Krilogy Financial LLC Buys 10,493 Shares of Intercontinental Exchange Inc. $ICE

Krilogy Financial LLC boosted its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 56.9% in the first quarter, Holdings Channel reports. The firm owned 28,929 shares of the financial services provider’s stock after purchasing an additional 10,493 shares during the quarter. Krilogy Financial LLC’s holdings in Intercontinental Exchange were worth $4,737,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ares Financial Consulting LLC acquired a new stake in Intercontinental Exchange during the fourth quarter worth about $25,000. Holos Integrated Wealth LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at approximately $28,000. Steph & Co. raised its position in shares of Intercontinental Exchange by 104.7% in the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after buying an additional 89 shares in the last quarter. Brooklands Fund Management Ltd bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $28,000. Finally, Swiss RE Ltd. bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $28,000. Institutional investors own 89.30% of the company’s stock.

Key Headlines Impacting Intercontinental Exchange

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

• Positive Sentiment: ICE and crypto exchange OKX launched a joint venture to build U.S.-regulated infrastructure for tokenized and digitally native financial products, including access to ICE futures and NYSE tokenized equities markets. The project, which will be co-chaired by former New York Governor Andrew Cuomo, could open a new revenue stream and deepen ICE’s role in the digital asset ecosystem. Article Title
• Positive Sentiment: ICE launched GreenTrace, a new environmental registry technology service aimed at carbon credit registries, signaling further expansion into climate and environmental market infrastructure. Investors may view this as another scalable data-and-platform growth opportunity. Article Title
• Neutral Sentiment: TD Cowen lowered its price target on ICE to $153 from $193, though it kept a buy rating. The reduction may temper enthusiasm, but the new target still implies upside from recent trading levels. Article Title

Analyst Ratings Changes

ICE has been the subject of a number of analyst reports. TD Cowen lowered their price objective on Intercontinental Exchange from $193.00 to $153.00 and set a “buy” rating for the company in a research report on Monday. Weiss Ratings cut shares of Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a research note on Friday, March 6th. UBS Group restated a “buy” rating and issued a $205.00 target price on shares of Intercontinental Exchange in a report on Wednesday, May 20th. Finally, Keefe, Bruyette & Woods began coverage on shares of Intercontinental Exchange in a research report on Wednesday, April 8th. They set an “outperform” rating and a $190.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $189.36.

Insider Buying and Selling

In other Intercontinental Exchange news, CTO Mayur Kapani sold 4,271 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $155.42, for a total transaction of $663,798.82. Following the completion of the transaction, the chief technology officer owned 64,869 shares in the company, valued at $10,081,939.98. This trade represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sharon Bowen sold 667 shares of Intercontinental Exchange stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $151.28, for a total transaction of $100,903.76. Following the completion of the transaction, the director owned 15,077 shares of the company’s stock, valued at $2,280,848.56. The trade was a 4.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,425 shares of company stock worth $2,046,324 in the last quarter. 0.84% of the stock is currently owned by company insiders.

Intercontinental Exchange Price Performance

ICE stock opened at $133.11 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. The business has a 50-day simple moving average of $150.18 and a two-hundred day simple moving average of $158.28. The company has a market capitalization of $75.28 billion, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92. Intercontinental Exchange Inc. has a 52-week low of $129.82 and a 52-week high of $189.35.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.12. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same period in the previous year, the company posted $1.72 earnings per share. The business’s revenue was up 20.4% on a year-over-year basis. Research analysts expect that Intercontinental Exchange Inc. will post 8.16 EPS for the current fiscal year.

About Intercontinental Exchange

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.