Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Fiduciary Trust Co

Fiduciary Trust Co boosted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 18.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,279 shares of the financial services provider’s stock after purchasing an additional 2,904 shares during the period. Fiduciary Trust Co’s holdings in Intercontinental Exchange were worth $2,936,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Intercontinental Exchange by 1.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 237,764 shares of the financial services provider’s stock worth $38,194,000 after purchasing an additional 4,354 shares in the last quarter. First Commonwealth Financial Corp PA increased its stake in shares of Intercontinental Exchange by 3.0% during the 3rd quarter. First Commonwealth Financial Corp PA now owns 4,969 shares of the financial services provider’s stock worth $798,000 after purchasing an additional 145 shares in the last quarter. BNP Paribas increased its stake in shares of Intercontinental Exchange by 30.4% during the 3rd quarter. BNP Paribas now owns 2,168 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 506 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Intercontinental Exchange by 10.5% during the 3rd 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 in the last quarter. Finally, Soros Capital Management LLC increased its stake in shares of Intercontinental Exchange by 516.7% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

ICE opened at $161.19 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. Intercontinental Exchange, Inc. has a 1-year low of $111.82 and a 1-year high of $167.99. The company has a 50-day moving average of $160.59 and a 200-day moving average of $151.66. The company has a market capitalization of $92.55 billion, a P/E ratio of 38.20, a PEG ratio of 2.66 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the firm earned $1.46 EPS. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. Equities analysts expect that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ICE has been the topic of a number of analyst reports. Raymond James lowered shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price on the stock. in a research report on Monday, October 14th. Barclays decreased their price target on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday. Morgan Stanley lifted their price target on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $168.00 target price on shares of Intercontinental Exchange in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.13.

Insider Activity at Intercontinental Exchange

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

About Intercontinental Exchange

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.