Intercontinental Exchange (ICE) – Research Analysts’ Weekly Ratings Updates

Intercontinental Exchange (NYSE: ICE) recently received a number of ratings updates from brokerages and research firms:

• 1/17/2025 – Intercontinental Exchange had its price target lowered by analysts at JPMorgan Chase & Co. from $190.00 to $189.00. They now have an “overweight” rating on the stock.
• 1/13/2025 – Intercontinental Exchange had its price target lowered by analysts at Barclays PLC from $187.00 to $179.00. They now have an “overweight” rating on the stock.
• 1/13/2025 – Intercontinental Exchange had its price target lowered by analysts at Keefe, Bruyette & Woods from $183.00 to $178.00. They now have an “outperform” rating on the stock.
• 1/8/2025 – Intercontinental Exchange was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 1/7/2025 – Intercontinental Exchange had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $200.00 price target on the stock.
• 12/9/2024 – Intercontinental Exchange had its price target raised by analysts at Barclays PLC from $173.00 to $187.00. They now have an “overweight” rating on the stock.
• 12/5/2024 – Intercontinental Exchange was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/27/2024 – Intercontinental Exchange was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Intercontinental Exchange Stock Up 2.2 %

ICE stock opened at $157.61 on Friday. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $167.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The firm has a 50-day simple moving average of $152.92 and a 200-day simple moving average of $155.85. The stock has a market capitalization of $90.50 billion, a P/E ratio of 37.35, a P/E/G ratio of 2.90 and a beta of 1.10.

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

Insider Buying and Selling at Intercontinental Exchange

In related news, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Stuart Glen Williams sold 750 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the sale, the chief operating officer now owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. The trade was a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,795 shares of company stock worth $2,120,572. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC boosted its holdings in Intercontinental Exchange by 326.3% in the 3rd quarter. Janus Henderson Group PLC now owns 4,520,639 shares of the financial services provider’s stock valued at $726,196,000 after purchasing an additional 3,460,096 shares during the last quarter. FMR LLC lifted its holdings in Intercontinental Exchange by 44.1% in the third quarter. FMR LLC now owns 7,846,421 shares of the financial services provider’s stock valued at $1,260,449,000 after acquiring an additional 2,401,630 shares during the last quarter. Swedbank AB grew its position in Intercontinental Exchange by 2,293.3% in the fourth quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider’s stock worth $330,171,000 after acquiring an additional 2,123,185 shares during the period. Two Sigma Advisers LP increased its stake in Intercontinental Exchange by 285.9% during the third quarter. Two Sigma Advisers LP now owns 1,756,400 shares of the financial services provider’s stock worth $282,148,000 after acquiring an additional 1,301,200 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Intercontinental Exchange by 426.3% in the third quarter. Assenagon Asset Management S.A. now owns 721,474 shares of the financial services provider’s stock valued at $115,898,000 after purchasing an additional 584,400 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

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.