Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. lifted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 35.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,396 shares of the financial services provider's stock after buying an additional 4,017 shares during the quarter. Tealwood Asset Management Inc.'s holdings in Intercontinental Exchange were worth $2,294,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its position 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 acquiring an additional 3,460,096 shares in the last quarter. FMR LLC increased its holdings in shares of Intercontinental Exchange by 44.1% in the third quarter. FMR LLC now owns 7,846,421 shares of the financial services provider's stock valued at $1,260,449,000 after purchasing an additional 2,401,630 shares during the period. Two Sigma Advisers LP increased its stake in Intercontinental Exchange by 285.9% in the 3rd quarter. Two Sigma Advisers LP now owns 1,756,400 shares of the financial services provider's stock valued at $282,148,000 after buying an additional 1,301,200 shares during the period. Assenagon Asset Management S.A. raised its holdings in Intercontinental Exchange by 426.3% during the third 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 in the last quarter. Finally, Samlyn Capital LLC raised 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 buying an additional 490,671 shares in the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Up 0.9 %

Shares of NYSE ICE traded up $1.24 on Tuesday, hitting $145.13. The company had a trading volume of 3,229,649 shares, compared to its average volume of 3,039,265. 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 12-month low of $124.34 and a 12-month high of $167.99. The firm has a market capitalization of $83.33 billion, a P/E ratio of 34.39, a PEG ratio of 2.57 and a beta of 1.10. The business has a 50 day moving average of $153.88 and a two-hundred day moving average of $155.47.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting analysts' consensus estimates of $1.55. The firm had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. Intercontinental Exchange's quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.46 EPS. As a group, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

ICE has been the topic of several research analyst reports. TD Cowen began coverage on shares of Intercontinental Exchange in a research report on Thursday, September 26th. They set a "buy" rating and a $182.00 target price on the stock. Barclays cut their target price on shares of Intercontinental Exchange from $187.00 to $179.00 and set an "overweight" rating for the company in a research report on Monday. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Bank of America upped their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods decreased their price target on Intercontinental Exchange from $183.00 to $178.00 and set an "outperform" rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $175.20.

Insider Buying and Selling

In other news, President Benjamin Jackson sold 5,828 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the sale, the president now directly owns 156,163 shares in the company, valued at approximately $24,986,080. This represents a 3.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Stuart Glen Williams sold 750 shares of the firm's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the sale, the chief operating officer now owns 12,780 shares in the company, valued at $1,955,212.20. The trade was a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,533 shares of company stock valued at $1,196,279 in the last quarter. Company insiders own 1.10% of the company's stock.

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.