AAFMAA Wealth Management & Trust LLC Sells 650 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

AAFMAA Wealth Management & Trust LLC lessened its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 5.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,420 shares of the financial services provider’s stock after selling 650 shares during the period. AAFMAA Wealth Management & Trust LLC’s holdings in Intercontinental Exchange were worth $1,674,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ICE. Annapolis Financial Services LLC lifted its holdings in shares of Intercontinental Exchange by 1,018.8% in the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 163 shares during the last quarter. New Millennium Group LLC bought a new position in shares of Intercontinental Exchange in the 2nd quarter valued at about $25,000. International Assets Investment Management LLC bought a new position in shares of Intercontinental Exchange in the 2nd quarter valued at about $25,000. Fairscale Capital LLC bought a new position in shares of Intercontinental Exchange in the 2nd quarter valued at about $25,000. Finally, Wolff Wiese Magana LLC raised its position in Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 147 shares during the period. Institutional investors own 89.30% of the company’s stock.

Insider Transactions at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the transaction, the general counsel now owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the transaction, the general counsel now owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO James W. Namkung sold 1,043 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total transaction of $156,450.00. Following the transaction, the chief accounting officer now directly owns 17,836 shares of the company’s stock, valued at approximately $2,675,400. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,532 shares of company stock worth $1,358,709. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Down 0.0 %

NYSE:ICE opened at $165.13 on Thursday. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $167.23. The firm has a fifty day simple moving average of $160.08 and a 200-day simple moving average of $145.86. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $94.72 billion, a P/E ratio of 37.87, a PEG ratio of 2.62 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. On average, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.08 earnings per share for the current year.

Analysts Set New Price Targets

ICE has been the topic of a number of recent analyst reports. Piper Sandler increased 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. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Friday, October 4th. The Goldman Sachs Group increased their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.67.

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.