Compagnie Lombard Odier SCmA Reduces Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Compagnie Lombard Odier SCmA lowered its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 4.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 184,056 shares of the financial services provider’s stock after selling 8,528 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Intercontinental Exchange were worth $29,567,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ICE. Wellington Management Group LLP boosted its stake in shares of Intercontinental Exchange by 35.0% during the fourth quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock valued at $2,105,994,000 after acquiring an additional 4,251,371 shares during the last quarter. Perpetual Ltd lifted its stake in shares of Intercontinental Exchange by 0.4% in the 1st quarter. Perpetual Ltd now owns 1,487,993 shares of the financial services provider’s stock valued at $204,495,000 after purchasing an additional 6,272 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Intercontinental Exchange by 819.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider’s stock valued at $18,764,000 after purchasing an additional 122,169 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Intercontinental Exchange by 7.0% in the 1st quarter. Russell Investments Group Ltd. now owns 317,544 shares of the financial services provider’s stock valued at $43,617,000 after purchasing an additional 20,802 shares in the last quarter. Finally, Accent Capital Management LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $726,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $148.60, for a total transaction of $148,600.00. Following the completion of the transaction, the insider now owns 14,636 shares in the company, valued at $2,174,909.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Christopher Scott Edmonds sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $148.60, for a total transaction of $148,600.00. Following the completion of the transaction, the insider now owns 14,636 shares in the company, valued at $2,174,909.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the transaction, the general counsel now owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,532 shares of company stock worth $1,507,309 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ICE shares. Piper Sandler raised their target price on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Friday, October 4th. JPMorgan Chase & Co. lifted their price objective on Intercontinental Exchange from $151.00 to $171.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group lifted their price objective on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.67.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE traded up $1.92 during trading on Friday, reaching $162.57. The stock had a trading volume of 2,609,565 shares, compared to its average volume of 2,487,054. Intercontinental Exchange, Inc. has a one year low of $104.49 and a one year high of $164.18. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $93.34 billion, a PE ratio of 40.24, a P/E/G ratio of 2.62 and a beta of 1.08. The firm’s 50 day moving average price is $159.19 and its two-hundred day moving average price is $145.28.

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

Intercontinental Exchange 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.