Several hedge funds have recently altered their shares in Intercontinental Exchange (ICE). Sanibel Captiva Trust Company increased its holdings by 1.1%, now owning 28,586 shares worth $4.59 million. Wedmont Private Capital raised its stake by 4.3% to 5,878 shares valued at $938,000. Marcum Wealth LLC boosted its investment by 6.9% for a total of 3,046 shares worth $489,000. Daymark Wealth Partners’ stake grew by 13.5%, now owning 11,838 shares worth $1.90 million. First PREMIER Bank bought new shares valued at $129,000. Institutional investors hold 89.30% of ICE’s stock.
Insider Transactions
Recently, CAO James W. Namkung sold 1,043 shares at $150 each, totaling $156,450. He now owns 17,836 shares. Similarly, insider Christopher Scott Edmonds sold 1,000 shares at $148.60 for $148,600, leaving him with 14,636 shares. In total, insiders sold 9,532 shares worth $1.51 million over the last three months, now owning 1.10% of the company.
Stock Performance
ICE opened at $161.70, with a 52-week range between $104.49 and $164.18. Key financial ratios include a market cap of $92.75 billion, a P/E ratio of 37.09, and a beta of 1.08. The latest quarterly earnings reported $1.52 EPS, beating expectations of $1.49, with revenues of $2.32 billion.
Analysts Forecast
Analysts have positive views on ICE. Raymond James raised its price target from $174 to $185, labeling it a “strong buy.” Other firms like Keefe, Bruyette & Woods and Citigroup recommended “buy” ratings with price targets of $168 and $162, respectively. Overall, analysts maintain a Moderate Buy rating with an average target price of $170.67.
Company Overview
Intercontinental Exchange, Inc. provides market infrastructure, data services, and technology solutions globally for financial institutions and governments.
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Curious about what hedge funds hold ICE? Visit HoldingsChannel.com for the latest 13F filings and insider trades for Intercontinental Exchange (NYSE: ICE).
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