Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC increased its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 35.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,732 shares of the financial services provider's stock after purchasing an additional 15,509 shares during the quarter. Mizuho Securities USA LLC's holdings in Intercontinental Exchange were worth $9,595,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Manning & Napier Advisors LLC purchased a new stake in Intercontinental Exchange in the 2nd quarter worth $124,508,000. Janus Henderson Group PLC boosted its position in Intercontinental Exchange by 589.4% in the 1st quarter. Janus Henderson Group PLC now owns 804,507 shares of the financial services provider's stock valued at $110,559,000 after buying an additional 687,817 shares during the period. James Hambro & Partners bought a new position in Intercontinental Exchange in the second quarter worth approximately $93,340,000. Assenagon Asset Management S.A. lifted its holdings in shares of Intercontinental Exchange by 426.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 721,474 shares of the financial services provider's stock worth $115,898,000 after buying an additional 584,400 shares during the period. Finally, Samlyn Capital LLC grew its holdings in Intercontinental Exchange by 142.2% during the 2nd quarter. Samlyn Capital LLC now owns 835,654 shares of the financial services provider's stock worth $114,393,000 after acquiring an additional 490,671 shares in the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Trading Down 0.6 %

Shares of ICE stock traded down $0.92 during trading on Friday, hitting $155.55. 2,795,449 shares of the stock traded hands, compared to its average volume of 3,425,119. The firm's fifty day moving average price is $160.97 and its 200-day moving average price is $150.07. Intercontinental Exchange, Inc. has a 52-week low of $110.64 and a 52-week high of $167.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $89.31 billion, a P/E ratio of 36.86, a price-to-earnings-growth ratio of 2.57 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) 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 business 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 company earned $1.46 earnings per share. The business's quarterly revenue was up 17.3% on a year-over-year basis. As a group, research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ICE has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their target price 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. TD Cowen assumed coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They set a "buy" rating and a $182.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on Intercontinental Exchange from $171.00 to $188.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $168.00 target price on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Finally, Morgan Stanley raised their price objective on Intercontinental Exchange from $160.00 to $174.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Intercontinental Exchange has an average rating of "Moderate Buy" and an average target price of $174.13.

Insiders Place Their Bets

In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the business's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the sale, the general counsel now directly owns 44,865 shares of the company's stock, valued at $7,159,108.05. The trade was a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO James W. Namkung sold 1,171 shares of Intercontinental Exchange stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $160.00, for a total transaction of $187,360.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,665 shares in the company, valued at $2,666,400. The trade was a 6.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,489 shares of company stock worth $1,202,259 in the last quarter. 1.10% of the stock is owned by company insiders.

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.