Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Caprock Group LLC

Caprock Group LLC grew its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 99.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,001 shares of the financial services provider's stock after purchasing an additional 6,970 shares during the period. Caprock Group LLC's holdings in Intercontinental Exchange were worth $2,249,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legal & General Group Plc raised its holdings in shares of Intercontinental Exchange by 4.5% in the second quarter. Legal & General Group Plc now owns 4,453,286 shares of the financial services provider's stock worth $609,609,000 after buying an additional 191,763 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Intercontinental Exchange by 10.4% during the second quarter. Clearbridge Investments LLC now owns 3,019,195 shares of the financial services provider's stock valued at $413,298,000 after purchasing an additional 284,664 shares during the period. Raymond James & Associates grew its holdings in shares of Intercontinental Exchange by 11.1% in the third quarter. Raymond James & Associates now owns 2,535,785 shares of the financial services provider's stock worth $407,348,000 after purchasing an additional 253,324 shares during the last quarter. AGF Management Ltd. increased its stake in Intercontinental Exchange by 11.0% in the 2nd quarter. AGF Management Ltd. now owns 2,208,036 shares of the financial services provider's stock worth $302,258,000 after buying an additional 218,516 shares during the period. Finally, Marshall Wace LLP boosted its position in Intercontinental Exchange by 14.8% in the 2nd quarter. Marshall Wace LLP now owns 2,117,501 shares of the financial services provider's stock valued at $289,865,000 after buying an additional 273,003 shares during the period. Hedge funds and other institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Performance

NYSE ICE traded down $2.16 during mid-day trading on Wednesday, reaching $155.77. 1,810,468 shares of the stock were exchanged, compared to its average volume of 2,574,133. The company has a market capitalization of $89.44 billion, a P/E ratio of 37.42, a P/E/G ratio of 2.57 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The business's 50 day moving average is $160.81 and its 200-day moving average is $150.63. Intercontinental Exchange, Inc. has a 1 year low of $111.82 and a 1 year high of $167.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting the consensus estimate of $1.55. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. Intercontinental Exchange's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.46 EPS. On average, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ICE shares. 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. The Goldman Sachs Group upped their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a report on Monday, November 11th. Raymond James lowered 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 report on Monday, October 14th. Finally, JPMorgan Chase & Co. upped their target price on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $174.13.

Insider Activity

In related news, COO Stuart Glen Williams sold 468 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 13,530 shares in the company, valued at approximately $2,202,819.30. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 transaction, the insider now directly 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 7,489 shares of company stock worth $1,202,259 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

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.