Venture Visionary Partners LLC Has $2.58 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Venture Visionary Partners LLC trimmed its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,075 shares of the financial services provider’s stock after selling 314 shares during the quarter. Venture Visionary Partners LLC’s holdings in Intercontinental Exchange were worth $2,583,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Annapolis Financial Services LLC increased its position in Intercontinental Exchange by 1,018.8% in the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 163 shares during the period. New Millennium Group LLC bought a new position in Intercontinental Exchange during the 2nd quarter worth $25,000. International Assets Investment Management LLC bought a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at about $25,000. Fairscale Capital LLC bought a new position in shares of Intercontinental Exchange during the second quarter worth about $25,000. Finally, Wolff Wiese Magana LLC lifted its stake in shares of Intercontinental Exchange by 1,470.0% in the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 147 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the transaction, the general counsel now directly owns 44,865 shares in the company, valued at approximately $7,159,108.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO James W. Namkung sold 1,043 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total transaction of $156,450.00. Following the completion of the sale, the chief accounting officer now directly owns 17,836 shares of the company’s stock, valued at $2,675,400. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the transaction, the general counsel now owns 44,865 shares in the company, valued at approximately $7,159,108.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,532 shares of company stock worth $1,358,709. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ICE shares. Citigroup increased their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Barclays upped their price target on shares of Intercontinental Exchange from $167.00 to $179.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Monday. Finally, TD Cowen began coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They set a “buy” rating and a $182.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $172.80.

Intercontinental Exchange Stock Performance

ICE opened at $166.37 on Tuesday. The company has a market cap of $95.43 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 2.62 and a beta of 1.08. The company’s fifty day moving average price is $160.80 and its two-hundred day moving average price is $146.53. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $167.23. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.03. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The firm’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 EPS. On average, analysts expect that Intercontinental Exchange, Inc. will post 6.08 EPS for the current fiscal year.

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.