Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Glen Eagle Advisors LLC

Glen Eagle Advisors LLC increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 14.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,556 shares of the financial services provider’s stock after buying an additional 200 shares during the quarter. Glen Eagle Advisors LLC’s holdings in Intercontinental Exchange were worth $250,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC boosted its position in shares of Intercontinental Exchange by 3.9% during the 3rd quarter. EP Wealth Advisors LLC now owns 6,922 shares of the financial services provider’s stock valued at $1,112,000 after acquiring an additional 257 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new position in Intercontinental Exchange in the 3rd quarter valued at about $54,662,000. Two Sigma Advisers LP grew its stake in shares of Intercontinental Exchange by 285.9% in the 3rd quarter. Two Sigma Advisers LP now owns 1,756,400 shares of the financial services provider’s stock valued at $282,148,000 after buying an additional 1,301,200 shares during the period. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Intercontinental Exchange during the 3rd quarter worth approximately $203,000. Finally, Stansberry Asset Management LLC raised its position in shares of Intercontinental Exchange by 0.7% during the 3rd quarter. Stansberry Asset Management LLC now owns 72,497 shares of the financial services provider’s stock valued at $11,646,000 after buying an additional 493 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Ratings Changes

ICE has been the topic of several recent analyst reports. Morgan Stanley upped their price target on Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Barclays lowered their target price on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Piper Sandler upped their price objective 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Friday, November 1st. Finally, TD Cowen began coverage on Intercontinental Exchange in a research note on Thursday, September 26th. They set a “buy” rating and a $182.00 price target on the stock. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $174.13.

Insider Buying and Selling

In other news, insider Christopher Scott Edmonds sold 602 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the transaction, the insider now directly owns 14,034 shares of the company’s stock, valued at $2,284,875.54. This trade represents a 4.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the sale, the president now owns 156,163 shares in the company, valued at approximately $24,986,080. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,696 shares of company stock valued at $1,554,559. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Down 0.3 %

Shares of Intercontinental Exchange stock opened at $155.93 on Friday. The firm has a market cap of $89.53 billion, a price-to-earnings ratio of 36.95, a price-to-earnings-growth ratio of 2.58 and a beta of 1.08. Intercontinental Exchange, Inc. has a 52-week low of $111.82 and a 52-week high of $167.99. The company’s 50-day simple moving average is $160.38 and its 200-day simple moving average is $152.63. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68.

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