Sargent Investment Group LLC Purchases New Holdings in Intercontinental Exchange Inc. $ICE

Sargent Investment Group LLC purchased a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,936 shares of the financial services provider’s stock, valued at approximately $799,000.

Several other large investors have also recently bought and sold shares of ICE. Ares Financial Consulting LLC bought a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $25,000. Holos Integrated Wealth LLC bought a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $28,000. Steph & Co. raised its stake in Intercontinental Exchange by 104.7% in the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after buying an additional 89 shares during the period. Swiss RE Ltd. bought a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $28,000. Finally, Dorato Capital Management bought a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $29,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ICE has been the topic of several research analyst reports. Barclays restated an “overweight” rating and issued a $201.00 price objective (up from $198.00) on shares of Intercontinental Exchange in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a research note on Friday, March 6th. Keefe, Bruyette & Woods initiated coverage on Intercontinental Exchange in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 price objective on the stock. Piper Sandler restated an “overweight” rating and issued a $211.00 price objective (up from $195.00) on shares of Intercontinental Exchange in a research note on Wednesday, April 15th. Finally, UBS Group restated a “buy” rating and issued a $205.00 price objective on shares of Intercontinental Exchange in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.00.

Insider Transactions at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 4,573 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $151.56, for a total transaction of $693,083.88. Following the transaction, the general counsel owned 45,473 shares in the company, valued at approximately $6,891,887.88. This trade represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mayur Kapani sold 4,271 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $155.42, for a total value of $663,798.82. Following the transaction, the chief technology officer owned 64,869 shares in the company, valued at approximately $10,081,939.98. This trade represents a 6.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,092 shares of company stock worth $1,860,424 in the last ninety days. 0.84% of the stock is currently owned by company insiders.

Intercontinental Exchange Price Performance

Shares of NYSE ICE opened at $139.87 on Tuesday. The firm has a market cap of $79.10 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 1.35 and a beta of 0.92. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a 1-year low of $136.67 and a 1-year high of $189.35. The business’s 50 day moving average is $153.76 and its 200-day moving average is $159.21.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $2.88 billion. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.72 earnings per share. Equities research analysts predict that Intercontinental Exchange Inc. will post 8.16 earnings per share for the current year.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.