TD Private Client Wealth LLC Acquires 5,996 Shares of Intercontinental Exchange Inc. $ICE

TD Private Client Wealth LLC grew its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 33.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,179 shares of the financial services provider’s stock after purchasing an additional 5,996 shares during the quarter. TD Private Client Wealth LLC’s holdings in Intercontinental Exchange were worth $3,916,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ares Financial Consulting LLC purchased a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $25,000. Holos Integrated Wealth LLC purchased a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $28,000. Steph & Co. grew its position in shares of Intercontinental Exchange by 104.7% in the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after buying an additional 89 shares during the last quarter. Dorato Capital Management purchased a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $29,000. Finally, Caitlin John LLC purchased a new position in shares of Intercontinental Exchange in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE opened at $156.08 on Tuesday. 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 12 month low of $143.17 and a 12 month high of $189.35. The company has a 50 day simple moving average of $159.10 and a two-hundred day simple moving average of $159.93. The stock has a market cap of $88.26 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 1.43 and a beta of 0.96.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, beating the consensus estimate of $2.23 by $0.12. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same period in the previous year, the business posted $1.72 EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, analysts predict that Intercontinental Exchange Inc. will post 8.16 earnings per share for the current year.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 4,571 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $162.00, for a total transaction of $740,502.00. Following the completion of the sale, the general counsel directly owned 48,181 shares in the company, valued at approximately $7,805,322. The trade was a 8.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO Mayur Kapani sold 4,271 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $155.42, for a total transaction of $663,798.82. Following the completion of the transaction, the chief technology officer owned 64,869 shares of the company’s stock, valued at approximately $10,081,939.98. This represents a 6.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 335,106 shares of company stock worth $51,939,449. Corporate insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

ICE has been the topic of a number of analyst reports. TD Cowen reaffirmed a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $211.00 price objective (up from $195.00) on shares of Intercontinental Exchange in a research report on Wednesday, April 15th. Morgan Stanley lifted their price objective on shares of Intercontinental Exchange from $183.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Friday, April 10th. Finally, Weiss Ratings downgraded shares of Intercontinental Exchange from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Intercontinental Exchange has a consensus rating of “Buy” and an average target price of $194.10.

About Intercontinental Exchange

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.