Highline Wealth Partners LLC Has $1.89 Million Holdings in Intercontinental Exchange Inc. $ICE

Highline Wealth Partners LLC boosted its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 0.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 10,295 shares of the financial services provider’s stock after buying an additional 80 shares during the quarter. Highline Wealth Partners LLC’s holdings in Intercontinental Exchange were worth $1,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. Cove Private Wealth LLC raised its stake in Intercontinental Exchange by 16.9% during the 2nd quarter. Cove Private Wealth LLC now owns 6,575 shares of the financial services provider’s stock valued at $1,206,000 after purchasing an additional 950 shares during the last quarter. Patton Fund Management Inc. bought a new stake in Intercontinental Exchange in the 2nd quarter valued at $247,000. Embree Financial Group increased its holdings in Intercontinental Exchange by 2.2% in the 2nd quarter. Embree Financial Group now owns 5,108 shares of the financial services provider’s stock valued at $937,000 after buying an additional 108 shares during the period. Dakota Wealth Management increased its holdings in Intercontinental Exchange by 117.0% in the 2nd quarter. Dakota Wealth Management now owns 40,032 shares of the financial services provider’s stock valued at $7,345,000 after buying an additional 21,580 shares during the period. Finally, Perigon Wealth Management LLC increased its holdings in Intercontinental Exchange by 15.0% in the 2nd quarter. Perigon Wealth Management LLC now owns 17,455 shares of the financial services provider’s stock valued at $3,203,000 after buying an additional 2,283 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group boosted their price target on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Barclays boosted their price target on shares of Intercontinental Exchange from $206.00 to $212.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Piper Sandler boosted their price target on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Intercontinental Exchange from $195.00 to $203.00 and gave the company an “overweight” rating in a report on Thursday. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $197.36.

Intercontinental Exchange Stock Up 0.2%

ICE opened at $167.69 on Friday. The firm’s 50-day simple moving average is $178.30 and its 200-day simple moving average is $174.90. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange Inc. has a twelve month low of $142.29 and a twelve month high of $189.35. The firm has a market cap of $95.99 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 1.99 and a beta of 1.10.

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

Insider Buying and Selling at Intercontinental Exchange

In related news, Director Duriya M. Farooqui sold 2,036 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $178.34, for a total transaction of $363,100.24. Following the transaction, the director owned 14,299 shares in the company, valued at $2,550,083.66. This represents a 12.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judith A. Sprieser sold 2,900 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $174.51, for a total transaction of $506,079.00. Following the transaction, the director owned 18,169 shares in the company, valued at approximately $3,170,672.19. This trade represents a 13.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 231,669 shares of company stock worth $42,333,438 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

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.