Lighthouse Financial Services Inc. ADV Buys Shares of 8,514 Intercontinental Exchange Inc. $ICE

Lighthouse Financial Services Inc. ADV bought a new stake in Intercontinental Exchange Inc. (NYSE:ICE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,514 shares of the financial services provider’s stock, valued at approximately $1,379,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ICE. Ares Financial Consulting LLC purchased a new position in Intercontinental Exchange in the fourth quarter valued at about $25,000. Holos Integrated Wealth LLC purchased a new position in Intercontinental Exchange in the fourth quarter valued at about $28,000. Steph & Co. grew its stake in Intercontinental Exchange by 104.7% in the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 89 shares in the last quarter. Dorato Capital Management purchased a new position in Intercontinental Exchange in the fourth quarter valued at about $29,000. Finally, Caitlin John LLC purchased a new position in Intercontinental Exchange in the third quarter valued at about $32,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Activity

In related news, General Counsel Andrew J. Surdykowski sold 4,571 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was 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 owned 48,181 shares in the company, valued at $7,805,322. This represents a 8.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Benjamin Jackson sold 3,865 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $153.73, for a total value of $594,166.45. Following the sale, the president owned 165,304 shares of the company’s stock, valued at approximately $25,412,183.92. The trade was a 2.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 343,696 shares of company stock worth $53,397,715 over the last 90 days. Company insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays restated an “overweight” rating and issued a $201.00 target price (up from $198.00) on shares of Intercontinental Exchange in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft raised Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price target for the company in a research report on Friday, March 6th. Morgan Stanley boosted their price target on Intercontinental Exchange from $183.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Friday, April 10th. Wall Street Zen raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Keefe, Bruyette & Woods initiated coverage on Intercontinental Exchange in a research report on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Intercontinental Exchange presently has an average rating of “Buy” and a consensus target price of $194.10.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $155.76 on Friday. Intercontinental Exchange Inc. has a fifty-two week low of $143.17 and a fifty-two week high of $189.35. The business has a 50-day moving average of $160.25 and a two-hundred day moving average of $160.01. The stock has a market capitalization of $88.09 billion, a P/E ratio of 22.67, a P/E/G ratio of 1.44 and a beta of 0.96. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01.

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

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.