92,628 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas acquired a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 92,628 shares of the financial services provider's stock, valued at approximately $14,880,000.

Several other hedge funds also recently modified their holdings of ICE. New Millennium Group LLC acquired a new position in Intercontinental Exchange during the second quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at approximately $25,000. Fairscale Capital LLC bought a new position in shares of Intercontinental Exchange in the second quarter valued at $25,000. Wolff Wiese Magana LLC increased its holdings in Intercontinental Exchange by 1,470.0% during the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider's stock worth $25,000 after buying an additional 147 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in Intercontinental Exchange during the third quarter worth $26,000. Institutional investors own 89.30% of the company's stock.

Insider Activity

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 602 shares of the business's stock in a transaction 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 sale, the insider now owns 14,034 shares of the company's stock, valued at approximately $2,284,875.54. The trade was a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total value of $149,056.40. Following the completion of the transaction, the general counsel now owns 44,702 shares of the company's stock, valued at $6,977,088.16. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,901 shares of company stock worth $1,582,542. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ICE shares. TD Cowen initiated coverage on shares of Intercontinental Exchange in a research report on Thursday, September 26th. They issued a "buy" rating and a $182.00 price objective for the company. Raymond James cut Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 price target for the company. in a report on Monday, October 14th. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research note on Friday, November 1st. Morgan Stanley lifted their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. Finally, Bank of America increased 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. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Intercontinental Exchange has a consensus rating of "Moderate Buy" and an average price target of $175.07.

Intercontinental Exchange Price Performance

NYSE:ICE traded down $0.97 during trading hours on Friday, reaching $155.58. 2,128,578 shares of the company were exchanged, compared to its average volume of 2,601,286. The business has a 50 day moving average of $160.04 and a 200 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 debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $89.33 billion, a P/E ratio of 36.87, a P/E/G ratio of 2.61 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its 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 return on equity of 12.75% and a net margin of 21.31%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the firm posted $1.46 EPS. Intercontinental Exchange's quarterly revenue was up 17.3% on a year-over-year basis. Research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Intercontinental Exchange Company 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.