2,906 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Bought by LMR Partners LLP

LMR Partners LLP bought a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,906 shares of the financial services provider’s stock, valued at approximately $467,000.

A number of other large investors have also added to or reduced their stakes in ICE. Quest Partners LLC boosted its holdings in shares of Intercontinental Exchange by 56.5% in the 3rd quarter. Quest Partners LLC now owns 14,055 shares of the financial services provider’s stock valued at $2,258,000 after buying an additional 5,074 shares in the last quarter. Adero Partners LLC acquired a new stake in Intercontinental Exchange in the third quarter valued at approximately $224,000. GoalVest Advisory LLC grew its holdings in Intercontinental Exchange by 15.8% in the third quarter. GoalVest Advisory LLC now owns 753 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 103 shares during the last quarter. Sather Financial Group Inc acquired a new position in shares of Intercontinental Exchange during the third quarter worth $221,000. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Intercontinental Exchange by 4.9% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,522,172 shares of the financial services provider’s stock valued at $244,522,000 after purchasing an additional 70,565 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on ICE. TD Cowen started coverage on Intercontinental Exchange in a research note on Thursday, September 26th. They set a “buy” rating and a $182.00 target price on the stock. The Goldman Sachs Group boosted their price target on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $168.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Bank of America boosted their target price on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Piper Sandler raised their price target on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.13.

Insiders Place Their Bets

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the company’s stock in a transaction on 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 directly owns 44,865 shares in the company, valued at approximately $7,159,108.05. This represents a 4.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO James W. Namkung sold 1,171 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $160.00, for a total transaction of $187,360.00. Following the transaction, the chief accounting officer now directly owns 16,665 shares in the company, valued at approximately $2,666,400. The trade was a 6.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,489 shares of company stock worth $1,202,259. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange Price Performance

NYSE:ICE opened at $157.93 on Wednesday. The company has a 50 day moving average price of $160.81 and a 200-day moving average price of $150.63. Intercontinental Exchange, Inc. has a 1-year low of $110.64 and a 1-year high of $167.99. The firm has a market cap of $90.68 billion, a price-to-earnings ratio of 37.42, a price-to-earnings-growth ratio of 2.57 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the firm posted $1.46 earnings per share. The company’s revenue was up 17.3% compared to the same quarter last year. Equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current 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.