Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 0.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,142,092 shares of the financial services provider's stock after purchasing an additional 21,615 shares during the period. Charles Schwab Investment Management Inc. owned 0.55% of Intercontinental Exchange worth $504,746,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. New Millennium Group LLC purchased a new stake in Intercontinental Exchange in the 2nd quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new position in shares of Intercontinental Exchange in the second quarter worth $25,000. Fairscale Capital LLC purchased a new stake in shares of Intercontinental Exchange in the second quarter valued at $25,000. Wolff Wiese Magana LLC boosted its stake in shares of 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 valued at $25,000 after acquiring an additional 147 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in Intercontinental Exchange during the 3rd quarter worth about $26,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 602 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $98,011.62. Following the completion of the sale, the insider now owns 14,034 shares of the company's stock, valued at $2,284,875.54. This trade represents a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the business's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total transaction of $326,799.36. Following the transaction, the general counsel now directly owns 44,865 shares in the company, valued at approximately $7,159,108.05. The trade was a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,809 shares of company stock valued at $933,978 over the last three months. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ICE has been the topic of a number of recent research reports. Bank of America upped their target price on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft raised their target price 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. Morgan Stanley boosted their price target on Intercontinental Exchange from $160.00 to $174.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. JPMorgan Chase & Co. raised their price objective on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Finally, Barclays dropped their target price on Intercontinental Exchange from $179.00 to $173.00 and set an "overweight" rating for the company in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $174.13.

Intercontinental Exchange Trading Up 0.4 %

ICE traded up $0.63 on Friday, reaching $158.98. 647,341 shares of the company's stock were exchanged, compared to its average volume of 2,565,264. The company has a market cap of $91.28 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 2.61 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. Intercontinental Exchange, Inc. has a twelve month low of $111.82 and a twelve month high of $167.99. The company's 50 day moving average is $160.68 and its 200-day moving average is $150.72.

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