Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Raymond James & Associates

Raymond James & Associates lifted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 11.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,535,785 shares of the financial services provider’s stock after purchasing an additional 253,324 shares during the quarter. Raymond James & Associates’ holdings in Intercontinental Exchange were worth $407,348,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC purchased a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $317,000. Wedmont Private Capital increased its stake in Intercontinental Exchange by 2.1% during the first quarter. Wedmont Private Capital now owns 5,746 shares of the financial services provider’s stock worth $776,000 after acquiring an additional 118 shares during the last quarter. Park Avenue Securities LLC increased its stake in Intercontinental Exchange by 7.1% during the first quarter. Park Avenue Securities LLC now owns 22,601 shares of the financial services provider’s stock worth $3,106,000 after acquiring an additional 1,494 shares during the last quarter. Marcum Wealth LLC raised its position in Intercontinental Exchange by 3.2% in the first quarter. Marcum Wealth LLC now owns 2,802 shares of the financial services provider’s stock valued at $385,000 after purchasing an additional 87 shares during the period. Finally, Gulf International Bank UK Ltd lifted its stake in shares of Intercontinental Exchange by 0.6% in the 1st quarter. Gulf International Bank UK Ltd now owns 47,250 shares of the financial services provider’s stock valued at $6,493,000 after purchasing an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the company an “overweight” rating in a report on Monday, September 16th. The Goldman Sachs Group upped their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. 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, October 4th. Citigroup upped their price target on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Finally, Raymond James cut Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective for the company. in a research note on Monday, October 14th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average price target of $172.80.

Intercontinental Exchange Stock Up 1.2 %

Shares of ICE stock traded up $2.02 during trading hours on Friday, reaching $166.83. 2,310,759 shares of the stock were exchanged, compared to its average volume of 2,482,702. The business’s fifty day moving average is $160.55 and its two-hundred day moving average is $146.20. The firm has a market capitalization of $95.69 billion, a P/E ratio of 38.26, a P/E/G ratio of 2.62 and a beta of 1.08. Intercontinental Exchange, Inc. has a 12-month low of $104.49 and a 12-month high of $167.23. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 EPS. As a group, research analysts expect that Intercontinental Exchange, Inc. will post 6.08 EPS for the current fiscal year.

Insider Buying and Selling at Intercontinental Exchange

In other news, CFO Warren Gardiner sold 750 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $161.43, for a total transaction of $121,072.50. Following the completion of the transaction, the chief financial officer now directly owns 16,576 shares of the company’s stock, valued at approximately $2,675,863.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Christopher Scott Edmonds sold 602 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $98,011.62. Following the completion of the sale, the insider now directly owns 14,034 shares of the company’s stock, valued at $2,284,875.54. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Warren Gardiner sold 750 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $161.43, for a total value of $121,072.50. Following the transaction, the chief financial officer now directly owns 16,576 shares in the company, valued at approximately $2,675,863.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,532 shares of company stock worth $1,358,709 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

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.