Leonteq Securities AG Purchases Shares of 8,009 Intercontinental Exchange Inc. $ICE

Leonteq Securities AG purchased a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,009 shares of the financial services provider’s stock, valued at approximately $1,297,000.

Other large investors have also made changes to their positions in the company. Ares Financial Consulting LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter valued at approximately $25,000. Holos Integrated Wealth LLC purchased a new position in Intercontinental Exchange in the 4th quarter worth approximately $28,000. Steph & Co. lifted its holdings in Intercontinental Exchange by 104.7% in the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 89 shares in the last quarter. Dorato Capital Management purchased a new position in Intercontinental Exchange in the 4th quarter worth approximately $29,000. Finally, Caitlin John LLC purchased a new position in Intercontinental Exchange in the 3rd quarter worth approximately $32,000. 89.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ICE has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a report on Friday, March 6th. Piper Sandler reissued an “overweight” rating and issued a $211.00 price target (up from $195.00) on shares of Intercontinental Exchange in a report on Wednesday, April 15th. Keefe, Bruyette & Woods initiated coverage on Intercontinental Exchange in a report on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 price target on the stock. Barclays reissued an “overweight” rating and issued a $201.00 price target (up from $198.00) on shares of Intercontinental Exchange in a report on Friday, May 1st. Finally, Weiss Ratings cut Intercontinental Exchange from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Intercontinental Exchange currently has an average rating of “Buy” and a consensus price target of $194.60.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $151.35 on Friday. The stock’s fifty day moving average is $158.41 and its 200 day moving average is $160.02. Intercontinental Exchange Inc. has a fifty-two week low of $143.17 and a fifty-two week high of $189.35. The firm has a market capitalization of $85.59 billion, a PE ratio of 22.03, a PEG ratio of 1.40 and a beta of 0.96. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.12. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the prior year, the firm posted $1.72 EPS. Intercontinental Exchange’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Intercontinental Exchange Inc. will post 8.16 earnings per share for the current year.

Insider Activity at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 4,571 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $162.00, for a total transaction of $740,502.00. Following the sale, the general counsel owned 48,181 shares in the company, valued at approximately $7,805,322. This represents a 8.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Warren Gardiner sold 2,490 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $156.64, for a total value of $390,033.60. Following the sale, the chief financial officer owned 25,189 shares in the company, valued at $3,945,604.96. The trade was a 9.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 11,332 shares of company stock worth $1,794,334. Company insiders own 0.84% of the company’s stock.

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.