Corient Private Wealth LLC Buys 21,766 Shares of Intercontinental Exchange Inc. $ICE

Corient Private Wealth LLC lifted its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 855,631 shares of the financial services provider’s stock after purchasing an additional 21,766 shares during the quarter. Corient Private Wealth LLC owned 0.15% of Intercontinental Exchange worth $156,983,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Optivise Advisory Services LLC lifted its stake in shares of Intercontinental Exchange by 3.1% during the 2nd quarter. Optivise Advisory Services LLC now owns 1,794 shares of the financial services provider’s stock worth $329,000 after buying an additional 54 shares during the last quarter. ICONIQ Capital LLC boosted its holdings in Intercontinental Exchange by 2.2% in the 2nd quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 56 shares during the period. Tritonpoint Wealth LLC grew its position in shares of Intercontinental Exchange by 1.4% during the 2nd quarter. Tritonpoint Wealth LLC now owns 4,347 shares of the financial services provider’s stock worth $798,000 after purchasing an additional 58 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Intercontinental Exchange by 5.0% during the second quarter. SBI Securities Co. Ltd. now owns 1,207 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 58 shares during the period. Finally, RB Capital Management LLC raised its position in shares of Intercontinental Exchange by 1.3% in the second quarter. RB Capital Management LLC now owns 4,584 shares of the financial services provider’s stock valued at $841,000 after buying an additional 59 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Raymond James Financial raised Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price target on the stock in a research report on Monday, October 13th. TD Cowen decreased their price target on Intercontinental Exchange from $199.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Exchange in a research report on Wednesday, October 8th. Barclays set a $183.00 price objective on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, Morgan Stanley dropped their target price on shares of Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $194.70.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock opened at $163.21 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. The stock has a market cap of $93.06 billion, a PE ratio of 29.73, a P/E/G ratio of 2.53 and a beta of 1.04. Intercontinental Exchange Inc. has a 12-month low of $142.29 and a 12-month high of $189.35. The business’s 50-day moving average price is $154.98 and its two-hundred day moving average price is $170.11.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.71. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.49 billion. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.55 EPS. As a group, analysts expect that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Warren Gardiner sold 1,572 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $153.65, for a total value of $241,537.80. Following the completion of the transaction, the chief financial officer directly owned 20,534 shares in the company, valued at approximately $3,155,049.10. This represents a 7.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 1,770 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $152.52, for a total value of $269,960.40. Following the sale, the general counsel directly owned 44,212 shares in the company, valued at approximately $6,743,214.24. This trade represents a 3.85% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 175,489 shares of company stock valued at $26,972,956. 1.00% of the stock is currently owned by insiders.

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.