21,811 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,811 shares of the financial services provider's stock, valued at approximately $3,504,000.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in shares of Intercontinental Exchange by 1.2% during the third quarter. State Street Corp now owns 23,651,598 shares of the financial services provider's stock worth $3,799,393,000 after purchasing an additional 281,503 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Intercontinental Exchange by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 11,555,615 shares of the financial services provider's stock worth $1,848,868,000 after buying an additional 169,922 shares during the last quarter. FMR LLC lifted its holdings in shares of Intercontinental Exchange by 44.1% in the 3rd quarter. FMR LLC now owns 7,846,421 shares of the financial services provider's stock valued at $1,260,449,000 after purchasing an additional 2,401,630 shares during the last quarter. Parnassus Investments LLC boosted its position in shares of Intercontinental Exchange by 4.0% in the 3rd quarter. Parnassus Investments LLC now owns 7,838,727 shares of the financial services provider's stock valued at $1,259,213,000 after purchasing an additional 299,037 shares during the period. Finally, Janus Henderson Group PLC increased its position in Intercontinental Exchange by 326.3% during 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 buying an additional 3,460,096 shares during the period. Institutional investors and hedge funds own 89.30% of the company's stock.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the firm's stock in a transaction 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 sale, the president now directly owns 156,163 shares in the company, 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 filing with the SEC, which can be accessed through this link. Also, insider Christopher Scott Edmonds sold 602 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the sale, the insider now directly owns 14,034 shares in the company, valued at approximately $2,284,875.54. This trade represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,901 shares of company stock valued at $1,582,542 in the last ninety days. Insiders own 1.10% of the company's stock.

Intercontinental Exchange Trading Down 0.7 %

Shares of ICE stock traded down $1.05 on Friday, reaching $155.50. 973,929 shares of the stock were exchanged, compared to its average volume of 2,595,097. The firm has a 50 day moving average of $160.04 and a two-hundred day moving average of $153.11. Intercontinental Exchange, Inc. has a 1-year low of $121.56 and a 1-year 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 stock has a market cap of $89.28 billion, a P/E ratio of 36.91, a price-to-earnings-growth ratio of 2.61 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted 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. 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 the consensus estimate of $2.35 billion. During the same quarter in the prior year, the company earned $1.46 EPS. The company's revenue was up 17.3% on a year-over-year basis. On average, research analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Analyst Upgrades and Downgrades

ICE has been the topic of several recent research reports. TD Cowen initiated coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They issued a "buy" rating and a $182.00 price target on the stock. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Thursday, December 5th. Raymond James downgraded Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 target price for the company. in a report on Monday, October 14th. Bank of America boosted their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Finally, Barclays increased their target price on shares of Intercontinental Exchange from $173.00 to $187.00 and gave the company an "overweight" rating in a report on Monday. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $175.07.

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.