AAFMAA Wealth Management & Trust LLC Cuts Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

AAFMAA Wealth Management & Trust LLC decreased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 5.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,420 shares of the financial services provider’s stock after selling 650 shares during the period. AAFMAA Wealth Management & Trust LLC’s holdings in Intercontinental Exchange were worth $1,674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heritage Family Offices LLP increased its stake in shares of Intercontinental Exchange by 21.3% during the third quarter. Heritage Family Offices LLP now owns 11,466 shares of the financial services provider’s stock worth $1,842,000 after purchasing an additional 2,014 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in Intercontinental Exchange by 1,470.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 147 shares in the last quarter. Indiana Trust & Investment Management Co grew its stake in Intercontinental Exchange by 13.5% during the 3rd quarter. Indiana Trust & Investment Management Co now owns 3,571 shares of the financial services provider’s stock valued at $574,000 after acquiring an additional 425 shares in the last quarter. Regent Peak Wealth Advisors LLC purchased a new stake in Intercontinental Exchange during the 3rd quarter valued at about $229,000. Finally, Verum Partners LLC purchased a new stake in Intercontinental Exchange during the 3rd quarter valued at about $222,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

ICE has been the subject of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research note on Friday, October 4th. Citigroup increased their price target on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Barclays increased their price target on shares of Intercontinental Exchange from $167.00 to $179.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. The Goldman Sachs Group increased their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Raymond James cut shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective for the company. in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average price target of $170.67.

Insiders Place Their Bets

In other news, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $159.57, for a total transaction of $326,799.36. Following the sale, the general counsel now owns 44,865 shares in the company, valued at approximately $7,159,108.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Christopher Scott Edmonds sold 602 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $98,011.62. Following the transaction, the insider now owns 14,034 shares in the company, valued at $2,284,875.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the transaction, the general counsel now owns 44,865 shares in the company, valued at $7,159,108.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,532 shares of company stock valued at $1,358,709 in the last ninety days. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Down 0.0 %

NYSE:ICE opened at $165.13 on Thursday. The firm has a market cap of $94.72 billion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08. The stock has a fifty day moving average price of $160.08 and a 200 day moving average price of $145.86. Intercontinental Exchange, Inc. has a 12-month low of $104.49 and a 12-month high of $167.23. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. Intercontinental Exchange’s revenue was up 22.7% compared to the same quarter last year. During the same period last year, the business posted $1.43 earnings per share. Sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.08 earnings per share for the current fiscal year.

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.