Peapack Gladstone Financial Corp Has $3.54 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Peapack Gladstone Financial Corp trimmed its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,015 shares of the financial services provider’s stock after selling 214 shares during the period. Peapack Gladstone Financial Corp’s holdings in Intercontinental Exchange were worth $3,537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of ICE. Diversified Trust Co acquired a new position in shares of Intercontinental Exchange in the second quarter valued at approximately $214,000. Wealth Enhancement Advisory Services LLC increased its holdings in Intercontinental Exchange by 6.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 23,287 shares of the financial services provider’s stock worth $3,188,000 after purchasing an additional 1,310 shares in the last quarter. Swedbank AB raised its stake in shares of Intercontinental Exchange by 5.4% in the 2nd quarter. Swedbank AB now owns 84,942 shares of the financial services provider’s stock valued at $11,628,000 after purchasing an additional 4,359 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Intercontinental Exchange by 2.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 996,450 shares of the financial services provider’s stock valued at $136,404,000 after purchasing an additional 19,699 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Intercontinental Exchange by 7.1% in the second quarter. First Horizon Advisors Inc. now owns 4,152 shares of the financial services provider’s stock valued at $568,000 after purchasing an additional 274 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 0.6 %

ICE opened at $155.58 on Friday. The stock’s fifty day simple moving average is $159.90 and its 200 day simple moving average is $153.38. Intercontinental Exchange, Inc. has a 1-year low of $121.56 and a 1-year high of $167.99. The stock has a market cap of $89.33 billion, a PE ratio of 36.87, a price-to-earnings-growth ratio of 2.61 and a beta of 1.08. 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 issued its quarterly earnings data 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 return on equity of 12.75% and a net margin of 21.31%. The business’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.46 earnings per share. As a group, research analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Insider Activity

In related news, insider Christopher Scott Edmonds sold 602 shares of the firm’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 $98,011.62. Following the transaction, the insider now owns 14,034 shares in the company, valued at approximately $2,284,875.54. This trade represents a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Stuart Glen Williams sold 468 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $76,195.08. Following the sale, the chief operating officer now directly owns 13,530 shares of the company’s stock, valued at $2,202,819.30. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,901 shares of company stock valued at $1,582,542. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ICE shares. Raymond James lowered Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price on the stock. in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Friday, November 1st. Piper Sandler raised their price objective on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Bank of America lifted their target price on Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.