Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Leelyn Smith LLC

Leelyn Smith LLC lifted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,742 shares of the financial services provider’s stock after purchasing an additional 125 shares during the quarter. Intercontinental Exchange makes up 0.9% of Leelyn Smith LLC’s investment portfolio, making the stock its 27th biggest holding. Leelyn Smith LLC’s holdings in Intercontinental Exchange were worth $4,938,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its position in shares of Intercontinental Exchange by 819.7% during the second quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider’s stock worth $18,764,000 after acquiring an additional 122,169 shares during the last quarter. BDF Gestion purchased a new position in Intercontinental Exchange during the 2nd quarter worth $2,849,000. LRI Investments LLC purchased a new position in Intercontinental Exchange during the 1st quarter worth $137,000. Burke & Herbert Bank & Trust Co. acquired a new position in Intercontinental Exchange in the second quarter valued at $1,366,000. Finally, Blue Trust Inc. raised its holdings in shares of Intercontinental Exchange by 312.4% in the second quarter. Blue Trust Inc. now owns 5,180 shares of the financial services provider’s stock valued at $712,000 after buying an additional 3,924 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the topic of several recent research reports. Raymond James cut Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target on the stock. in a research report on Monday, October 14th. TD Cowen assumed coverage on Intercontinental Exchange in a report on Thursday, September 26th. They issued a “buy” rating and a $182.00 target price on the stock. The Goldman Sachs Group increased their price target on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.13.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $159.29 on Friday. The firm has a market capitalization of $91.46 billion, a price-to-earnings ratio of 37.75, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange, Inc. has a 12 month low of $111.82 and a 12 month high of $167.99. The business’s 50 day simple moving average is $160.64 and its 200-day simple moving average is $150.92.

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

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the sale, the general counsel now directly owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This trade represents a 4.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the transaction, the insider now directly owns 14,034 shares of the company’s stock, 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. In the last 90 days, insiders have sold 5,809 shares of company stock valued at $933,978. 1.10% of the stock is owned by corporate insiders.

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.