Northwest & Ethical Investments L.P. Grows Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Northwest & Ethical Investments L.P. increased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 6.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,557 shares of the financial services provider’s stock after acquiring an additional 200 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Intercontinental Exchange were worth $572,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ICE. Swedbank AB acquired a new stake in shares of Intercontinental Exchange during the 1st quarter worth about $11,075,000. Cetera Investment Advisers increased its position in shares of Intercontinental Exchange by 230.2% during the first quarter. Cetera Investment Advisers now owns 61,896 shares of the financial services provider’s stock valued at $8,506,000 after acquiring an additional 43,149 shares during the last quarter. Cetera Advisors LLC raised its stake in shares of Intercontinental Exchange by 68.9% in the 1st quarter. Cetera Advisors LLC now owns 18,045 shares of the financial services provider’s stock valued at $2,480,000 after acquiring an additional 7,358 shares during the period. GAMMA Investing LLC lifted its stake in Intercontinental Exchange by 57.0% during the second quarter. GAMMA Investing LLC now owns 6,173 shares of the financial services provider’s stock worth $845,000 after purchasing an additional 2,240 shares in the last quarter. Finally, Boston Common Asset Management LLC purchased a new position in shares of Intercontinental Exchange during the second quarter worth $2,101,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Ratings Changes

ICE has been the topic of several research reports. Piper Sandler increased their target price on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price objective 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. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Friday, November 1st. Finally, Barclays dropped their target price on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $174.13.

Insider Activity at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the transaction, the general counsel now directly owns 44,865 shares in the company, valued at $7,159,108.05. The trade was a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the transaction, the president now directly owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,696 shares of company stock worth $1,554,559 in the last quarter. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Trading Down 0.1 %

Intercontinental Exchange stock opened at $160.96 on Friday. The company has a market cap of $92.42 billion, a P/E ratio of 38.14, a PEG ratio of 2.66 and a beta of 1.08. The firm’s 50-day moving average is $160.62 and its 200-day moving average is $151.97. Intercontinental Exchange, Inc. has a 1 year low of $111.82 and a 1 year 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 posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting the consensus estimate of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the company posted $1.46 earnings per share. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, 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.