Commerzbank Aktiengesellschaft FI Acquires 6,282 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Commerzbank Aktiengesellschaft FI boosted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 221.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,119 shares of the financial services provider’s stock after purchasing an additional 6,282 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Intercontinental Exchange were worth $1,465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lecap Asset Management Ltd. bought a new position in shares of Intercontinental Exchange during the 3rd quarter valued at approximately $932,000. Weaver Capital Management LLC boosted its position in shares of Intercontinental Exchange by 18.6% during the 3rd quarter. Weaver Capital Management LLC now owns 4,770 shares of the financial services provider’s stock valued at $766,000 after acquiring an additional 749 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Intercontinental Exchange by 4.2% during the 3rd quarter. Private Advisor Group LLC now owns 30,616 shares of the financial services provider’s stock valued at $4,918,000 after acquiring an additional 1,235 shares during the last quarter. Segment Wealth Management LLC boosted its position in shares of Intercontinental Exchange by 0.9% during the 3rd quarter. Segment Wealth Management LLC now owns 49,475 shares of the financial services provider’s stock valued at $7,948,000 after acquiring an additional 432 shares during the last quarter. Finally, Pictet North America Advisors SA boosted its position in shares of Intercontinental Exchange by 14.1% during the 3rd quarter. Pictet North America Advisors SA now owns 7,313 shares of the financial services provider’s stock valued at $1,175,000 after acquiring an additional 902 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO James W. Namkung sold 1,171 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $160.00, for a total transaction of $187,360.00. Following the transaction, the chief accounting officer now owns 16,665 shares in the company, valued at approximately $2,666,400. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Intercontinental Exchange news, Director Martha A. Tirinnanzi sold 509 shares of Intercontinental Exchange stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $158.98, for a total value of $80,920.82. Following the transaction, the director now owns 3,958 shares in the company, valued at $629,242.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO James W. Namkung sold 1,171 shares of Intercontinental Exchange stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $160.00, for a total value of $187,360.00. Following the completion of the transaction, the chief accounting officer now owns 16,665 shares in the company, valued at $2,666,400. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,489 shares of company stock worth $1,202,259. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

ICE stock opened at $165.00 on Thursday. The firm has a market cap of $94.64 billion, a price-to-earnings ratio of 37.84, a PEG ratio of 2.62 and a beta of 1.08. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. Intercontinental Exchange, Inc. has a twelve month low of $104.49 and a twelve month high of $167.23. The business’s fifty day simple moving average is $161.21 and its two-hundred day simple moving average is $146.86.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.49 by $0.03. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 earnings per share. Analysts predict that Intercontinental Exchange, Inc. will post 6.08 earnings per share for the current year.

Analyst Ratings Changes

ICE has been the subject of a number of research reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $168.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Raymond James downgraded Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target for the company. in a research report on Monday, October 14th. TD Cowen assumed coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They issued a “buy” rating and a $182.00 price target for the company. Deutsche Bank Aktiengesellschaft raised their price target on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Finally, Piper Sandler raised their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.93.

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.