Strive Financial Group LLC Sells 8,713 Shares of Intercontinental Exchange Inc. $ICE

Strive Financial Group LLC decreased its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 63.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,071 shares of the financial services provider’s stock after selling 8,713 shares during the period. Strive Financial Group LLC’s holdings in Intercontinental Exchange were worth $624,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ICE. Rakuten Securities Inc. bought a new position in Intercontinental Exchange in the 2nd quarter valued at about $26,000. Swiss RE Ltd. purchased a new stake in shares of Intercontinental Exchange in the fourth quarter worth approximately $28,000. Brooklands Fund Management Ltd bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $28,000. Lloyd Advisory Services LLC. bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $30,000. Finally, Gables Capital Management Inc. purchased a new position in shares of Intercontinental Exchange during the second quarter valued at approximately $31,000. 89.30% of the stock is owned by institutional investors.

Key Intercontinental Exchange News

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

• Positive Sentiment: Trading activity strengthened: ICE reported a 14% year-over-year increase in average daily volume during August 2026. Higher volumes can support transaction-based revenue across its exchanges and clearing operations. Intercontinental Exchange’s daily volume up 14% Y/Y in August
• Positive Sentiment: Data-services offering expanded: ICE added Parameta Solutions’ over-the-counter pricing to its consolidated feed, which incorporates data from approximately 600 sources. The initiative could improve ICE’s information-services offering and support recurring revenue. ICE Adds Parameta’s OTC Prices to Its 600-Source Consolidated Feed
• Positive Sentiment: International collaboration: The New York Stock Exchange and Korea Exchange agreed to collaborate, potentially supporting cross-market connectivity and future product development. New York Stock Exchange and Korea Exchange to collaborate
• Neutral Sentiment: Relative-performance concerns: A market commentary examined whether ICE is underperforming the Dow, which may be prompting investors to reassess the stock’s valuation and near-term momentum. Is Intercontinental Exchange Stock Underperforming the Dow?
• Negative Sentiment: Insider selling added pressure: President Benjamin Jackson and insider Christopher Edmonds sold a combined 17,862 shares for approximately $2.86 million. Although both retained substantial holdings, the transactions may weigh on sentiment. Insider Selling at Intercontinental Exchange
• Negative Sentiment: Investor concerns remain: A Meridian Hedged Equity Fund letter highlighted pressures affecting ICE during the second quarter, including the market environment surrounding geopolitical tensions and falling crude-oil prices. Here’s What Pressured Intercontinental Exchange

Insider Buying and Selling at Intercontinental Exchange

In related news, President Benjamin Jackson sold 12,862 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $160.09, for a total transaction of $2,059,077.58. Following the completion of the sale, the president owned 164,264 shares in the company, valued at approximately $26,297,023.76. This trade represents a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Martha Tirinnanzi sold 1,340 shares of Intercontinental Exchange stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $161.16, for a total transaction of $215,954.40. Following the completion of the sale, the director directly owned 3,747 shares in the company, valued at approximately $603,866.52. This represents a 26.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,003 shares of company stock valued at $6,416,219 in the last three months. 0.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. UBS Group reiterated a “buy” rating and set a $195.00 price target (up from $190.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. TD Cowen reaffirmed a “buy” rating and set a $177.00 price objective (up from $159.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Piper Sandler reduced their target price on shares of Intercontinental Exchange from $211.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Rothschild & Co Redburn set a $177.00 target price on shares of Intercontinental Exchange in a report on Thursday, June 11th. Finally, The Goldman Sachs Group dropped their price target on shares of Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $184.17.

Intercontinental Exchange Stock Down 2.0%

ICE stock opened at $161.34 on Friday. The stock’s fifty day simple moving average is $148.11 and its two-hundred day simple moving average is $151.61. 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 Inc. has a 1-year low of $121.79 and a 1-year high of $176.59. The stock has a market cap of $90.57 billion, a P/E ratio of 22.79, a P/E/G ratio of 1.60 and a beta of 0.93.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.06. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.The business’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $1.81 EPS. Analysts expect that Intercontinental Exchange Inc. will post 8.1 EPS for the current year.

Intercontinental Exchange 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.