Caliber Wealth Management LLC KS Has $462,000 Position in Intercontinental Exchange Inc. $ICE

Caliber Wealth Management LLC KS reduced its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 37.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,516 shares of the financial services provider’s stock after selling 1,510 shares during the quarter. Caliber Wealth Management LLC KS’s holdings in Intercontinental Exchange were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ICE. Tsfg LLC raised its holdings in Intercontinental Exchange by 187.3% in the 1st quarter. Tsfg LLC now owns 158 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 103 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in Intercontinental Exchange in the 2nd quarter valued at $28,000. Activest Wealth Management raised its holdings in Intercontinental Exchange by 4,050.0% in the 1st quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 162 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in Intercontinental Exchange in the 1st quarter valued at $30,000. Finally, Hilltop National Bank acquired a new position in Intercontinental Exchange in the 2nd quarter valued at $31,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 150,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $183.09, for a total value of $27,463,500.00. Following the completion of the transaction, the chief executive officer owned 1,951,705 shares of the company’s stock, valued at $357,337,668.45. This represents a 7.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Judith A. Sprieser sold 2,900 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $174.51, for a total value of $506,079.00. Following the completion of the sale, the director owned 18,169 shares in the company, valued at $3,170,672.19. This trade represents a 13.76% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 240,956 shares of company stock worth $43,789,542. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ICE. Barclays reaffirmed an “overweight” rating and issued a $201.00 price objective (down from $212.00) on shares of Intercontinental Exchange in a report on Wednesday, October 8th. UBS Group boosted their price target on Intercontinental Exchange from $195.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Raymond James Financial raised Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price target for the company in a report on Monday, October 13th. Piper Sandler boosted their price target on Intercontinental Exchange from $180.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. boosted their price target on Intercontinental Exchange from $195.00 to $203.00 and gave the stock an “overweight” rating in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $198.60.

Intercontinental Exchange Price Performance

Shares of ICE opened at $156.88 on Thursday. Intercontinental Exchange Inc. has a 12-month low of $142.29 and a 12-month high of $189.35. The business has a 50-day simple moving average of $169.23 and a two-hundred day simple moving average of $173.34. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. The stock has a market cap of $89.80 billion, a PE ratio of 30.11, a PEG ratio of 2.19 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, July 31st. The financial services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.04. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The business had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal 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.