Thrivent Financial for Lutherans Reduces Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Thrivent Financial for Lutherans lessened its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 50.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 817,624 shares of the financial services provider's stock after selling 820,663 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.14% of Intercontinental Exchange worth $131,343,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ICE. Manning & Napier Advisors LLC acquired a new position in Intercontinental Exchange in the second quarter valued at $124,508,000. Janus Henderson Group PLC boosted its stake in Intercontinental Exchange by 589.4% in the first quarter. Janus Henderson Group PLC now owns 804,507 shares of the financial services provider's stock valued at $110,559,000 after acquiring an additional 687,817 shares in the last quarter. James Hambro & Partners acquired a new position in Intercontinental Exchange in the second quarter valued at $93,340,000. Assenagon Asset Management S.A. boosted its stake in Intercontinental Exchange by 426.3% in the third quarter. Assenagon Asset Management S.A. now owns 721,474 shares of the financial services provider's stock valued at $115,898,000 after acquiring an additional 584,400 shares in the last quarter. Finally, Samlyn Capital LLC boosted its stake in Intercontinental Exchange by 142.2% in the second 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 in the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 468 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $76,195.08. Following the completion of the transaction, the chief operating officer now directly owns 13,530 shares of the company's stock, valued at approximately $2,202,819.30. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher Scott Edmonds sold 602 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the transaction, the insider now directly owns 14,034 shares of the company's stock, valued at approximately $2,284,875.54. This trade represents a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,489 shares of company stock worth $1,202,259 over the last 90 days. Company insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Performance

NYSE:ICE traded down $0.92 during mid-day trading on Friday, reaching $155.55. The stock had a trading volume of 2,795,449 shares, compared to its average volume of 3,425,119. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $89.31 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 2.57 and a beta of 1.08. Intercontinental Exchange, Inc. has a twelve month low of $110.64 and a twelve month high of $167.99. The business has a 50 day simple moving average of $160.97 and a 200 day simple moving average of $150.22.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced 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. The firm 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 last year, the firm earned $1.46 earnings per share. On average, analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Raymond James downgraded shares of Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 price objective for the company. in a research note on Monday, October 14th. Morgan Stanley upped their price objective on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Piper Sandler upped their price objective on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. The Goldman Sachs Group increased their target price on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $174.13.

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.