Virtu Financial LLC Buys Shares of 17,535 Intercontinental Exchange, Inc. (NYSE:ICE)

Virtu Financial LLC bought a new stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 17,535 shares of the financial services provider's stock, valued at approximately $2,817,000.

Several other hedge funds have also bought and sold shares of ICE. M&T Bank Corp lifted its stake in Intercontinental Exchange by 33.2% during the third quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider's stock worth $7,500,000 after purchasing an additional 11,648 shares during the last quarter. TCW Group Inc. raised its holdings in shares of Intercontinental Exchange by 2.3% during the 3rd quarter. TCW Group Inc. now owns 703,244 shares of the financial services provider's stock valued at $112,969,000 after buying an additional 15,953 shares in the last quarter. Soltis Investment Advisors LLC bought a new stake in Intercontinental Exchange in the 3rd quarter worth approximately $233,000. Rehmann Capital Advisory Group boosted its stake in Intercontinental Exchange by 1.9% in the third quarter. Rehmann Capital Advisory Group now owns 6,843 shares of the financial services provider's stock worth $1,101,000 after buying an additional 128 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its position in Intercontinental Exchange by 3.0% during the third quarter. TD Private Client Wealth LLC now owns 17,882 shares of the financial services provider's stock valued at $2,873,000 after acquiring an additional 522 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ICE shares. Piper Sandler lifted their price objective on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Friday, November 1st. TD Cowen assumed coverage on shares of Intercontinental Exchange in a report on Thursday, September 26th. They issued a "buy" rating and a $182.00 target price on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group raised their price target on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $175.07.

Insider Buying and Selling

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Stuart Glen Williams sold 468 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $76,195.08. Following the sale, the chief operating officer now owns 13,530 shares of the company's stock, valued at approximately $2,202,819.30. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,946 shares of company stock worth $1,433,486 over the last 90 days. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Trading Down 1.1 %

ICE traded down $1.68 on Thursday, hitting $156.50. The company had a trading volume of 925,520 shares, compared to its average volume of 2,597,325. The company's fifty day moving average price is $160.18 and its 200 day moving average price is $153.08. Intercontinental Exchange, Inc. has a 1 year low of $117.49 and a 1 year 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 firm has a market cap of $89.86 billion, a P/E ratio of 37.49, a PEG ratio of 2.58 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 earnings per share for the quarter, meeting analysts' consensus estimates of $1.55. The business 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%. The company's revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 earnings per share. As a group, equities analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current 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.