Brown Brothers Harriman & Co. Increases Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Brown Brothers Harriman & Co. lifted its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 11.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,962 shares of the financial services provider's stock after purchasing an additional 4,260 shares during the period. Brown Brothers Harriman & Co.'s holdings in Intercontinental Exchange were worth $6,741,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Silvercrest Asset Management Group LLC increased its stake in shares of Intercontinental Exchange by 7.8% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 16,243 shares of the financial services provider's stock worth $2,232,000 after acquiring an additional 1,180 shares in the last quarter. Janus Henderson Group PLC grew its position in Intercontinental Exchange by 589.4% during the first quarter. Janus Henderson Group PLC now owns 804,507 shares of the financial services provider's stock valued at $110,559,000 after buying an additional 687,817 shares during the period. Dynasty Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange in the 1st quarter worth $692,000. B. Riley Wealth Advisors Inc. raised its stake in shares of Intercontinental Exchange by 61.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 8,082 shares of the financial services provider's stock worth $1,111,000 after buying an additional 3,062 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in Intercontinental Exchange by 0.9% during the first quarter. California State Teachers Retirement System now owns 924,227 shares of the financial services provider's stock valued at $127,017,000 after purchasing an additional 7,802 shares in the last quarter. Institutional investors own 89.30% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Morgan Stanley increased their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. Barclays cut their price objective on Intercontinental Exchange from $179.00 to $173.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Raymond James downgraded 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. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of Intercontinental Exchange in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of "Moderate Buy" and a consensus target price of $174.13.

Intercontinental Exchange Trading Up 0.5 %

ICE traded up $0.86 on Tuesday, reaching $160.49. 3,463,711 shares of the company traded hands, compared to its average volume of 2,577,737. The company has a market cap of $92.15 billion, a P/E ratio of 38.03, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a one year low of $111.82 and a one year high of $167.99. The firm has a fifty day simple moving average of $160.55 and a two-hundred day simple moving average of $151.52.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 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 the consensus estimate of $2.35 billion. During the same period last year, the business posted $1.46 EPS. Intercontinental Exchange's quarterly revenue was up 17.3% on a year-over-year basis. As a group, equities research analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Insider Buying and Selling

In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the business's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the transaction, the general counsel now owns 44,865 shares in the company, valued at $7,159,108.05. The trade was a 4.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christopher Scott Edmonds sold 602 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now owns 14,034 shares of the company's stock, valued at approximately $2,284,875.54. This trade represents a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,868 shares of company stock valued at $622,079 over the last three months. 1.10% of the stock is owned by company insiders.

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.