PNC Financial Services Group Inc. Has $29.52 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

PNC Financial Services Group Inc. grew its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 183,752 shares of the financial services provider's stock after buying an additional 7,868 shares during the period. PNC Financial Services Group Inc.'s holdings in Intercontinental Exchange were worth $29,518,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ICE. Deutsche Bank Aktiengesellschaft upped their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a research report on Monday, November 11th. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research report on Friday, November 1st. 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 research report on Thursday, October 17th. Barclays lowered their price target on shares of Intercontinental Exchange from $179.00 to $173.00 and set an "overweight" rating on the stock in a research report on Friday, November 1st. Finally, Bank of America lifted their price objective 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. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $174.13.

Insider Activity

In other Intercontinental Exchange news, CAO James W. Namkung sold 1,171 shares of the business's stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 16,665 shares of the company's stock, valued at $2,666,400. The trade was a 6.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the transaction, the general counsel now owns 44,865 shares of the company's stock, valued at approximately $7,159,108.05. This trade represents a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,489 shares of company stock worth $1,202,259. Insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Down 1.4 %

Shares of NYSE ICE opened at $155.77 on Thursday. The stock has a 50-day moving average price of $160.73 and a two-hundred day moving average price of $150.67. Intercontinental Exchange, Inc. has a 12 month low of $111.82 and a 12 month high of $167.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The company has a market cap of $89.44 billion, a price-to-earnings ratio of 36.91, a PEG 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 the consensus estimate of $1.55. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The firm's revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.46 EPS. As a group, analysts forecast that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

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.