Cerity Partners LLC Boosts Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Cerity Partners LLC grew its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 27.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 259,357 shares of the financial services provider’s stock after buying an additional 56,393 shares during the period. Cerity Partners LLC’s holdings in Intercontinental Exchange were worth $41,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Great Valley Advisor Group Inc. purchased a new position in shares of Intercontinental Exchange during the 3rd quarter valued at approximately $228,000. Nicolet Advisory Services LLC increased its holdings in Intercontinental Exchange by 4.9% in the 3rd quarter. Nicolet Advisory Services LLC now owns 7,238 shares of the financial services provider’s stock worth $1,182,000 after acquiring an additional 340 shares in the last quarter. Leelyn Smith LLC increased its holdings in Intercontinental Exchange by 0.4% in the 3rd quarter. Leelyn Smith LLC now owns 30,742 shares of the financial services provider’s stock worth $4,938,000 after acquiring an additional 125 shares in the last quarter. GenTrust LLC purchased a new stake in Intercontinental Exchange in the 3rd quarter worth $235,000. Finally, Stonebrook Private Inc. increased its holdings in Intercontinental Exchange by 2.5% in the 3rd quarter. Stonebrook Private Inc. now owns 7,526 shares of the financial services provider’s stock worth $1,209,000 after acquiring an additional 181 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 1,941 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $160.69, for a total value of $311,899.29. Following the transaction, the director now owns 26,908 shares of the company’s stock, valued at $4,323,846.52. This represents a 6.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Stuart Glen Williams sold 468 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $76,195.08. Following the completion of the transaction, the chief operating officer now directly owns 13,530 shares in the company, valued at $2,202,819.30. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,809 shares of company stock valued at $933,978. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Trading Up 0.6 %

Shares of ICE stock opened at $159.29 on Friday. The company’s 50-day moving average price is $160.64 and its 200-day moving average price is $151.04. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock has a market cap of $91.46 billion, a price-to-earnings ratio of 37.75, a PEG ratio of 2.62 and a beta of 1.08. Intercontinental Exchange, Inc. has a twelve month low of $111.82 and a twelve month high of $167.99.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting the consensus estimate of $1.55. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 EPS. As a group, equities analysts predict that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Friday, November 1st. Barclays cut their price target on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $168.00 price target on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Bank of America upped their target price on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average price target of $174.13.

Intercontinental Exchange Profile

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.