Citizens Financial Group Inc. RI Acquires 3,982 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Citizens Financial Group Inc. RI raised its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 53.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,491 shares of the financial services provider's stock after acquiring an additional 3,982 shares during the period. Citizens Financial Group Inc. RI's holdings in Intercontinental Exchange were worth $1,846,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Moors & Cabot Inc. raised its holdings in Intercontinental Exchange by 14.6% in the 3rd quarter. Moors & Cabot Inc. now owns 12,893 shares of the financial services provider's stock valued at $2,071,000 after acquiring an additional 1,638 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Intercontinental Exchange by 6.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,406 shares of the financial services provider's stock valued at $708,000 after purchasing an additional 254 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Intercontinental Exchange by 145.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,996 shares of the financial services provider's stock valued at $41,926,000 after purchasing an additional 154,816 shares during the period. Kirtland Hills Capital Management LLC grew its stake in shares of Intercontinental Exchange by 1.5% in the 3rd quarter. Kirtland Hills Capital Management LLC now owns 14,112 shares of the financial services provider's stock valued at $2,267,000 after purchasing an additional 213 shares during the period. Finally, Commerce Bank grew its stake in shares of Intercontinental Exchange by 1.3% in the 3rd quarter. Commerce Bank now owns 23,970 shares of the financial services provider's stock valued at $3,851,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 89.30% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ICE shares. Bank of America upped their price objective on Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Morgan Stanley upped their price objective on Intercontinental Exchange from $160.00 to $174.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. increased their price target on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and set a $168.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $174.13.

Intercontinental Exchange Trading Up 0.6 %

ICE traded up $0.94 during mid-day trading on Friday, reaching $159.29. The stock had a trading volume of 2,078,258 shares, compared to its average volume of 2,571,698. The stock has a market capitalization of $91.46 billion, a P/E ratio of 37.61, a P/E/G 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. The firm's fifty day simple moving average is $160.68 and its two-hundred day simple moving average is $150.72. Intercontinental Exchange, Inc. has a 52 week low of $111.82 and a 52 week high of $167.99.

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

Insider Buying and Selling

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the stock in a transaction dated Thursday, September 26th. The stock was 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 approximately $7,159,108.05. This represents a 4.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Stuart Glen Williams sold 468 shares of the firm's stock in a transaction dated Wednesday, September 18th. The shares were 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 owns 13,530 shares of the company's stock, valued at $2,202,819.30. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,809 shares of company stock valued at $933,978. 1.10% of the stock is owned by company 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.