Intercontinental Exchange Inc. $ICE Stock Acquired by Lyell Wealth Management LP

Lyell Wealth Management LP boosted its position in Intercontinental Exchange Inc. (NYSE:ICE) by 17.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 19,758 shares of the financial services provider’s stock after purchasing an additional 2,934 shares during the period. Lyell Wealth Management LP’s holdings in Intercontinental Exchange were worth $3,004,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at about $6,245,085,000. State Street Corp lifted its stake in shares of Intercontinental Exchange by 1.6% in the 2nd quarter. State Street Corp now owns 25,966,680 shares of the financial services provider’s stock worth $3,196,758,000 after purchasing an additional 415,490 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Intercontinental Exchange by 16.1% in the second quarter. Wellington Management Group LLP now owns 11,812,273 shares of the financial services provider’s stock worth $1,454,209,000 after buying an additional 1,634,385 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Intercontinental Exchange in the second quarter worth approximately $714,869,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Intercontinental Exchange by 1.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,298,162 shares of the financial services provider’s stock worth $652,257,000 after buying an additional 52,910 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on ICE. Morgan Stanley boosted their target price on shares of Intercontinental Exchange from $163.00 to $173.00 and gave the company an “equal weight” rating in a research report on Friday, October 9th. The Goldman Sachs Group increased their price target on shares of Intercontinental Exchange from $192.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, October 2nd. Keefe, Bruyette & Woods lifted their price target on shares of Intercontinental Exchange from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, October 30th. Barclays boosted their price objective on shares of Intercontinental Exchange from $189.00 to $194.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. Finally, Rothschild & Co Redburn boosted their price objective on shares of Intercontinental Exchange from $173.00 to $181.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $189.25.

Insider Buying and Selling

In other Intercontinental Exchange news, insider Christopher Edmonds sold 5,000 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $160.59, for a total transaction of $802,950.00. Following the transaction, the insider owned 14,367 shares of the company’s stock, valued at $2,307,196.53. The trade was a 25.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Benjamin Jackson sold 12,862 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $160.09, for a total transaction of $2,059,077.58. Following the completion of the transaction, the president owned 164,264 shares of the company’s stock, valued at approximately $26,297,023.76. The trade was a 7.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 36,309 shares of company stock worth $5,787,841 in the last ninety days. Corporate insiders own 0.84% of the company’s stock.

Trending Headlines about Intercontinental Exchange

Here are the key news stories impacting Intercontinental Exchange this week:

• Positive Sentiment: New derivatives venture could open a growth opportunity. ICE plans to build a derivatives exchange using Hyperliquid’s infrastructure, in a deal involving Trade[XYZ]. Bringing perpetual futures to U.S. markets could create future trading and fee revenue for ICE, though the business opportunity is not yet proven. The Company Behind the New York Stock Exchange Is Now Building on Hyperliquid
• Positive Sentiment: Recent results and analyst targets offer support. ICE’s third-quarter adjusted EPS of $2.02 beat expectations, and revenue grew year over year. Recent reports also raised price targets, reflecting a constructive view of the company’s outlook. Intercontinental Exchange: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: CFTC approval provides a path, but not certainty, for the new product. The regulator has cleared stock perpetual futures for trading on CFTC-registered U.S. exchanges. This supports the possibility of ICE’s planned offering, but its eventual contribution to ICE’s results remains uncertain. The CFTC Just Cleared Stock Perpetual Futures for U.S. Exchanges
• Negative Sentiment: A senior accounting officer sold shares. CAO James Namkung sold 2,430 shares for about $401,000, reducing his holdings by 14.7%. The sale may be a mild negative signal, though it is small relative to ICE’s overall size. Intercontinental Exchange CAO Sells 2,430 Shares

Intercontinental Exchange Stock Down 0.7%

NYSE ICE opened at $171.05 on Wednesday. The stock’s 50-day moving average price is $157.94 and its 200-day moving average price is $154.62. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.68. Intercontinental Exchange Inc. has a 52 week low of $121.79 and a 52 week high of $176.05. The company has a market capitalization of $95.59 billion, a P/E ratio of 23.34, a price-to-earnings-growth ratio of 1.53 and a beta of 0.84.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, October 29th. The financial services provider reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.05. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Intercontinental Exchange had a return on equity of 15.32% and a net margin of 29.62%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.71 EPS. On average, equities research analysts predict that Intercontinental Exchange Inc. will post 8.21 earnings per share for the current year.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc (NYSE:ICE) is a global operator of exchanges, clearinghouses, data services and technology platforms. The company owns and operates the New York Stock Exchange and other exchanges serving equity, options, futures and over-the-counter markets. Its marketplaces support trading in areas including energy, agricultural commodities, interest rates, currencies, equity indexes and individual stocks.

ICE also provides clearing and settlement services that help manage counterparty and transaction risk, along with market data, analytics, connectivity and other technology solutions for financial institutions and businesses.