BNP Paribas Acquires 506 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

BNP Paribas lifted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 30.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,168 shares of the financial services provider’s stock after purchasing an additional 506 shares during the period. BNP Paribas’ holdings in Intercontinental Exchange were worth $348,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Intercontinental Exchange by 10.5% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 100,786 shares of the financial services provider’s stock worth $16,190,000 after purchasing an additional 9,586 shares during the last quarter. Soros Capital Management LLC grew its holdings in shares of Intercontinental Exchange by 516.7% during the third quarter. Soros Capital Management LLC now owns 120,583 shares of the financial services provider’s stock worth $19,370,000 after purchasing an additional 101,030 shares during the last quarter. Townsquare Capital LLC grew its holdings in shares of Intercontinental Exchange by 43.8% during the third quarter. Townsquare Capital LLC now owns 10,335 shares of the financial services provider’s stock worth $1,660,000 after purchasing an additional 3,147 shares during the last quarter. Baldwin Investment Management LLC grew its holdings in shares of Intercontinental Exchange by 0.7% during the third quarter. Baldwin Investment Management LLC now owns 13,527 shares of the financial services provider’s stock worth $2,173,000 after purchasing an additional 100 shares during the last quarter. Finally, Cadence Bank bought a new stake in shares of Intercontinental Exchange during the third quarter worth $233,000. Institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

ICE has been the topic of several research reports. Piper Sandler upped their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their price target on Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Bank of America upped their price target on Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $174.13.

Intercontinental Exchange Price Performance

Shares of ICE opened at $161.14 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a 1 year low of $111.82 and a 1 year high of $167.99. The stock has a market cap of $92.52 billion, a P/E ratio of 38.18, a price-to-earnings-growth ratio of 2.64 and a beta of 1.08. The stock’s 50-day moving average price is $160.55 and its two-hundred day moving average price is $151.59.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the business posted $1.46 EPS. Intercontinental Exchange’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, equities analysts predict that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Insider Activity

In other news, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the transaction, the president now owns 156,163 shares in the company, valued at $24,986,080. The trade was a 3.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Stuart Glen Williams sold 468 shares of Intercontinental Exchange stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $76,195.08. Following the transaction, the chief operating officer now owns 13,530 shares in the company, valued at $2,202,819.30. This trade represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,696 shares of company stock worth $1,554,559 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.