Intercontinental Exchange Inc. $ICE Shares Purchased by Darwin Wealth Management LLC

Darwin Wealth Management LLC raised its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 30.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,611 shares of the financial services provider’s stock after purchasing an additional 3,889 shares during the quarter. Darwin Wealth Management LLC’s holdings in Intercontinental Exchange were worth $2,613,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in shares of Intercontinental Exchange by 5.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 191,658 shares of the financial services provider’s stock valued at $31,041,000 after purchasing an additional 10,742 shares in the last quarter. USS Investment Management Ltd lifted its position in shares of Intercontinental Exchange by 37.2% during the first quarter. USS Investment Management Ltd now owns 946,920 shares of the financial services provider’s stock worth $148,960,000 after purchasing an additional 256,851 shares during the last quarter. Walter Public Investments Inc. increased its holdings in Intercontinental Exchange by 13.8% in the fourth quarter. Walter Public Investments Inc. now owns 124,993 shares of the financial services provider’s stock valued at $20,244,000 after buying an additional 15,129 shares during the last quarter. Vanguard Group Inc. raised its stake in Intercontinental Exchange by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 54,153,170 shares of the financial services provider’s stock valued at $8,770,647,000 after buying an additional 413,639 shares in the last quarter. Finally, OFI Invest Asset Management lifted its holdings in Intercontinental Exchange by 51,986.3% during the 4th quarter. OFI Invest Asset Management now owns 400,544 shares of the financial services provider’s stock worth $64,872,000 after buying an additional 399,775 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Sharon Bowen sold 667 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $151.28, for a total value of $100,903.76. Following the completion of the transaction, the director owned 15,077 shares in the company, valued at $2,280,848.56. This represents a 4.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William Jefferson Hague sold 1,333 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $139.46, for a total transaction of $185,900.18. Following the transaction, the director directly owned 20,132 shares in the company, valued at approximately $2,807,608.72. The trade was a 6.21% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 13,425 shares of company stock valued at $2,046,324. Company insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ICE. TD Cowen dropped their price target on Intercontinental Exchange from $193.00 to $153.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. Barclays lowered their target price on shares of Intercontinental Exchange from $201.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday. Raymond James Financial set a $208.00 price target on shares of Intercontinental Exchange in a research report on Monday. Keefe, Bruyette & Woods started coverage on shares of Intercontinental Exchange in a research note on Wednesday, April 8th. They set an “outperform” rating and a $190.00 price objective on the stock. Finally, Rothschild & Co Redburn set a $177.00 target price on Intercontinental Exchange in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $183.33.

Key Headlines Impacting Intercontinental Exchange

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

• Positive Sentiment: Barclays reiterated an Overweight view and raised its price target to $180, while UBS and Goldman Sachs recently also issued bullish targets, signaling Wall Street still sees upside in ICE’s core exchange and data businesses.
• Positive Sentiment: Social-media and market commentary continue to highlight ICE’s strong earnings growth, relatively low valuation versus peers, and expansion initiatives in futures and tokenized equities, which support the long-term bull case.
• Neutral Sentiment: ICE’s coffee futures market is in the spotlight after the company raised margin requirements for coffee trading, contributing to sharp swings in arabica and robusta coffee prices. That move is boosting attention on ICE’s role in commodities markets, though the direct stock impact is less clear.
• Neutral Sentiment: Recent commentary also notes ICE’s Q1 revenue grew 13.5% year over year to about $3.7 billion, showing the business remains fundamentally healthy ahead of its next earnings update.
• Negative Sentiment: Morgan Stanley cut its price target to $163 from $187 and kept an Equal Weight rating, reflecting more cautious near-term expectations for the stock.
• Negative Sentiment: Analysts have also pointed to softer June volume trends and weaker trading activity in some futures segments, which has led to estimate cuts and is weighing on investor sentiment before ICE’s late-July earnings report.
• Negative Sentiment: Insider selling remains a mild overhang, with ICE executives and directors having made no open-market purchases over the past six months.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE opened at $134.91 on Friday. Intercontinental Exchange Inc. has a 12-month low of $121.79 and a 12-month high of $189.35. The company has a market cap of $76.29 billion, a PE ratio of 19.64, a P/E/G ratio of 1.27 and a beta of 0.94. The stock has a 50 day simple moving average of $142.48 and a 200-day simple moving average of $155.59. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, beating the consensus estimate of $2.23 by $0.12. The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The firm’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the firm earned $1.72 EPS. On average, equities research analysts forecast that Intercontinental Exchange Inc. will post 8.35 EPS for the current year.

Intercontinental Exchange Company 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.