Kampmann Melissa S. cut its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE – Free Report) by 36.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,594 shares of the financial services provider’s stock after selling 5,480 shares during the period. Intercontinental Exchange makes up 1.1% of Kampmann Melissa S.’s portfolio, making the stock its 28th biggest position. Kampmann Melissa S.’s holdings in Intercontinental Exchange were worth $1,459,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in ICE. Rakuten Securities Inc. purchased a new stake in shares of Intercontinental Exchange in the second quarter worth $26,000. Gables Capital Management Inc. bought a new position in shares of Intercontinental Exchange during the second quarter worth $31,000. James T. Borello RIA grew its stake in Intercontinental Exchange by 143.0% during the third quarter. James T. Borello RIA now owns 209 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 123 shares in the last quarter. Fiduciary Financial Advisors purchased a new position in Intercontinental Exchange during the second quarter valued at $33,000. Finally, Clearstead Trust LLC purchased a new stake in Intercontinental Exchange in the 2nd quarter worth $37,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on ICE. Argus cut their price objective on Intercontinental Exchange from $190.00 to $187.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, October 10th. The Goldman Sachs Group raised their price target on Intercontinental Exchange from $192.00 to $195.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Morgan Stanley upped their price objective on Intercontinental Exchange from $163.00 to $173.00 and gave the stock an “equal weight” rating in a report on Friday, October 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $178.00 price objective (up from $169.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.25.
Get Our Latest Analysis on ICE
Trending Headlines about Intercontinental Exchange
Here are the key news stories impacting Intercontinental Exchange this week:
- Positive Sentiment: Q3 earnings beat estimates: ICE reported adjusted earnings of $2.02 per share, above the $1.97 consensus estimate, while revenue rose 14.7% year over year to $3.63 billion. Growth was supported by higher exchange-trading activity and data revenue, with analysts also citing improving recurring-revenue expectations. Intercontinental Q3 Earnings Beat on Exchanges and Data Growth
- Positive Sentiment: New digital-asset derivatives initiative: ICE and Trade[XYZ] plan to bring Hyperliquid-based, regulated perpetual futures markets to U.S. customers. The initiative could create a new growth opportunity in 24/7 derivatives trading and reinforces ICE’s broader push into digital assets. Intercontinental Exchange to bring TradeXYZ perpetual markets onshore in U.S.
- Positive Sentiment: Analyst targets moved higher: Barclays raised its target to $194 and kept an overweight rating, while Keefe, Bruyette & Woods lifted its target to $190 with an outperform rating. Goldman Sachs also increased its target to $200. Goldman Sachs adjusts ICE price target
- Positive Sentiment: Dividend increase and deal progress: ICE approved a quarterly dividend of $0.52 per share, up 8% from a year earlier. The company also expects its MarketAxess acquisition to close in the first quarter of 2027 after receiving early regulatory clearance. Intercontinental Exchange approves fourth-quarter dividend
- Neutral Sentiment: Mixed analyst view: TD Cowen raised its target to $182 but maintained a hold rating, while Wells Fargo increased its target to $167 and retained an underweight rating, suggesting some analysts believe much of the near-term upside is already reflected in ICE’s valuation.
- Negative Sentiment: Execution and spending risks remain: The MarketAxess transaction and approximately $1.05 billion in 2026 capital expenditures could pressure near-term cash flow, while mortgage-market challenges continue to weigh on part of ICE’s business.
Insiders Place Their Bets
In other news, President Benjamin Jackson sold 12,862 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $160.09, for a total value of $2,059,077.58. Following the transaction, the president directly owned 164,264 shares in the company, valued at approximately $26,297,023.76. This represents a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 4,574 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $161.77, for a total transaction of $739,935.98. Following the completion of the transaction, the general counsel owned 43,065 shares in the company, valued at approximately $6,966,625.05. The trade was a 9.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 41,179 shares of company stock valued at $6,473,715. Insiders own 0.84% of the company’s stock.
Intercontinental Exchange Stock Up 3.4%
Shares of NYSE:ICE opened at $168.64 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.03 and a quick ratio of 1.01. The business has a 50 day simple moving average of $157.56 and a two-hundred day simple moving average of $154.60. Intercontinental Exchange Inc. has a 1 year low of $121.79 and a 1 year high of $176.05. The firm has a market capitalization of $94.67 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 1.51 and a beta of 0.94.
Intercontinental Exchange (NYSE:ICE – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.05. Intercontinental Exchange had a return on equity of 15.32% and a net margin of 29.62%. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the company earned $1.71 EPS. Intercontinental Exchange’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, equities analysts predict that Intercontinental Exchange Inc. will post 8.20 EPS for the current year.
Intercontinental Exchange Profile
Intercontinental Exchange, Inc (NYSE:ICE) is a global operator of exchanges, clearinghouses, data services and technology platforms. The company owns and operates the New York Stock Exchange and other exchanges serving equity, options, futures and over-the-counter markets. Its marketplaces support trading in areas including energy, agricultural commodities, interest rates, currencies, equity indexes and individual stocks.
ICE also provides clearing and settlement services that help manage counterparty and transaction risk, along with market data, analytics, connectivity and other technology solutions for financial institutions and businesses.
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