10,192 Intercontinental Exchange Inc. $ICE Shares Acquired by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC increased its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 72.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,335 shares of the financial services provider’s stock after buying an additional 10,192 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Intercontinental Exchange were worth $3,700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ICE. Rakuten Securities Inc. bought a new stake in shares of Intercontinental Exchange in the 2nd quarter worth approximately $26,000. Gables Capital Management Inc. acquired a new stake in shares of Intercontinental Exchange during the 2nd quarter worth approximately $31,000. Cornerstone Planning Group LLC grew its holdings in shares of Intercontinental Exchange by 33.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 271 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 68 shares in the last quarter. Burkett Financial Services LLC bought a new stake in shares of Intercontinental Exchange during the third quarter valued at approximately $41,000. Finally, Fiduciary Financial Advisors bought a new stake in shares of Intercontinental Exchange during the second quarter valued at approximately $33,000. 89.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ICE. Raymond James Financial cut their target price on Intercontinental Exchange from $218.00 to $211.00 and set a “strong-buy” rating for the company in a research note on Monday, October 5th. Barclays reiterated an “overweight” rating and set a $189.00 price target (up from $182.00) on shares of Intercontinental Exchange in a research note on Wednesday, October 7th. Rothschild & Co Redburn boosted their price target on shares of Intercontinental Exchange from $173.00 to $181.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Wells Fargo & Company reissued an “underweight” rating and issued a $160.00 price target (up from $159.00) on shares of Intercontinental Exchange in a report on Wednesday. Finally, Weiss Ratings upgraded shares of Intercontinental Exchange from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus price target of $186.31.

Insider Buying and Selling at Intercontinental Exchange

In related news, General Counsel Andrew Surdykowski sold 4,574 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $161.77, for a total value of $739,935.98. Following the sale, the general counsel owned 43,065 shares of the company’s stock, valued at $6,966,625.05. The trade was a 9.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Douglas Foley sold 7,300 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $148.88, for a total value of $1,086,824.00. Following the completion of the sale, the senior vice president owned 19,063 shares in the company, valued at $2,838,099.44. This trade represents a 27.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 41,179 shares of company stock worth $6,473,715 over the last three months. 0.84% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Up 1.8%

NYSE ICE opened at $161.25 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average is $156.49 and its two-hundred day moving average is $150.87. The company has a market capitalization of $90.52 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 1.50 and a beta of 0.94. Intercontinental Exchange Inc. has a 1-year low of $121.79 and a 1-year high of $176.05.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.06. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same period in the prior year, the company posted $1.81 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. Equities analysts forecast that Intercontinental Exchange Inc. will post 8.19 earnings per share for the current fiscal year.

About Intercontinental Exchange

Intercontinental Exchange, Inc (NYSE:ICE) operates global exchanges, clearinghouses, data services and technology platforms. The company provides marketplaces and infrastructure that support the trading, clearing and management of risk across financial and commodity markets.

Its businesses include the New York Stock Exchange, ICE Futures exchanges and ICE Clear clearinghouses. ICE offers trading and clearing services for equities, equity options, interest rates, currencies, energy, agricultural commodities, metals and other contracts.