Intercontinental Exchange Inc. $ICE Holdings Increased by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. raised its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 7.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 43,000 shares of the financial services provider’s stock after acquiring an additional 3,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in Intercontinental Exchange were worth $6,537,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ICE. Kintegral Advisory LLC lifted its position in shares of Intercontinental Exchange by 0.6% in the 3rd quarter. Kintegral Advisory LLC now owns 11,435 shares of the financial services provider’s stock worth $1,738,000 after purchasing an additional 64 shares during the period. Gilpin Wealth Management LLC raised its stake in Intercontinental Exchange by 6.3% during the 3rd quarter. Gilpin Wealth Management LLC now owns 1,118 shares of the financial services provider’s stock worth $170,000 after buying an additional 66 shares during the period. Cornerstone Planning Group LLC raised its position in shares of Intercontinental Exchange by 33.5% during the first quarter. Cornerstone Planning Group LLC now owns 271 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 68 shares during the period. Chemistry Wealth Management LLC lifted its stake in shares of Intercontinental Exchange by 0.9% in the third quarter. Chemistry Wealth Management LLC now owns 7,773 shares of the financial services provider’s stock valued at $1,182,000 after buying an additional 68 shares in the last quarter. Finally, Capstone Financial Advisors Inc. boosted its stake in Intercontinental Exchange by 1.4% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 5,116 shares of the financial services provider’s stock valued at $630,000 after purchasing an additional 69 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, President Benjamin Jackson sold 12,862 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was 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 of the company’s stock, valued at approximately $26,297,023.76. This represents a 7.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Warren Gardiner sold 2,491 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $156.30, for a total value of $389,343.30. Following the sale, the chief financial officer owned 22,698 shares in the company, valued at approximately $3,547,697.40. This represents a 9.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 45,466 shares of company stock worth $7,493,200 over the last 90 days. 0.84% of the stock is currently owned by company insiders.

Key Intercontinental Exchange News

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

• Positive Sentiment: ICE is expanding its energy markets with European wind futures, giving power-market participants a new way to hedge risks as renewable generation grows. The launch could broaden ICE’s product offering and create additional trading activity, though the financial impact was not specified. What Is Intercontinental Exchange (ICE) Betting On With New European Wind Futures?
• Positive Sentiment: Wall Street analysts remain moderately optimistic about ICE’s outlook despite the stock’s underperformance relative to the broader market over the past year. Intercontinental Exchange Stock: Analyst Estimates & Ratings
• Neutral Sentiment: The New York Stock Exchange, an ICE business, plans to use Avalanche blockchain exclusively to settle tokenized stocks on a forthcoming 24/7 trading platform. The initiative signals a push into digital-market infrastructure, but its eventual adoption and revenue contribution remain uncertain. NYSE to Settle Tokenized Stocks on Avalanche Blockchain
• Neutral Sentiment: ICE’s Mortgage Monitor reported that 2.4 million mortgage holders are “equity millionaires,” with home equity reaching a record in the third quarter. This highlights a strong housing-equity backdrop, but the report does not indicate a direct near-term effect on ICE’s results. ICE Mortgage Monitor: 2.4 Million Mortgage Holders Are Equity Millionaires as Q3 Home Equity Hits Record High
• Negative Sentiment: ICE’s president sold about $1.28 million in company shares, and its chief accounting officer sold about $661,000. Insider sales can weigh on sentiment, although the reports do not give a reason for the transactions. ICE President Sells Stock

Intercontinental Exchange Trading Up 1.2%

Shares of NYSE ICE opened at $176.19 on Wednesday. The firm’s 50 day moving average price is $159.21 and its 200-day moving average price is $154.66. The company has a market cap of $98.47 billion, a PE ratio of 24.04, a P/E/G ratio of 1.53 and a beta of 0.84. Intercontinental Exchange Inc. has a 52-week low of $121.79 and a 52-week high of $177.94. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.03 and a current ratio of 1.03.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, October 29th. The financial services provider reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.05. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Intercontinental Exchange had a net margin of 29.62% and a return on equity of 15.32%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.71 earnings per share. On average, equities research analysts expect that Intercontinental Exchange Inc. will post 8.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on ICE. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $178.00 target price (up from $169.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Barclays raised their price objective on shares of Intercontinental Exchange from $189.00 to $194.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Morgan Stanley raised their price objective on shares of Intercontinental Exchange from $163.00 to $173.00 and gave the stock an “equal weight” rating in a report on Friday, October 9th. Bank of America lifted their price objective on Intercontinental Exchange from $232.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. Finally, The Goldman Sachs Group upped their target price on Intercontinental Exchange from $192.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.25.

About Intercontinental Exchange

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.