B. Metzler seel. Sohn & Co. Holding AG Acquires New Shares in Intercontinental Exchange, Inc. (NYSE:ICE)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 120,012 shares of the financial services provider’s stock, valued at approximately $19,279,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. SouthState Corp raised its holdings in shares of Intercontinental Exchange by 7.0% in the third quarter. SouthState Corp now owns 63,566 shares of the financial services provider’s stock valued at $10,211,000 after acquiring an additional 4,140 shares in the last quarter. Tranquility Partners LLC bought a new stake in shares of Intercontinental Exchange in the third quarter valued at about $208,000. Caprock Group LLC raised its holdings in shares of Intercontinental Exchange by 99.1% in the third quarter. Caprock Group LLC now owns 14,001 shares of the financial services provider’s stock valued at $2,249,000 after acquiring an additional 6,970 shares in the last quarter. Baron Wealth Management LLC raised its holdings in shares of Intercontinental Exchange by 6.5% in the third quarter. Baron Wealth Management LLC now owns 1,667 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 102 shares in the last quarter. Finally, Nixon Peabody Trust Co. raised its holdings in shares of Intercontinental Exchange by 0.8% in the third quarter. Nixon Peabody Trust Co. now owns 114,380 shares of the financial services provider’s stock valued at $18,374,000 after acquiring an additional 899 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Price Performance

Shares of NYSE ICE opened at $157.69 on Tuesday. The business’s 50 day moving average price is $160.89 and its 200 day moving average price is $150.44. The firm has a market cap of $90.54 billion, a P/E ratio of 37.37, a P/E/G ratio of 2.57 and a beta of 1.08. Intercontinental Exchange, Inc. has a 52 week low of $110.64 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.

Intercontinental Exchange (NYSE:ICE) last issued 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 firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. Intercontinental Exchange’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.46 earnings per share. On average, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, Director Martha A. Tirinnanzi sold 509 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $158.98, for a total value of $80,920.82. Following the sale, the director now owns 3,958 shares in the company, valued at approximately $629,242.84. This represents a 11.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Christopher Scott Edmonds sold 602 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was 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 owns 14,034 shares in the company, valued at approximately $2,284,875.54. This represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,489 shares of company stock worth $1,202,259 over the last quarter. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

ICE has been the subject of several recent research reports. Barclays decreased their price objective on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Morgan Stanley boosted their target price on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Bank of America boosted their target price on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $168.00 target price on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $174.13.

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.