Toronto Dominion Bank Purchases 4,973 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Toronto Dominion Bank grew its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 310,560 shares of the financial services provider's stock after purchasing an additional 4,973 shares during the period. Toronto Dominion Bank owned approximately 0.05% of Intercontinental Exchange worth $49,888,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Diversified Trust Co acquired a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at $214,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Intercontinental Exchange by 6.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 23,287 shares of the financial services provider's stock valued at $3,188,000 after purchasing an additional 1,310 shares during the period. ORG Partners LLC increased its stake in Intercontinental Exchange by 1,652.9% in the 2nd quarter. ORG Partners LLC now owns 596 shares of the financial services provider's stock worth $82,000 after purchasing an additional 562 shares in the last quarter. Swedbank AB increased its stake in Intercontinental Exchange by 5.4% in the 2nd quarter. Swedbank AB now owns 84,942 shares of the financial services provider's stock worth $11,628,000 after purchasing an additional 4,359 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Intercontinental Exchange by 819.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider's stock worth $18,764,000 after buying an additional 122,169 shares during the period. Institutional investors and hedge funds own 89.30% of the company's stock.

Insider Buying and Selling

In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the transaction, the general counsel now directly owns 44,865 shares of the company's stock, valued at $7,159,108.05. This trade represents a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the sale, the president now directly owns 156,163 shares in the company, valued at $24,986,080. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 9,901 shares of company stock valued at $1,582,542. Company insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Down 1.0 %

Shares of ICE stock traded down $1.63 on Thursday, hitting $156.55. The company's stock had a trading volume of 1,919,733 shares, compared to its average volume of 2,602,109. 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 has a market capitalization of $89.89 billion, a price-to-earnings ratio of 37.49, a P/E/G ratio of 2.58 and a beta of 1.08. Intercontinental Exchange, Inc. has a fifty-two week low of $117.49 and a fifty-two week high of $167.99. The firm's fifty day moving average price is $160.18 and its 200-day moving average price is $153.08.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share 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 business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the business earned $1.46 EPS. The firm's revenue was up 17.3% compared to the same quarter last year. Research analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Wall Street Analyst Weigh In

ICE has been the subject of a number of recent analyst reports. Piper Sandler raised their price objective on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Barclays raised their target price on Intercontinental Exchange from $173.00 to $187.00 and gave the stock an "overweight" rating in a research report on Monday. JPMorgan Chase & Co. upped their price target on Intercontinental Exchange from $171.00 to $188.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research report on Friday, November 1st. Finally, Bank of America lifted their target price on Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $175.07.

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.