Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 175,987 shares of the financial services provider's stock after purchasing an additional 3,430 shares during the quarter. CIBC Asset Management Inc's holdings in Intercontinental Exchange were worth $28,262,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. New Millennium Group LLC purchased a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at $25,000. International Assets Investment Management LLC acquired a new stake in Intercontinental Exchange during the second quarter worth about $25,000. Fairscale Capital LLC purchased a new position in shares of Intercontinental Exchange in the 2nd quarter worth about $25,000. Wolff Wiese Magana LLC lifted its stake in shares of Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 147 shares in the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter worth about $26,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ICE shares. Morgan Stanley lifted their price target on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft upped their price target 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. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $168.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price objective on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Finally, Piper Sandler increased their target price on Intercontinental Exchange from $170.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange has a consensus rating of "Moderate Buy" and a consensus target price of $174.13.

Insiders Place Their Bets

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 602 shares of the 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 directly owns 14,034 shares of the company's stock, valued at approximately $2,284,875.54. This represents a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stuart Glen Williams sold 468 shares of Intercontinental Exchange stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $76,195.08. Following the completion of the transaction, the chief operating officer now directly owns 13,530 shares of the company's stock, valued at $2,202,819.30. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,489 shares of company stock valued at $1,202,259 in the last quarter. Insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Down 0.6 %

NYSE ICE traded down $0.92 during trading hours on Friday, reaching $155.55. 2,795,449 shares of the company traded hands, compared to its average volume of 2,569,783. The stock has a market capitalization of $89.31 billion, a PE ratio of 36.86, a PEG ratio of 2.57 and a beta of 1.08. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a 12 month low of $110.64 and a 12 month high of $167.99. The company has a 50 day moving average of $160.97 and a two-hundred day moving average of $149.92.

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

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.