National Bank of Canada FI Sells 224,271 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

National Bank of Canada FI trimmed its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 42.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 307,651 shares of the financial services provider's stock after selling 224,271 shares during the period. National Bank of Canada FI owned 0.05% of Intercontinental Exchange worth $49,421,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC grew its position in shares of Intercontinental Exchange by 1,470.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider's stock valued at $25,000 after buying an additional 147 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Intercontinental Exchange in the third quarter valued at approximately $26,000. Financial Management Professionals Inc. raised its position in shares of Intercontinental Exchange by 106.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock worth $27,000 after purchasing an additional 87 shares during the period. Fairscale Capital LLC bought a new stake in shares of Intercontinental Exchange in the 2nd quarter worth approximately $25,000. Finally, Capital Performance Advisors LLP acquired a new position in Intercontinental Exchange during the 3rd quarter valued at approximately $29,000. 89.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 602 shares of the company's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $98,011.62. Following the transaction, the insider now directly owns 14,034 shares of the company's stock, valued at $2,284,875.54. This represents a 4.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Stuart Glen Williams sold 468 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, September 18th. The shares were 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 of the company's stock, valued at $2,202,819.30. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,946 shares of company stock valued at $1,433,486 in the last three months. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Trading Up 0.1 %

Shares of NYSE ICE traded up $0.13 during mid-day trading on Monday, hitting $156.07. 3,750,279 shares of the company traded hands, compared to its average volume of 2,598,068. The business has a 50 day moving average of $160.29 and a two-hundred day moving average of $152.89. The stock has a market capitalization of $89.61 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 2.58 and a beta of 1.08. Intercontinental Exchange, Inc. has a 1 year low of $113.87 and a 1 year high of $167.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group raised their target price on Intercontinental Exchange from $171.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Piper Sandler boosted their target price on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Raymond James lowered shares of Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 price target on the stock. in a research note on Monday, October 14th. JPMorgan Chase & Co. boosted their price objective 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, StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Thursday. Three investment 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $175.07.

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.