RB Capital Management LLC Has $729,000 Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

RB Capital Management LLC lowered its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 6.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,539 shares of the financial services provider’s stock after selling 303 shares during the quarter. RB Capital Management LLC’s holdings in Intercontinental Exchange were worth $729,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its holdings in Intercontinental Exchange by 819.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider’s stock valued at $18,764,000 after purchasing an additional 122,169 shares during the period. Blue Trust Inc. raised its position 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 in the last quarter. GDS Wealth Management boosted its stake in shares of Intercontinental Exchange by 5.3% in the third quarter. GDS Wealth Management now owns 103,412 shares of the financial services provider’s stock valued at $16,612,000 after buying an additional 5,226 shares during the period. Main Management ETF Advisors LLC acquired a new stake in Intercontinental Exchange during the third quarter worth approximately $873,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Intercontinental Exchange by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,142,092 shares of the financial services provider’s stock worth $504,746,000 after acquiring an additional 21,615 shares during the period. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 0.1 %

Shares of ICE stock opened at $156.07 on Tuesday. The stock has a 50-day moving average of $160.29 and a 200-day moving average of $152.89. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock has a market cap of $89.61 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 2.58 and a beta of 1.08. Intercontinental Exchange, Inc. has a 1-year low of $113.87 and a 1-year high of $167.99.

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

Insider Buying and Selling 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 that occurred on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the sale, the general counsel now owns 44,865 shares of the company’s stock, valued at approximately $7,159,108.05. This trade represents a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Stuart Glen Williams sold 468 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $76,195.08. Following the completion of the transaction, the chief operating officer now directly owns 13,530 shares in the company, valued at approximately $2,202,819.30. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,946 shares of company stock valued at $1,433,486. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ICE shares. TD Cowen initiated coverage on shares of Intercontinental Exchange in a report on Thursday, September 26th. They issued a “buy” rating and a $182.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Friday, November 1st. Bank of America lifted their price target on Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. upped their price objective on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average price target of $175.07.

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.