Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. reduced its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 25.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,038 shares of the financial services provider's stock after selling 29,264 shares during the period. Cibc World Market Inc.'s holdings in Intercontinental Exchange were worth $12,672,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ICE. Crews Bank & Trust acquired a new position in shares of Intercontinental Exchange during the 4th quarter valued at about $2,675,000. Busey Bank grew its holdings in Intercontinental Exchange by 4.0% in the 4th quarter. Busey Bank now owns 2,965 shares of the financial services provider's stock valued at $442,000 after buying an additional 113 shares during the last quarter. Synergy Asset Management LLC grew its holdings in Intercontinental Exchange by 331.1% in the 4th quarter. Synergy Asset Management LLC now owns 9,968 shares of the financial services provider's stock valued at $1,515,000 after buying an additional 7,656 shares during the last quarter. Hanson & Doremus Investment Management acquired a new stake in Intercontinental Exchange in the 4th quarter valued at approximately $55,000. Finally, Invesco LLC grew its holdings in Intercontinental Exchange by 22.5% in the 4th quarter. Invesco LLC now owns 10,893 shares of the financial services provider's stock valued at $1,623,000 after buying an additional 2,001 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intercontinental Exchange

In related news, President Benjamin Jackson sold 5,828 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the sale, the president now owns 156,163 shares of the company's stock, valued at $24,986,080. This trade represents a 3.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the transaction, the chief technology officer now directly owns 66,548 shares in the company, valued at $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,795 shares of company stock worth $2,120,572. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ICE shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Piper Sandler raised their target price on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Raymond James downgraded Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 price objective for the company. in a research report on Monday, October 14th. Barclays cut their price objective on Intercontinental Exchange from $187.00 to $179.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. Finally, StockNews.com cut Intercontinental Exchange from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Intercontinental Exchange has an average rating of "Moderate Buy" and a consensus target price of $175.27.

Intercontinental Exchange Stock Up 0.2 %

Shares of Intercontinental Exchange stock traded up $0.38 during trading on Friday, reaching $159.82. The stock had a trading volume of 2,624,045 shares, compared to its average volume of 2,960,229. The company has a market capitalization of $91.77 billion, a price-to-earnings ratio of 37.87, a P/E/G ratio of 3.01 and a beta of 1.10. The stock has a fifty day moving average price of $153.12 and a two-hundred day moving average price of $156.49. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $167.99. 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, meeting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.35 billion. During the same period in the prior year, the firm posted $1.46 earnings per share. The business's quarterly revenue was up 17.3% compared to the same quarter last year. Sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.05 EPS for the current fiscal year.

Intercontinental Exchange 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.