Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Eastern Bank

Eastern Bank raised its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 5,659.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,610 shares of the financial services provider's stock after acquiring an additional 88,054 shares during the quarter. Eastern Bank's holdings in Intercontinental Exchange were worth $14,395,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Intercontinental Exchange by 7.5% during the first quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider's stock worth $6,978,218,000 after buying an additional 3,536,913 shares in the last quarter. CCLA Investment Management grew its position in shares of Intercontinental Exchange by 91,838.2% during the 1st quarter. CCLA Investment Management now owns 1,114,291 shares of the financial services provider's stock valued at $152,923,000 after acquiring an additional 1,113,079 shares during the period. Manning & Napier Advisors LLC acquired a new position in Intercontinental Exchange in the 2nd quarter worth about $124,508,000. Janus Henderson Group PLC boosted its position in Intercontinental Exchange by 589.4% during the first quarter. Janus Henderson Group PLC now owns 804,507 shares of the financial services provider's stock worth $110,559,000 after purchasing an additional 687,817 shares in the last quarter. Finally, James Hambro & Partners acquired a new stake in Intercontinental Exchange in the second quarter valued at approximately $93,340,000. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insider Activity at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the company's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total transaction of $326,799.36. Following the sale, the general counsel now owns 44,865 shares of the company's stock, valued at approximately $7,159,108.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Christopher Scott Edmonds sold 602 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 value of $98,011.62. Following the transaction, the insider now owns 14,034 shares of the company's stock, valued at $2,284,875.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the sale, the general counsel now directly owns 44,865 shares of the company's stock, valued at $7,159,108.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,532 shares of company stock worth $1,358,709. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Trading Down 0.2 %

NYSE:ICE traded down $0.40 on Tuesday, hitting $165.94. The stock had a trading volume of 1,881,351 shares, compared to its average volume of 2,480,168. The company has a fifty day moving average price of $160.80 and a two-hundred day moving average price of $146.53. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $167.23. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The stock has a market cap of $95.18 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 2.62 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.03. The firm had revenue of $2.32 billion for the quarter, compared to analysts' expectations of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The firm's quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 earnings per share. Equities research analysts expect that Intercontinental Exchange, Inc. will post 6.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $168.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. Raymond James cut shares of Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 target price for the company. in a research note on Monday, October 14th. Barclays upped their price target on shares of Intercontinental Exchange from $167.00 to $179.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. JPMorgan Chase & Co. boosted their price objective on Intercontinental Exchange from $151.00 to $171.00 and gave the stock an "overweight" rating in a research note on Monday, September 16th. Finally, Morgan Stanley raised their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $172.80.

About Intercontinental Exchange

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.