Vaughan David Investments LLC IL Sells 5,503 Shares of Intercontinental Exchange Inc. $ICE

Vaughan David Investments LLC IL lessened its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 1.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 282,646 shares of the financial services provider’s stock after selling 5,503 shares during the period. Vaughan David Investments LLC IL’s holdings in Intercontinental Exchange were worth $47,620,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Princeton Global Asset Management LLC acquired a new stake in Intercontinental Exchange during the 2nd quarter worth approximately $28,000. Westside Investment Management Inc. bought a new stake in shares of Intercontinental Exchange during the second quarter worth $29,000. Private Wealth Management Group LLC raised its holdings in shares of Intercontinental Exchange by 59.5% during the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 66 shares during the period. Hilltop National Bank acquired a new stake in shares of Intercontinental Exchange during the second quarter worth $31,000. Finally, Knuff & Co LLC lifted its position in Intercontinental Exchange by 73.3% in the 2nd quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 74 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $163.20, for a total value of $261,120.00. Following the sale, the senior vice president owned 24,196 shares in the company, valued at $3,948,787.20. This represents a 6.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $153.08, for a total value of $22,962,000.00. Following the transaction, the chief executive officer owned 1,801,705 shares of the company’s stock, valued at $275,805,001.40. This represents a 7.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 166,068 shares of company stock worth $25,470,702 in the last three months. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ICE shares. Piper Sandler reiterated an “overweight” rating and set a $195.00 target price (down previously from $202.00) on shares of Intercontinental Exchange in a report on Wednesday, January 14th. Barclays set a $182.00 target price on Intercontinental Exchange and gave the company an “overweight” rating in a research report on Thursday, January 8th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $211.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercontinental Exchange in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $193.50.

More Intercontinental Exchange News

Here are the key news stories impacting Intercontinental Exchange this week:

• Positive Sentiment: NYSE/ICE announced it has developed a tokenized-securities platform that would enable 24/7 trading, instant on-chain settlement, dollar-sized and fractional orders, and stablecoin funding — a direct product push into tokenized equities that could create new fee pools and attract global liquidity. Business Wire
• Positive Sentiment: ICE is integrating its Pillar matching engine with blockchain-based post-trade systems (multi-chain custody/settlement). That combination could lower settlement risk, shorten funding cycles and support product innovation (fractionalization, smaller-ticket orders) that expand the addressable market. Reuters
• Positive Sentiment: Market incumbents and institutional players are already pursuing tokenization; ICE’s move could preserve competitive position and enable cross-selling of data, connectivity and custody services — potential medium-term revenue upside beyond traditional trading/clearing. WSJ
• Neutral Sentiment: Wide media coverage (Bloomberg/Barron’s/Cointelegraph/Yahoo) is raising awareness and investor interest, but many pieces are descriptive — the operational and regulatory details that determine timing and scale remain unclear. Yahoo Finance
• Negative Sentiment: The planned platform is explicitly subject to regulatory approval and oversight; approvals, stablecoin acceptance, custody standards and cross?jurisdiction rules are execution risks that could delay or limit the initiative’s revenue impact. Barron’s
• Negative Sentiment: Political and reputational noise: commentary criticizing NYSE expansion choices (e.g., NYSE Dallas plans) highlights potential political pushback and community relations risks that can complicate strategic moves even if they don’t directly affect the tokenization business. Fox Business

Intercontinental Exchange Price Performance

NYSE:ICE opened at $174.20 on Tuesday. The stock has a market capitalization of $99.33 billion, a PE ratio of 31.73, a P/E/G ratio of 2.12 and a beta of 1.03. Intercontinental Exchange Inc. has a 1-year low of $143.17 and a 1-year high of $189.35. The firm has a fifty day simple moving average of $160.31 and a 200 day simple moving average of $167.31. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, meeting analysts’ consensus estimates of $1.71. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the company posted $1.55 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, research analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.