Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Invesco LLC

Invesco LLC grew its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 22.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,893 shares of the financial services provider’s stock after purchasing an additional 2,001 shares during the period. Invesco LLC’s holdings in Intercontinental Exchange were worth $1,623,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quintet Private Bank Europe S.A. raised its position in Intercontinental Exchange by 13.8% in the third quarter. Quintet Private Bank Europe S.A. now owns 511 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 62 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Intercontinental Exchange by 26.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 302 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 63 shares in the last quarter. Integrated Advisors Network LLC lifted its stake in shares of Intercontinental Exchange by 4.0% in the third quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 66 shares during the period. Commons Capital LLC boosted its holdings in Intercontinental Exchange by 1.2% during the fourth quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider’s stock worth $886,000 after buying an additional 69 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its position in Intercontinental Exchange by 6.2% during the third quarter. Catalyst Capital Advisors LLC now owns 1,197 shares of the financial services provider’s stock worth $192,000 after buying an additional 70 shares during the period. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the sale, the insider now owns 12,922 shares in the company, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the transaction, the chief technology officer now owns 66,548 shares of the company’s stock, valued at $9,821,819.32. This trade represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,795 shares of company stock worth $2,120,572. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on ICE. Raymond James cut Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target on the stock. in a report on Monday, October 14th. Bank of America raised their price target on Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Keefe, Bruyette & Woods decreased their price objective on shares of Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Morgan Stanley lifted their target price on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, Barclays lowered their price target on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average target price of $175.27.

Intercontinental Exchange Trading Down 0.5 %

Shares of ICE stock traded down $0.87 during mid-day trading on Wednesday, reaching $157.97. The company’s stock had a trading volume of 120,292 shares, compared to its average volume of 3,148,899. The company’s 50 day simple moving average is $153.07 and its 200-day simple moving average is $156.32. 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, Inc. has a 12-month low of $124.34 and a 12-month high of $167.99. The firm has a market capitalization of $90.70 billion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 2.95 and a beta of 1.10.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.55. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.46 earnings per share. On average, research analysts predict that Intercontinental Exchange, Inc. will post 6.05 EPS 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.