Soltis Investment Advisors LLC Invests $233,000 in Intercontinental Exchange, Inc. (NYSE:ICE)

Soltis Investment Advisors LLC bought a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 1,450 shares of the financial services provider’s stock, valued at approximately $233,000.

A number of other institutional investors also recently added to or reduced their stakes in ICE. Rehmann Capital Advisory Group increased its position in shares of Intercontinental Exchange by 1.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 6,843 shares of the financial services provider’s stock valued at $1,101,000 after purchasing an additional 128 shares during the last quarter. TD Private Client Wealth LLC grew its stake in shares of Intercontinental Exchange by 3.0% during the third quarter. TD Private Client Wealth LLC now owns 17,882 shares of the financial services provider’s stock worth $2,873,000 after purchasing an additional 522 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Intercontinental Exchange by 1.6% during the third quarter. Toronto Dominion Bank now owns 310,560 shares of the financial services provider’s stock worth $49,888,000 after purchasing an additional 4,973 shares in the last quarter. Chiron Investment Management LLC increased its holdings in Intercontinental Exchange by 3.9% in the third quarter. Chiron Investment Management LLC now owns 46,992 shares of the financial services provider’s stock valued at $7,549,000 after buying an additional 1,768 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in Intercontinental Exchange by 48.8% in the third quarter. Coldstream Capital Management Inc. now owns 13,806 shares of the financial services provider’s stock valued at $2,198,000 after buying an additional 4,525 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 468 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $76,195.08. Following the transaction, the chief operating officer now owns 13,530 shares in the company, valued at approximately $2,202,819.30. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the transaction, the general counsel now directly owns 44,865 shares of the company’s stock, valued at approximately $7,159,108.05. This trade represents a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,901 shares of company stock valued at $1,582,542 over the last three months. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ICE has been the subject of several analyst reports. The Goldman Sachs Group upped their price objective on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price target on Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. TD Cowen assumed coverage on shares of Intercontinental Exchange in a research note on Thursday, September 26th. They issued a “buy” rating and a $182.00 price target on the stock. Piper Sandler boosted their price objective on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research report on Friday, November 1st. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $175.07.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $156.55 on Friday. The firm has a market cap of $89.89 billion, a P/E ratio of 37.10, a P/E/G ratio of 2.61 and a beta of 1.08. Intercontinental Exchange, Inc. has a 52-week low of $117.49 and a 52-week high of $167.99. The business’s 50-day moving average price is $160.18 and its 200 day moving average price is $153.08. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.55. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period last year, the firm earned $1.46 EPS. On average, equities research analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

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.