Golden State Equity Partners Acquires 479 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Golden State Equity Partners lifted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 40.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,656 shares of the financial services provider’s stock after acquiring an additional 479 shares during the quarter. Golden State Equity Partners’ holdings in Intercontinental Exchange were worth $247,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ICE. Wealth Enhancement Advisory Services LLC increased its stake in Intercontinental Exchange by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider’s stock worth $5,647,000 after buying an additional 366 shares during the period. M&T Bank Corp increased its stake in Intercontinental Exchange by 33.2% in the 3rd quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider’s stock worth $7,500,000 after buying an additional 11,648 shares during the period. Dixon Mitchell Investment Counsel Inc. increased its stake in 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 buying an additional 61,110 shares during the period. Avantra Family Wealth Inc. purchased a new position in Intercontinental Exchange in the 4th quarter worth about $702,000. Finally, Toronto Dominion Bank increased its stake in 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 period. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 0.4 %

NYSE ICE opened at $160.40 on Tuesday. The firm’s 50-day moving average is $153.12 and its two-hundred day moving average is $156.54. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $167.99. 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 stock has a market capitalization of $92.10 billion, a P/E ratio of 38.01, a PEG ratio of 3.06 and a beta of 1.10.

Analyst Ratings Changes

ICE has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their target price on shares of Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Raymond James downgraded shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price on the stock. in a research report on Monday, October 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. JPMorgan Chase & Co. cut their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $175.27.

Insider Transactions at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 955 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total transaction of $149,056.40. Following the sale, the general counsel now directly owns 44,702 shares in the company, valued at approximately $6,977,088.16. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Benjamin Jackson sold 5,828 shares of the stock in a transaction that occurred 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 completion of the transaction, the president now owns 156,163 shares in the company, valued at $24,986,080. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,795 shares of company stock valued at $2,120,572. 1.10% of the stock is currently owned by corporate insiders.

About Intercontinental Exchange

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.