Compass Capital Management Inc. lowered its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE – Free Report) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 337,336 shares of the financial services provider’s stock after selling 15,589 shares during the quarter. Intercontinental Exchange comprises about 3.2% of Compass Capital Management Inc.’s holdings, making the stock its 15th largest position. Compass Capital Management Inc. owned approximately 0.06% of Intercontinental Exchange worth $51,285,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of Intercontinental Exchange in the second quarter valued at approximately $6,245,085,000. State Street Corp raised its stake in shares of Intercontinental Exchange by 1.6% during the second 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 last quarter. Wellington Management Group LLP raised its stake in shares of Intercontinental Exchange by 16.1% during 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 purchasing an additional 1,634,385 shares during the last quarter. Amundi lifted its holdings in shares of Intercontinental Exchange by 49.6% during the first quarter. Amundi now owns 4,997,079 shares of the financial services provider’s stock worth $785,941,000 after purchasing an additional 1,656,220 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Intercontinental Exchange during the second quarter worth $714,869,000. Institutional investors and hedge funds own 89.30% of the company’s stock.
Intercontinental Exchange Stock Performance
ICE opened at $178.43 on Friday. Intercontinental Exchange Inc. has a 1-year low of $121.79 and a 1-year high of $181.38. The stock has a market cap of $99.72 billion, a P/E ratio of 24.34, a P/E/G ratio of 1.57 and a beta of 0.84. The stock’s 50 day simple moving average is $160.31 and its 200 day simple moving average is $154.73. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.03 and a quick ratio of 1.03.
Intercontinental Exchange (NYSE:ICE – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.05. The firm had revenue of $3.63 billion during 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%. Intercontinental Exchange’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.71 earnings per share. As a group, equities analysts anticipate that Intercontinental Exchange Inc. will post 8.21 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CTO Mayur Kapani sold 4,272 shares of the stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $179.05, for a total value of $764,901.60. Following the sale, the chief technology officer directly owned 69,480 shares of the company’s stock, valued at approximately $12,440,394. This represents a 5.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Andrew Surdykowski sold 4,575 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $175.05, for a total transaction of $800,853.75. Following the transaction, the general counsel owned 40,554 shares of the company’s stock, valued at $7,098,977.70. This trade represents a 10.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 56,272 shares of company stock worth $9,403,571. 0.84% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of equities analysts recently weighed in on ICE shares. Weiss Ratings upgraded shares of Intercontinental Exchange from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 21st. Piper Sandler restated an “overweight” rating and set a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a research report on Friday, October 2nd. Morgan Stanley raised their target price on shares of Intercontinental Exchange from $163.00 to $173.00 and gave the stock an “equal weight” rating in a research note on Friday, October 9th. Wells Fargo & Company lifted their target price on shares of Intercontinental Exchange from $160.00 to $167.00 and gave the company an “underweight” rating in a report on Friday, October 30th. Finally, Rothschild & Co Redburn boosted their price target on shares of Intercontinental Exchange from $173.00 to $181.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $189.25.
Recent Intercontinental Exchange Headlines
Investors following ICE have been watching these headlines:
- Positive Sentiment: ICE and OKX have launched a joint venture to create a venue for tokenized stock trading. The initiative could extend ICE’s reach into digital-asset markets, though its financial impact will depend on adoption and execution. Article: Intercontinental Exchange and OKX launch tokenized stock trading venue through joint venture
- Positive Sentiment: Analyst sentiment is favorable: ICE has a consensus “Moderate Buy” rating and an average price target of $189.25, above the roughly $178 share price cited in the coverage. Article: Intercontinental Exchange stock has consensus price target of $189.25
- Negative Sentiment: Three insiders disclosed stock sales: CTO Mayur Kapani sold 4,272 shares, General Counsel Andrew Surdykowski sold 4,575, and Director Sharon Bowen sold 2,100. Each retained shares, but the transactions could be a modest negative sentiment signal. SEC filing: Mayur Kapani transaction SEC filing: Andrew Surdykowski transaction SEC filing: Sharon Bowen transaction
Intercontinental Exchange Profile
Intercontinental Exchange, Inc. (NYSE: ICE) operates exchanges, clearing houses and technology businesses serving financial and commodity markets. Its platforms support the trading and clearing of futures, options and other products across areas such as energy, agriculture, interest rates and equities. The company also provides market data, analytics and connectivity services to financial institutions and other market participants. Intercontinental Exchange owns the New York Stock Exchange and operates exchanges and clearing houses in multiple markets around the world.
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