MML Investors Services LLC Buys 5,224 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

MML Investors Services LLC increased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 10.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,673 shares of the financial services provider's stock after buying an additional 5,224 shares during the quarter. MML Investors Services LLC's holdings in Intercontinental Exchange were worth $8,783,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Intercontinental Exchange by 819.7% in the second quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider's stock worth $18,764,000 after buying an additional 122,169 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Intercontinental Exchange by 312.4% in the second quarter. Blue Trust Inc. now owns 5,180 shares of the financial services provider's stock worth $712,000 after buying an additional 3,924 shares during the last quarter. GDS Wealth Management lifted its holdings in Intercontinental Exchange by 5.3% during the third quarter. GDS Wealth Management now owns 103,412 shares of the financial services provider's stock valued at $16,612,000 after purchasing an additional 5,226 shares in the last quarter. Main Management ETF Advisors LLC purchased a new position in Intercontinental Exchange during the third quarter valued at approximately $873,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Intercontinental Exchange by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,142,092 shares of the financial services provider's stock valued at $504,746,000 after purchasing an additional 21,615 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Price Performance

ICE traded down $1.63 during trading hours on Thursday, hitting $156.55. The company's stock had a trading volume of 1,919,733 shares, compared to its average volume of 2,601,756. The business's 50-day moving average price is $160.18 and its 200-day moving average price is $153.08. Intercontinental Exchange, Inc. has a 12 month low of $117.49 and a 12 month high of $167.99. The stock has a market cap of $89.89 billion, a price-to-earnings ratio of 37.49, 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 announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting the consensus estimate of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.35 billion. During the same quarter in the previous year, the business posted $1.46 earnings per share. Intercontinental Exchange's quarterly revenue was up 17.3% on a year-over-year basis. Sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ICE. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of Intercontinental Exchange in a report on Friday, November 1st. TD Cowen began coverage on shares of Intercontinental Exchange in a report on Thursday, September 26th. They set a "buy" rating and a $182.00 price target on the stock. 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 report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lifted 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. Finally, StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $175.07.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the transaction, the president now owns 156,163 shares in the company, valued at $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher Scott Edmonds sold 602 shares of the business's 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 transaction, the insider now owns 14,034 shares in the company, valued at $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 8,946 shares of company stock worth $1,433,486 over the last quarter. Insiders own 1.10% of the company's stock.

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.