LVW Advisors LLC Sells 337 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

LVW Advisors LLC cut its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,540 shares of the financial services provider’s stock after selling 337 shares during the period. LVW Advisors LLC’s holdings in Intercontinental Exchange were worth $379,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Intech Investment Management LLC raised its holdings in shares of Intercontinental Exchange by 1.2% during the second quarter. Intech Investment Management LLC now owns 15,527 shares of the financial services provider’s stock valued at $2,125,000 after purchasing an additional 189 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Intercontinental Exchange by 139.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,634 shares of the financial services provider’s stock worth $497,000 after purchasing an additional 2,117 shares during the period. Sei Investments Co. raised its stake in Intercontinental Exchange by 14.3% during the 2nd quarter. Sei Investments Co. now owns 398,803 shares of the financial services provider’s stock valued at $54,592,000 after buying an additional 49,933 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Intercontinental Exchange by 5.0% during the 2nd quarter. ProShare Advisors LLC now owns 116,480 shares of the financial services provider’s stock valued at $15,945,000 after buying an additional 5,564 shares during the period. Finally, Frank Rimerman Advisors LLC boosted its stake in shares of Intercontinental Exchange by 16,435.7% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 4,630 shares of the financial services provider’s stock worth $634,000 after buying an additional 4,602 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Trading Down 0.8 %

ICE stock opened at $149.07 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $167.99. The business has a 50 day simple moving average of $153.20 and a two-hundred day simple moving average of $155.73. The company has a market capitalization of $85.59 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 2.29 and a beta of 1.10.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results 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 firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. Intercontinental Exchange’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.46 earnings per share. Research analysts anticipate that Intercontinental Exchange, Inc. will post 6.06 EPS for the current fiscal year.

Insider Activity

In related news, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the sale, the president now owns 156,163 shares of the company’s stock, valued at $24,986,080. This represents a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Stuart Glen Williams sold 750 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the transaction, the chief operating officer now owns 12,780 shares of the company’s stock, valued at $1,955,212.20. This trade represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,795 shares of company stock worth $2,120,572 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on ICE. Keefe, Bruyette & Woods reduced their price objective on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Bank of America increased their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Barclays dropped their price objective on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group upped their target price on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $175.27.

Intercontinental Exchange Company 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.