Flagship Harbor Advisors LLC Sells 105 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Flagship Harbor Advisors LLC lowered its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,532 shares of the financial services provider’s stock after selling 105 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Intercontinental Exchange were worth $824,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Intercontinental Exchange by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider’s stock worth $5,647,000 after acquiring an additional 366 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Intercontinental Exchange by 33.2% during the third quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider’s stock valued at $7,500,000 after purchasing an additional 11,648 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. boosted its position in shares of Intercontinental Exchange by 9.2% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 728,133 shares of the financial services provider’s stock worth $108,515,000 after purchasing an additional 61,110 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Intercontinental Exchange by 1.6% in the 3rd quarter. Toronto Dominion Bank now owns 310,560 shares of the financial services provider’s stock worth $49,888,000 after buying an additional 4,973 shares during the last quarter. Finally, Bright Rock Capital Management LLC purchased a new stake in shares of Intercontinental Exchange in the 4th quarter worth approximately $4,470,000. Institutional investors own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

ICE has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their target price on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Barclays dropped their price target on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Raymond James lowered 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 note on Monday, October 14th. 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 research note on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.27.

Insider Transactions at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 601 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the transaction, the insider now owns 12,922 shares of the company’s stock, valued at $1,908,967.06. This represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the sale, the chief operating officer now directly owns 12,780 shares in the company, 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 valued at $2,120,572 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $160.82 on Tuesday. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $167.99. The business has a fifty day moving average of $152.98 and a 200 day moving average of $156.15. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $92.34 billion, a P/E ratio of 38.11, a PEG ratio of 2.95 and a beta of 1.10.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the company posted $1.46 EPS. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.05 EPS for the current year.

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.