Candriam S.C.A. Purchases 156,639 Shares of Intercontinental Exchange Inc. $ICE

Candriam S.C.A. boosted its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 42.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 526,931 shares of the financial services provider’s stock after buying an additional 156,639 shares during the quarter. Candriam S.C.A.’s holdings in Intercontinental Exchange were worth $80,402,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in Intercontinental Exchange during the second quarter valued at $6,245,085,000. State Street Corp boosted its holdings in Intercontinental Exchange by 1.6% in the second quarter. State Street Corp now owns 25,966,680 shares of the financial services provider’s stock worth $3,196,758,000 after purchasing an additional 415,490 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Intercontinental Exchange by 16.1% during the 2nd quarter. Wellington Management Group LLP now owns 11,812,273 shares of the financial services provider’s stock valued at $1,454,209,000 after acquiring an additional 1,634,385 shares during the last quarter. Amundi grew its holdings in Intercontinental Exchange by 49.6% during the first quarter. Amundi now owns 4,997,079 shares of the financial services provider’s stock valued at $785,941,000 after purchasing an additional 1,656,220 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Intercontinental Exchange in the second quarter worth $714,869,000. Institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ICE. Barclays boosted their price objective on shares of Intercontinental Exchange from $189.00 to $194.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Piper Sandler reiterated an “overweight” rating and issued a $195.00 target price (up from $190.00) on shares of Intercontinental Exchange in a research note on Friday, October 2nd. Wall Street Zen raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, October 10th. Jefferies Financial Group lowered their price target on Intercontinental Exchange from $189.00 to $185.00 in a research note on Wednesday, October 7th. Finally, Wells Fargo & Company upped their price target on Intercontinental Exchange from $160.00 to $167.00 and gave the company an “underweight” rating in a report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average price target of $189.25.

Insider Activity at Intercontinental Exchange

In other news, CAO James Namkung sold 3,777 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $175.00, for a total value of $660,975.00. Following the sale, the chief accounting officer owned 10,325 shares in the company, valued at approximately $1,806,875. The trade was a 26.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Andrew Surdykowski sold 4,574 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $161.77, for a total transaction of $739,935.98. Following the completion of the sale, the general counsel owned 43,065 shares in the company, valued at $6,966,625.05. This represents a 9.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 49,737 shares of company stock valued at $8,138,975. Insiders own 0.84% of the company’s stock.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $172.28 on Friday. The business has a 50 day simple moving average of $158.67 and a 200 day simple moving average of $154.64. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $96.28 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 1.52 and a beta of 0.84. Intercontinental Exchange Inc. has a one year low of $121.79 and a one year high of $177.94.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 29th. The financial services provider reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.05. Intercontinental Exchange had a return on equity of 15.32% and a net margin of 29.62%. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the prior year, the business posted $1.71 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. On average, sell-side analysts forecast that Intercontinental Exchange Inc. will post 8.21 EPS for the current fiscal year.

Intercontinental Exchange News Summary

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

• Positive Sentiment: ICE is backing a U.S. perpetual-futures market built on Hyperliquid infrastructure, a potential expansion of its digital-asset offerings. ICE backs US perpetual futures market built on Hyperliquid infrastructure
• Positive Sentiment: Twenty-four ETFs added ICE shares on Nov. 3, suggesting added demand from fund portfolios. 24 ETFs Add to Intercontinental Exchange on Nov. 3
• Positive Sentiment: An analyst valuation assessment put ICE’s fair value slightly higher, while also considering growth prospects and risks. Intercontinental Exchange Stock Fair Value Edges Higher As Analysts Weigh Growth And Risks
• Neutral Sentiment: ICE recently reached a record high, reflecting strong share-price momentum, though the milestone itself does not establish a new fundamental catalyst. Intercontinental Exchange Reaches a Fresh All-Time High
• Neutral Sentiment: CFO Warren Gardiner is scheduled to present at the J.P. Morgan Ultimate Services Investor Conference on Nov. 17; no new financial guidance is noted. CFO Warren Gardiner to Present at Investor Conference
• Negative Sentiment: Apple, Amazon and Tesla reportedly oppose participation in an NYSE-parent-backed blockchain stock venue, raising questions about adoption of ICE’s tokenized-equities initiative. Can Companies Stop Their Shares From Being Tokenized?
• Negative Sentiment: Several ICE executives reported share sales totaling about $2.35 million, including President Benjamin Jackson and Chief Accounting Officer James Namkung. The sales may weigh on sentiment, although executives retained substantial holdings; insider sales alone do not establish a negative outlook. SEC insider transaction filing

Intercontinental Exchange Profile

Intercontinental Exchange, Inc (NYSE: ICE) operates exchanges, clearing houses and technology businesses serving financial and commodity markets. Its platforms support the trading and clearing of futures, options and other products across areas such as energy, agriculture, interest rates and equities. The company also provides market data, analytics and connectivity services to financial institutions and other market participants.

Intercontinental Exchange owns the New York Stock Exchange and operates exchanges and clearing houses in multiple markets around the world.