Intercontinental Exchange Inc. $ICE Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,722,302 shares of the financial services provider’s stock after acquiring an additional 217,291 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Intercontinental Exchange were worth $764,824,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Ares Financial Consulting LLC acquired a new position in shares of Intercontinental Exchange in the fourth quarter worth about $25,000. Dorato Capital Management acquired a new position in shares of Intercontinental Exchange in the fourth quarter worth about $29,000. Swiss RE Ltd. acquired a new position in shares of Intercontinental Exchange in the fourth quarter worth about $28,000. Steph & Co. lifted its stake in shares of Intercontinental Exchange by 104.7% in the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 89 shares in the last quarter. Finally, Holos Integrated Wealth LLC acquired a new position in shares of Intercontinental Exchange in the fourth quarter worth about $28,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Buying and Selling

In other news, Director Sharon Bowen sold 667 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $151.28, for a total transaction of $100,903.76. Following the sale, the director directly owned 15,077 shares in the company, valued at approximately $2,280,848.56. This represents a 4.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Warren Gardiner sold 2,490 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $156.64, for a total value of $390,033.60. Following the sale, the chief financial officer owned 25,189 shares in the company, valued at $3,945,604.96. The trade was a 9.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,092 shares of company stock valued at $1,860,424 over the last quarter. Company insiders own 0.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ICE shares. UBS Group reiterated a “buy” rating and issued a $205.00 price target on shares of Intercontinental Exchange in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a research note on Friday, March 6th. Rothschild & Co Redburn set a $177.00 price objective on Intercontinental Exchange in a research note on Thursday. Piper Sandler restated an “overweight” rating and set a $211.00 price objective (up from $195.00) on shares of Intercontinental Exchange in a research note on Wednesday, April 15th. Finally, Barclays restated an “overweight” rating and set a $201.00 price objective (up from $198.00) on shares of Intercontinental Exchange in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $193.00.

Intercontinental Exchange Stock Up 0.9%

Shares of Intercontinental Exchange stock opened at $140.26 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. The business’s 50 day simple moving average is $154.22 and its 200-day simple moving average is $159.27. The stock has a market capitalization of $79.32 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.33 and a beta of 0.92. Intercontinental Exchange Inc. has a twelve month low of $136.67 and a twelve month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.72 EPS. Equities research analysts forecast that Intercontinental Exchange Inc. will post 8.16 earnings per share for the current year.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.