Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,555,615 shares of the financial services provider's stock after purchasing an additional 169,922 shares during the quarter. Geode Capital Management LLC owned about 2.01% of Intercontinental Exchange worth $1,848,868,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

ICE has been the topic of a number of research reports. Morgan Stanley boosted their target price 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 increased their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a research report on Monday, November 11th. Bank of America upped their target price on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Raymond James downgraded Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 price target on the stock. in a report on Monday, October 14th. Finally, StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Intercontinental Exchange has an average rating of "Moderate Buy" and an average target price of $175.07.

Intercontinental Exchange Trading Down 0.1 %

ICE stock traded down $0.21 during mid-day trading on Wednesday, reaching $158.20. 3,249,211 shares of the stock traded hands, compared to its average volume of 2,604,610. The business has a 50-day moving average price of $160.23 and a two-hundred day moving average price of $153.05. The stock has a market capitalization of $90.83 billion, a PE ratio of 37.59, a PEG ratio of 2.58 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. Intercontinental Exchange, Inc. has a one year low of $116.21 and a one year high of $167.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $2.35 billion. During the same quarter in the prior year, the firm posted $1.46 earnings per share. The company's quarterly revenue was up 17.3% on a year-over-year basis. Equities research analysts expect that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 602 shares of Intercontinental Exchange stock in a transaction dated Wednesday, September 18th. The stock was 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 owns 14,034 shares of the company's stock, valued at approximately $2,284,875.54. The trade was a 4.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Stuart Glen Williams sold 468 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $76,195.08. Following the completion of the sale, the chief operating officer now owns 13,530 shares in the company, 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. 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 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.