Motley Fool Asset Management LLC Acquires 822 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Motley Fool Asset Management LLC boosted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 3.7% during the third quarter, HoldingsChannel reports. The fund owned 23,108 shares of the financial services provider’s stock after purchasing an additional 822 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Intercontinental Exchange were worth $3,724,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. IHT Wealth Management LLC increased its holdings in Intercontinental Exchange by 13.8% in the third quarter. IHT Wealth Management LLC now owns 2,063 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 250 shares during the period. Ingalls & Snyder LLC increased its stake in shares of Intercontinental Exchange by 1.9% in the third quarter. Ingalls & Snyder LLC now owns 48,481 shares of the financial services provider’s stock valued at $7,788,000 after buying an additional 893 shares during the period. Investment Management Corp of Ontario raised its position in shares of Intercontinental Exchange by 48.4% during the third quarter. Investment Management Corp of Ontario now owns 19,010 shares of the financial services provider’s stock worth $3,054,000 after acquiring an additional 6,200 shares during the last quarter. Itau Unibanco Holding S.A. raised its position in shares of Intercontinental Exchange by 99.2% during the third quarter. Itau Unibanco Holding S.A. now owns 7,084 shares of the financial services provider’s stock worth $1,138,000 after acquiring an additional 3,527 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Intercontinental Exchange by 326.3% in the third quarter. Janus Henderson Group PLC now owns 4,520,639 shares of the financial services provider’s stock worth $726,196,000 after acquiring an additional 3,460,096 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ICE has been the subject of a number of recent analyst reports. Bank of America increased their target price on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Raymond James lowered Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective for the company. in a research report on Monday, October 14th. Piper Sandler upped their target price on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Barclays lowered their target price on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating for the company in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus target price of $174.13.

Intercontinental Exchange Stock Performance

ICE opened at $156.26 on Wednesday. Intercontinental Exchange, Inc. has a 1-year low of $111.82 and a 1-year high of $167.99. The company has a market cap of $89.72 billion, a price-to-earnings ratio of 37.03, a PEG ratio of 2.61 and a beta of 1.08. The company’s fifty day moving average price is $160.53 and its two-hundred day moving average price is $152.34. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.55. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The firm’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.46 EPS. On average, analysts expect that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Insider Activity

In related news, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the transaction, the president now directly owns 156,163 shares in the company, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher Scott Edmonds sold 602 shares of the business’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 transaction, the insider now owns 14,034 shares in the company, valued at $2,284,875.54. The trade was a 4.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,696 shares of company stock worth $1,554,559 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Company 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.