Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI raised its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 53.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,491 shares of the financial services provider’s stock after purchasing an additional 3,982 shares during the period. Citizens Financial Group Inc. RI’s holdings in Intercontinental Exchange were worth $1,846,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parnassus Investments LLC grew its holdings in Intercontinental Exchange by 4.0% in the 3rd quarter. Parnassus Investments LLC now owns 7,838,727 shares of the financial services provider’s stock worth $1,259,213,000 after buying an additional 299,037 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Intercontinental Exchange by 4.5% in the second quarter. Legal & General Group Plc now owns 4,453,286 shares of the financial services provider’s stock worth $609,609,000 after purchasing an additional 191,763 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Intercontinental Exchange by 10.4% during the second quarter. Clearbridge Investments LLC now owns 3,019,195 shares of the financial services provider’s stock valued at $413,298,000 after purchasing an additional 284,664 shares during the period. Raymond James & Associates raised its stake in shares of Intercontinental Exchange by 11.1% during the third quarter. Raymond James & Associates now owns 2,535,785 shares of the financial services provider’s stock valued at $407,348,000 after purchasing an additional 253,324 shares in the last quarter. Finally, AGF Management Ltd. grew its position in Intercontinental Exchange by 11.0% in the 2nd quarter. AGF Management Ltd. now owns 2,208,036 shares of the financial services provider’s stock valued at $302,258,000 after buying an additional 218,516 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ICE. The Goldman Sachs Group boosted their price target on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. TD Cowen initiated coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They issued a “buy” rating and a $182.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Piper Sandler upped their price objective on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Barclays decreased their target price on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $174.13.

Insider Buying and Selling

In other Intercontinental Exchange news, CFO Warren Gardiner sold 750 shares of Intercontinental Exchange stock in a transaction on Monday, September 9th. The shares were sold at an average price of $161.43, for a total transaction of $121,072.50. Following the completion of the sale, the chief financial officer now owns 16,576 shares of the company’s stock, valued at $2,675,863.68. This trade represents a 4.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Judith A. Sprieser sold 1,941 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $160.69, for a total transaction of $311,899.29. Following the completion of the transaction, the director now directly owns 26,908 shares in the company, valued at $4,323,846.52. This trade represents a 6.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,809 shares of company stock worth $933,978. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Trading Up 1.9 %

NYSE ICE opened at $158.70 on Friday. The firm’s 50 day moving average price is $160.68 and its two-hundred day moving average price is $150.72. The stock has a market cap of $91.13 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 2.61 and a beta of 1.08. Intercontinental Exchange, Inc. has a twelve month low of $111.82 and a twelve month high of $167.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the business earned $1.46 EPS. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. Equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Intercontinental Exchange 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.