Mutual of America Capital Management LLC Sells 3,735 Shares of Intercontinental Exchange Inc. $ICE

Mutual of America Capital Management LLC lessened its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 5.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,050 shares of the financial services provider’s stock after selling 3,735 shares during the period. Mutual of America Capital Management LLC’s holdings in Intercontinental Exchange were worth $10,454,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Princeton Global Asset Management LLC acquired a new position in shares of Intercontinental Exchange in the 2nd quarter valued at approximately $28,000. Westside Investment Management Inc. bought a new position in Intercontinental Exchange in the second quarter valued at approximately $29,000. Private Wealth Management Group LLC raised its position in Intercontinental Exchange by 59.5% during the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 66 shares in the last quarter. Hilltop National Bank bought a new stake in Intercontinental Exchange during the second quarter worth $31,000. Finally, Knuff & Co LLC boosted its holdings in shares of Intercontinental Exchange by 73.3% in the 2nd quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 74 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ICE has been the subject of a number of research analyst reports. Raymond James Financial reissued a “strong-buy” rating and set a $211.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Piper Sandler reissued an “overweight” rating and issued a $195.00 target price (down previously from $202.00) on shares of Intercontinental Exchange in a report on Wednesday, January 14th. Morgan Stanley set a $180.00 price target on shares of Intercontinental Exchange and gave the company an “equal weight” rating in a report on Thursday, January 15th. Wall Street Zen downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Barclays set a $182.00 target price on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $193.50.

Intercontinental Exchange Trading Up 1.4%

Shares of NYSE ICE opened at $175.29 on Tuesday. The firm has a 50 day moving average price of $162.40 and a two-hundred day moving average price of $166.99. The stock has a market cap of $99.95 billion, a P/E ratio of 31.93, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03. Intercontinental Exchange Inc. has a 52-week low of $143.17 and a 52-week high of $189.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, hitting analysts’ consensus estimates of $1.71. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.49 billion. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. Intercontinental Exchange’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 earnings per share. As a group, equities analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Insider Buying and Selling

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $153.08, for a total transaction of $22,962,000.00. Following the completion of the transaction, the chief executive officer owned 1,801,705 shares in the company, valued at approximately $275,805,001.40. This trade represents a 7.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Warren Gardiner sold 1,572 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $153.65, for a total transaction of $241,537.80. Following the completion of the sale, the chief financial officer directly owned 20,534 shares in the company, valued at approximately $3,155,049.10. This represents a 7.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 166,068 shares of company stock valued at $25,470,702. Corporate insiders own 1.00% of the company’s stock.

Intercontinental Exchange 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.