0.8%

NYSE ICE opened at $173.66 on Friday. Intercontinental Exchange Inc. has a one year low of $143.17 and a one year high of $189.35. The firm has a 50 day simple moving average of $164.03 and a 200-day simple moving average of $166.97. The firm has a market cap of $99.02 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 2.16 and a beta of 1.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, meeting the consensus estimate of $1.71. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the company posted $1.55 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. Equities research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal 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.