Banco Santander S.A. Has $23.77 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Banco Santander S.A. lifted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 147,949 shares of the financial services provider’s stock after acquiring an additional 1,101 shares during the period. Banco Santander S.A.’s holdings in Intercontinental Exchange were worth $23,767,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Parnassus Investments LLC increased its position in shares of Intercontinental Exchange by 4.0% during the third quarter. Parnassus Investments LLC now owns 7,838,727 shares of the financial services provider’s stock valued at $1,259,213,000 after purchasing an additional 299,037 shares during the period. Legal & General Group Plc grew its stake in shares of Intercontinental Exchange by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 4,453,286 shares of the financial services provider’s stock valued at $609,609,000 after purchasing an additional 191,763 shares during the period. Clearbridge Investments LLC raised its holdings in shares of Intercontinental Exchange by 10.4% in the 2nd quarter. Clearbridge Investments LLC now owns 3,019,195 shares of the financial services provider’s stock worth $413,298,000 after buying an additional 284,664 shares in the last quarter. Raymond James & Associates lifted its position in shares of Intercontinental Exchange by 11.1% during the 3rd quarter. Raymond James & Associates now owns 2,535,785 shares of the financial services provider’s stock worth $407,348,000 after buying an additional 253,324 shares during the period. Finally, AGF Management Ltd. boosted its stake in Intercontinental Exchange by 11.0% in the 2nd quarter. AGF Management Ltd. now owns 2,208,036 shares of the financial services provider’s stock valued at $302,258,000 after buying an additional 218,516 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ICE. Piper Sandler lifted their price target on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $168.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Bank of America lifted their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. TD Cowen started coverage on shares of Intercontinental Exchange in a report on Thursday, September 26th. They issued a “buy” rating and a $182.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $174.13.

Intercontinental Exchange Stock Up 0.8 %

Intercontinental Exchange stock opened at $157.00 on Thursday. The firm has a 50 day moving average price of $160.73 and a 200-day moving average price of $150.67. Intercontinental Exchange, Inc. has a twelve month low of $111.82 and a twelve month high of $167.99. The company has a market capitalization of $90.15 billion, a P/E ratio of 36.91, a P/E/G ratio of 2.61 and a beta of 1.08. 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 released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter last year, the business posted $1.46 earnings per share. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. As a group, equities analysts predict that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Insiders Place Their Bets

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the transaction, the general counsel now owns 44,865 shares in the company, valued at $7,159,108.05. This trade represents a 4.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $98,011.62. Following the sale, the insider now directly owns 14,034 shares of the company’s stock, valued at $2,284,875.54. This represents a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,489 shares of company stock worth $1,202,259. Company insiders own 1.10% of the company’s stock.

About Intercontinental Exchange

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.