Transform Wealth LLC purchased a new stake in Intercontinental Exchange Inc (NYSE:ICE) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,276 shares of the financial services provider’s stock, valued at approximately $488,000.

A number of other institutional investors and hedge funds have also modified their holdings of ICE. Massachusetts Financial Services Co. MA grew its position in shares of Intercontinental Exchange by 19.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,574,900 shares of the financial services provider’s stock worth $329,855,000 after buying an additional 588,612 shares during the period. BlackRock Inc. lifted its holdings in shares of Intercontinental Exchange by 1.5% in the 2nd quarter. BlackRock Inc. now owns 33,727,734 shares of the financial services provider’s stock worth $2,898,562,000 after purchasing an additional 488,675 shares in the last quarter. Compass Capital Management Inc. bought a new position in shares of Intercontinental Exchange in the 3rd quarter worth $30,333,000. State of New Jersey Common Pension Fund D grew its position in Intercontinental Exchange by 177.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 449,700 shares of the financial services provider’s stock valued at $41,494,000 after purchasing an additional 287,700 shares during the period. Finally, PGGM Investments grew its position in Intercontinental Exchange by 192.6% in the 4th quarter. PGGM Investments now owns 393,919 shares of the financial services provider’s stock valued at $36,457,000 after purchasing an additional 259,290 shares during the period. 89.03% of the stock is currently owned by hedge funds and other institutional investors.

In other Intercontinental Exchange news, Director Charles R. Crisp sold 2,908 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $95.56, for a total value of $277,888.48. Following the completion of the sale, the director now directly owns 51,201 shares of the company’s stock, valued at approximately $4,892,767.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey C. Sprecher sold 90,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $92.66, for a total transaction of $8,339,400.00. The disclosure for this sale can be found here. Insiders have sold 155,436 shares of company stock worth $14,439,091 over the last three months. 1.50% of the stock is owned by insiders.

Several research firms have weighed in on ICE. Rosenblatt Securities restated a “buy” rating and set a $101.00 price objective on shares of Intercontinental Exchange in a report on Friday, January 17th. Credit Suisse Group started coverage on shares of Intercontinental Exchange in a report on Monday, December 16th. They set an “outperform” rating for the company. ValuEngine downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group set a $108.00 target price on shares of Intercontinental Exchange and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Co restated a “hold” rating on shares of Intercontinental Exchange in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. Intercontinental Exchange presently has a consensus rating of “Buy” and a consensus target price of $96.88.

Shares of NYSE:ICE opened at $97.11 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.39. The stock has a market cap of $54.08 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 2.73 and a beta of 0.45. The stock’s fifty day simple moving average is $93.85 and its two-hundred day simple moving average is $92.63. Intercontinental Exchange Inc has a 1-year low of $71.90 and a 1-year high of $98.09.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.11. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Intercontinental Exchange had a net margin of 31.97% and a return on equity of 12.79%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 EPS. On average, sell-side analysts forecast that Intercontinental Exchange Inc will post 3.88 earnings per share for the current fiscal year.

About Intercontinental Exchange

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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