Pathstone Holdings LLC Has $13.20 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Pathstone Holdings LLC lessened its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 11.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,152 shares of the financial services provider's stock after selling 11,056 shares during the period. Pathstone Holdings LLC's holdings in Intercontinental Exchange were worth $13,197,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ICE. EP Wealth Advisors LLC lifted its holdings in shares of Intercontinental Exchange by 4.2% during the 1st quarter. EP Wealth Advisors LLC now owns 6,106 shares of the financial services provider's stock valued at $839,000 after purchasing an additional 248 shares in the last quarter. Capital International Inc. CA lifted its stake in Intercontinental Exchange by 0.8% in the 1st quarter. Capital International Inc. CA now owns 27,904 shares of the financial services provider's stock valued at $3,835,000 after acquiring an additional 215 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Intercontinental Exchange in the 1st quarter valued at approximately $7,033,000. Linscomb Wealth Inc. lifted its stake in Intercontinental Exchange by 7.3% in the 1st quarter. Linscomb Wealth Inc. now owns 1,697 shares of the financial services provider's stock valued at $233,000 after acquiring an additional 115 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in Intercontinental Exchange in the 1st quarter valued at approximately $137,000. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE opened at $155.77 on Thursday. 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 stock's fifty day moving average price is $160.73 and its two-hundred day moving average price is $150.67. Intercontinental Exchange, Inc. has a one year low of $111.82 and a one year high of $167.99. The firm has a market cap of $89.44 billion, a price-to-earnings ratio of 36.91, a P/E/G ratio of 2.61 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $2.35 billion. During the same period in the prior year, the firm posted $1.46 EPS. The company's revenue for the quarter was up 17.3% on a year-over-year basis. On average, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Insider Activity

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 completion of the sale, the general counsel now directly owns 44,865 shares in the company, valued at approximately $7,159,108.05. This represents a 4.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Judith A. Sprieser sold 1,941 shares of the company's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $160.69, for a total value of $311,899.29. Following the sale, the director now owns 26,908 shares of the company's stock, valued at approximately $4,323,846.52. The trade was a 6.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,489 shares of company stock worth $1,202,259. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. The Goldman Sachs Group boosted 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. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Piper Sandler boosted their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price target 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, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $168.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange presently has an average rating of "Moderate Buy" and a consensus target price of $174.13.

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.