Unigestion Holding SA Has $358,000 Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Unigestion Holding SA decreased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 88.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,228 shares of the financial services provider’s stock after selling 17,490 shares during the quarter. Unigestion Holding SA’s holdings in Intercontinental Exchange were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in shares of Intercontinental Exchange by 819.7% in the second quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider’s stock valued at $18,764,000 after purchasing an additional 122,169 shares during the period. Blue Trust Inc. grew its position in shares of Intercontinental Exchange by 312.4% in the second quarter. Blue Trust Inc. now owns 5,180 shares of the financial services provider’s stock valued at $712,000 after purchasing an additional 3,924 shares during the last quarter. GDS Wealth Management grew its holdings in Intercontinental Exchange by 5.3% in the 3rd quarter. GDS Wealth Management now owns 103,412 shares of the financial services provider’s stock valued at $16,612,000 after buying an additional 5,226 shares in the last quarter. Main Management ETF Advisors LLC bought a new stake in Intercontinental Exchange in the 3rd quarter valued at about $873,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Intercontinental Exchange by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,142,092 shares of the financial services provider’s stock worth $504,746,000 after purchasing an additional 21,615 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ICE. Deutsche Bank Aktiengesellschaft boosted their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. 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. Barclays boosted their price target on Intercontinental Exchange from $173.00 to $187.00 and gave the company an “overweight” rating in a research note on Monday. The Goldman Sachs Group increased their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.07.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 602 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $98,011.62. Following the completion of the sale, the insider now directly owns 14,034 shares in the company, valued at approximately $2,284,875.54. This trade represents a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Stuart Glen Williams sold 468 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $76,195.08. Following the transaction, the chief operating officer now directly owns 13,530 shares in the company, valued at $2,202,819.30. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,946 shares of company stock worth $1,433,486. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $158.20 on Thursday. The company has a market capitalization of $90.83 billion, a price-to-earnings ratio of 37.49, a PEG ratio of 2.58 and a beta of 1.08. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a twelve month low of $116.21 and a twelve month high of $167.99. The stock has a fifty day simple moving average of $160.23 and a 200 day simple moving average of $153.05.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the company earned $1.46 earnings per share. The firm’s revenue was up 17.3% compared to the same quarter last year. Sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Intercontinental Exchange Company 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.