Stifel Financial Corp Reduces Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Stifel Financial Corp lessened its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 489,507 shares of the financial services provider's stock after selling 18,745 shares during the quarter. Stifel Financial Corp owned about 0.09% of Intercontinental Exchange worth $78,643,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Janus Henderson Group PLC grew its stake in shares of Intercontinental Exchange by 326.3% during the 3rd quarter. Janus Henderson Group PLC now owns 4,520,639 shares of the financial services provider's stock worth $726,196,000 after purchasing an additional 3,460,096 shares during the period. FMR LLC grew its stake in shares of Intercontinental Exchange by 44.1% during the 3rd quarter. FMR LLC now owns 7,846,421 shares of the financial services provider's stock worth $1,260,449,000 after purchasing an additional 2,401,630 shares during the period. James Hambro & Partners acquired a new stake in shares of Intercontinental Exchange during the 2nd quarter worth approximately $93,340,000. Assenagon Asset Management S.A. grew its stake in shares of Intercontinental Exchange by 426.3% during 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 purchasing an additional 584,400 shares during the period. Finally, Samlyn Capital LLC grew its stake in shares of 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 purchasing an additional 490,671 shares during the period. Institutional investors and hedge funds own 89.30% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ICE. JPMorgan Chase & Co. increased their target price on Intercontinental Exchange from $171.00 to $188.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Morgan Stanley increased 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. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of Intercontinental Exchange in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased 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. Finally, Piper Sandler increased their target price on Intercontinental Exchange from $170.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $174.13.

Intercontinental Exchange Trading Down 0.3 %

Shares of ICE traded down $0.44 during midday trading on Friday, reaching $155.93. The company had a trading volume of 3,274,872 shares, compared to its average volume of 2,696,783. The firm has a 50 day simple moving average of $160.38 and a 200-day simple moving average of $152.63. 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, Inc. has a 1-year low of $111.82 and a 1-year high of $167.99. The stock has a market cap of $89.53 billion, a PE ratio of 36.95, a price-to-earnings-growth ratio of 2.58 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting analysts' consensus estimates of $1.55. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The company's quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the business posted $1.46 EPS. Research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Insider Transactions at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm's stock in a transaction dated 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 directly owns 44,865 shares in the company, valued at approximately $7,159,108.05. This trade represents a 4.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Benjamin Jackson sold 5,828 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the sale, the president now owns 156,163 shares in the company, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,696 shares of company stock worth $1,554,559 in the last three months. 1.10% of the stock is currently 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.