Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 48.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,806 shares of the financial services provider's stock after buying an additional 4,525 shares during the period. Coldstream Capital Management Inc.'s holdings in Intercontinental Exchange were worth $2,198,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Quintet Private Bank Europe S.A. boosted its holdings in Intercontinental Exchange by 13.8% in the third quarter. Quintet Private Bank Europe S.A. now owns 511 shares of the financial services provider's stock worth $82,000 after acquiring an additional 62 shares in the last quarter. Raleigh Capital Management Inc. raised its position in shares of Intercontinental Exchange by 26.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 302 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 63 shares during the last quarter. Integrated Advisors Network LLC boosted its stake in Intercontinental Exchange by 4.0% in the 3rd quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider's stock worth $275,000 after purchasing an additional 66 shares in the last quarter. American National Bank grew its position in Intercontinental Exchange by 13.8% during the 2nd quarter. American National Bank now owns 569 shares of the financial services provider's stock worth $78,000 after purchasing an additional 69 shares during the last quarter. Finally, Catalyst Capital Advisors LLC increased its stake in Intercontinental Exchange by 6.2% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,197 shares of the financial services provider's stock valued at $192,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insiders Place Their Bets

In related news, President Benjamin Jackson sold 5,828 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the sale, the president now directly owns 156,163 shares of the company's stock, valued at approximately $24,986,080. This trade represents a 3.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher Scott Edmonds sold 602 shares of the business'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 directly owns 14,034 shares in the company, valued at $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. Over the last 90 days, insiders have sold 8,946 shares of company stock valued at $1,433,486. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Barclays increased their price objective on Intercontinental Exchange from $173.00 to $187.00 and gave the company an "overweight" rating in a report on Monday. 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 report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft raised 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. Finally, TD Cowen started coverage on shares of Intercontinental Exchange in a report on Thursday, September 26th. They issued a "buy" rating and a $182.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $175.07.

Intercontinental Exchange Price Performance

NYSE:ICE traded down $0.50 during trading hours on Wednesday, hitting $157.91. 1,325,853 shares of the stock were exchanged, compared to its average volume of 2,596,368. The firm's fifty day moving average price is $160.23 and its 200 day moving average price is $153.05. Intercontinental Exchange, Inc. has a 52-week low of $116.21 and a 52-week high of $167.99. The company has a market cap of $90.67 billion, a P/E ratio of 37.59, a P/E/G ratio of 2.58 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 (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 firm had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm's revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.46 earnings per share. As a group, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal 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.