3,784 Shares of Intercontinental Exchange Inc. $ICE Acquired by StoneRidge PMG Advisors LLC

StoneRidge PMG Advisors LLC purchased a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 3,784 shares of the financial services provider’s stock, valued at approximately $575,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hughes Financial Services LLC raised its holdings in shares of Intercontinental Exchange by 64.4% in the third quarter. Hughes Financial Services LLC now owns 194 shares of the financial services provider’s stock worth $32,000 after buying an additional 76 shares during the period. James T. Borello RIA boosted its holdings in Intercontinental Exchange by 143.0% during the 3rd 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 during the period. Rakuten Securities Inc. purchased a new position in Intercontinental Exchange during the 2nd quarter valued at $26,000. Gables Capital Management Inc. bought a new position in Intercontinental Exchange in the 2nd quarter valued at $31,000. Finally, William Mack & Associates Inc. bought a new position in Intercontinental Exchange in the 3rd quarter valued at $40,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock opened at $172.28 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $96.28 billion, a PE ratio of 23.50, a P/E/G ratio of 1.52 and a beta of 0.84. The company has a 50 day moving average price of $158.67 and a 200-day moving average price of $154.64. Intercontinental Exchange Inc. has a fifty-two week low of $121.79 and a fifty-two week high of $177.94.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, October 29th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.05. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Intercontinental Exchange had a return on equity of 15.32% and a net margin of 29.62%. Intercontinental Exchange’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.71 earnings per share. As a group, equities analysts forecast that Intercontinental Exchange Inc. will post 8.21 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on ICE. Rothschild & Co Redburn increased their target price on Intercontinental Exchange from $173.00 to $181.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $178.00 target price (up from $169.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, October 10th. Argus cut their price target on shares of Intercontinental Exchange from $190.00 to $187.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Finally, Bank of America raised their price target on shares of Intercontinental Exchange from $232.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $189.25.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CAO James Namkung sold 3,777 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $175.00, for a total value of $660,975.00. Following the completion of the sale, the chief accounting officer directly owned 10,325 shares in the company, valued at approximately $1,806,875. This represents a 26.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Elizabeth King sold 1,919 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $175.00, for a total value of $335,825.00. Following the transaction, the insider directly owned 21,835 shares in the company, valued at $3,821,125. The trade was a 8.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 49,737 shares of company stock worth $8,138,975 over the last quarter. Insiders own 0.84% of the company’s stock.

Trending Headlines about Intercontinental Exchange

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

• Positive Sentiment: ICE is backing a U.S. perpetual-futures market built on Hyperliquid infrastructure, a potential expansion of its digital-asset offerings. ICE backs US perpetual futures market built on Hyperliquid infrastructure
• Positive Sentiment: Twenty-four ETFs added ICE shares on Nov. 3, suggesting added demand from fund portfolios. 24 ETFs Add to Intercontinental Exchange on Nov. 3
• Positive Sentiment: An analyst valuation assessment put ICE’s fair value slightly higher, while also considering growth prospects and risks. Intercontinental Exchange Stock Fair Value Edges Higher As Analysts Weigh Growth And Risks
• Neutral Sentiment: ICE recently reached a record high, reflecting strong share-price momentum, though the milestone itself does not establish a new fundamental catalyst. Intercontinental Exchange Reaches a Fresh All-Time High
• Neutral Sentiment: CFO Warren Gardiner is scheduled to present at the J.P. Morgan Ultimate Services Investor Conference on Nov. 17; no new financial guidance is noted. CFO Warren Gardiner to Present at Investor Conference
• Negative Sentiment: Apple, Amazon and Tesla reportedly oppose participation in an NYSE-parent-backed blockchain stock venue, raising questions about adoption of ICE’s tokenized-equities initiative. Can Companies Stop Their Shares From Being Tokenized?
• Negative Sentiment: Several ICE executives reported share sales totaling about $2.35 million, including President Benjamin Jackson and Chief Accounting Officer James Namkung. The sales may weigh on sentiment, although executives retained substantial holdings; insider sales alone do not establish a negative outlook. SEC insider transaction filing

Intercontinental Exchange Profile

Intercontinental Exchange, Inc (NYSE: ICE) operates exchanges, clearing houses and technology businesses serving financial and commodity markets. Its platforms support the trading and clearing of futures, options and other products across areas such as energy, agriculture, interest rates and equities. The company also provides market data, analytics and connectivity services to financial institutions and other market participants.

Intercontinental Exchange owns the New York Stock Exchange and operates exchanges and clearing houses in multiple markets around the world.