Empowered Funds LLC Has $1.74 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Empowered Funds LLC boosted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 8.6% in the third quarter, Holdings Channel.com reports. The firm owned 10,829 shares of the financial services provider’s stock after purchasing an additional 854 shares during the quarter. Empowered Funds LLC’s holdings in Intercontinental Exchange were worth $1,740,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ICE. Empirical Finance LLC boosted its position in shares of Intercontinental Exchange by 9.8% during the 3rd quarter. Empirical Finance LLC now owns 8,174 shares of the financial services provider’s stock valued at $1,313,000 after purchasing an additional 728 shares in the last quarter. First Business Financial Services Inc. boosted its stake in Intercontinental Exchange by 4.3% during the third quarter. First Business Financial Services Inc. now owns 15,163 shares of the financial services provider’s stock worth $2,436,000 after acquiring an additional 629 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Intercontinental Exchange by 2.0% during the third quarter. CIBC Asset Management Inc now owns 175,987 shares of the financial services provider’s stock worth $28,262,000 after acquiring an additional 3,430 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in Intercontinental Exchange by 9.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 15,667 shares of the financial services provider’s stock worth $2,517,000 after purchasing an additional 1,346 shares during the period. Finally, Metis Global Partners LLC increased its stake in Intercontinental Exchange by 4.5% in the third quarter. Metis Global Partners LLC now owns 25,028 shares of the financial services provider’s stock valued at $4,020,000 after purchasing an additional 1,087 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ICE has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Raymond James cut Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective on the stock. in a research report on Monday, October 14th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $174.13.

Intercontinental Exchange Price Performance

NYSE:ICE opened at $155.77 on Thursday. The company has a market capitalization of $89.44 billion, a P/E ratio of 36.91, a P/E/G ratio of 2.57 and a beta of 1.08. The business’s 50-day moving average is $160.73 and its 200 day moving average is $150.67. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a 12 month low of $111.82 and a 12 month high of $167.99.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting analysts’ consensus estimates of $1.55. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.46 EPS. On average, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Stuart Glen Williams sold 468 shares of Intercontinental Exchange stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $76,195.08. Following the completion of the sale, the chief operating officer now directly owns 13,530 shares in the company, valued at approximately $2,202,819.30. This trade represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the sale, the general counsel now directly owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This represents a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,489 shares of company stock worth $1,202,259 over the last three months. 1.10% of the stock is owned by insiders.

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.