Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 48.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 13,806 shares of the financial services provider’s stock after acquiring an additional 4,525 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Intercontinental Exchange were worth $2,198,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ICE. New Millennium Group LLC acquired a new stake in shares of Intercontinental Exchange during the second quarter worth about $25,000. International Assets Investment Management LLC acquired a new stake in Intercontinental Exchange during the 2nd quarter valued at approximately $25,000. Fairscale Capital LLC acquired a new stake in Intercontinental Exchange during the 2nd quarter valued at approximately $25,000. Wolff Wiese Magana LLC boosted its holdings in shares of Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 147 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Intercontinental Exchange in the third quarter worth $26,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 1.5 %

ICE stock opened at $158.44 on Wednesday. Intercontinental Exchange, Inc. has a 52 week low of $113.87 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. The firm has a 50-day simple moving average of $160.29 and a 200-day simple moving average of $152.89. The stock has a market capitalization of $90.97 billion, a P/E ratio of 37.55, a P/E/G ratio of 2.58 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last announced 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 business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.46 earnings per share. Equities analysts forecast that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ICE has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. TD Cowen began coverage on Intercontinental Exchange in a research note on Thursday, September 26th. They issued a “buy” rating and a $182.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a report on Friday, November 1st. Piper Sandler boosted their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Raymond James cut shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective on the stock. in a research note on Monday, October 14th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $175.07.

Insider Buying and Selling at Intercontinental Exchange

In related news, President Benjamin Jackson sold 5,828 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the sale, the president now owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. This trade represents 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, COO Stuart Glen Williams sold 468 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $76,195.08. Following the transaction, the chief operating officer now directly owns 13,530 shares in the company, valued at $2,202,819.30. This trade represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,946 shares of company stock worth $1,433,486. Corporate 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.