Corient Private Wealth LLC Purchases 117,864 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Corient Private Wealth LLC increased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 27.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 551,866 shares of the financial services provider’s stock after acquiring an additional 117,864 shares during the period. Corient Private Wealth LLC owned about 0.10% of Intercontinental Exchange worth $70,876,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ICE. Nordea Investment Management AB grew its position in Intercontinental Exchange by 27.3% in the 4th quarter. Nordea Investment Management AB now owns 56,870 shares of the financial services provider’s stock worth $7,311,000 after purchasing an additional 12,208 shares during the period. Oppenheimer Asset Management Inc. increased its position in Intercontinental Exchange by 7.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 126,854 shares of the financial services provider’s stock valued at $13,956,000 after acquiring an additional 8,320 shares during the last quarter. LGT Group Foundation lifted its holdings in Intercontinental Exchange by 36.0% in the fourth quarter. LGT Group Foundation now owns 355,555 shares of the financial services provider’s stock valued at $45,724,000 after acquiring an additional 94,039 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Intercontinental Exchange by 9.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,235,985 shares of the financial services provider’s stock worth $158,738,000 after purchasing an additional 105,042 shares during the last quarter. Finally, First County Bank CT grew its stake in shares of Intercontinental Exchange by 2.7% during the 3rd quarter. First County Bank CT now owns 3,811 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 100 shares during the period. 89.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

ICE has been the topic of a number of research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Argus reaffirmed a “buy” rating and issued a $153.00 target price on shares of Intercontinental Exchange in a report on Tuesday. Citigroup boosted their price target on Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, Bank of America decreased their price objective on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $148.29.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $137.05 on Wednesday. The firm has a market cap of $78.61 billion, a price-to-earnings ratio of 31.48, a P/E/G ratio of 2.56 and a beta of 1.02. The firm has a fifty day moving average price of $134.26 and a 200 day moving average price of $128.39. Intercontinental Exchange, Inc. has a fifty-two week low of $103.81 and a fifty-two week high of $140.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, meeting the consensus estimate of $1.48. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The business’s revenue was up 20.8% on a year-over-year basis. As a group, sell-side analysts expect that Intercontinental Exchange, Inc. will post 5.95 earnings per share for the current fiscal year.

Insider Activity at Intercontinental Exchange

In other news, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $0.87 per share, with a total value of $2,402,947.83. Following the acquisition, the insider now directly owns 7,476,345 shares of the company’s stock, valued at $6,504,420.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Warren Gardiner sold 500 shares of Intercontinental Exchange stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $138.83, for a total value of $69,415.00. Following the completion of the transaction, the chief financial officer now owns 18,326 shares in the company, valued at $2,544,198.58. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were bought at an average price of $0.87 per share, for a total transaction of $2,402,947.83. Following the completion of the transaction, the insider now owns 7,476,345 shares of the company’s stock, valued at $6,504,420.15. The disclosure for this purchase can be found here. Over the last three months, insiders sold 61,467 shares of company stock valued at $8,433,168. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange 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.