13,016 Shares of Intercontinental Exchange Inc. $ICE Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC bought a new position in Intercontinental Exchange Inc. (NYSE:ICE) during the 3rd quarter, HoldingsChannel reports. The fund bought 13,016 shares of the financial services provider’s stock, valued at approximately $2,036,000.

A number of other hedge funds have also made changes to their positions in ICE. Physician Wealth Advisors Inc. boosted its position in Intercontinental Exchange by 78.7% in the third quarter. Physician Wealth Advisors Inc. now owns 318 shares of the financial services provider’s stock valued at $48,000 after buying an additional 140 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in Intercontinental Exchange by 7.1% during the third quarter. Pinnacle Associates Ltd. now owns 15,121 shares of the financial services provider’s stock worth $2,299,000 after buying an additional 998 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Intercontinental Exchange by 0.8% during the third quarter. Nisa Investment Advisors LLC now owns 175,930 shares of the financial services provider’s stock worth $26,747,000 after buying an additional 1,419 shares in the last quarter. Rare Wolf Capital LLC increased its holdings in shares of Intercontinental Exchange by 9.2% during the third quarter. Rare Wolf Capital LLC now owns 3,421 shares of the financial services provider’s stock worth $520,000 after buying an additional 287 shares in the last quarter. Finally, Revisor Wealth Management LLC increased its holdings in shares of Intercontinental Exchange by 36.6% during the third quarter. Revisor Wealth Management LLC now owns 5,463 shares of the financial services provider’s stock worth $857,000 after buying an additional 1,463 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

ICE has been the topic of a number of research analyst reports. Raymond James Financial decreased their price target on Intercontinental Exchange from $218.00 to $211.00 and set a “strong-buy” rating on the stock in a research report on Monday, October 5th. Piper Sandler reiterated an “overweight” rating and issued a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a research report on Friday, October 2nd. Wells Fargo & Company reissued an “underweight” rating and issued a $160.00 price objective (up from $159.00) on shares of Intercontinental Exchange in a research note on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $178.00 price objective (up from $169.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating on shares of Intercontinental Exchange in a report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average target price of $186.31.

Insiders Place Their Bets

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 4,574 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $161.77, for a total transaction of $739,935.98. Following the transaction, the general counsel owned 43,065 shares of the company’s stock, valued at approximately $6,966,625.05. This represents a 9.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Benjamin Jackson sold 12,862 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $160.09, for a total value of $2,059,077.58. Following the completion of the transaction, the president owned 164,264 shares in the company, valued at $26,297,023.76. The trade was a 7.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 41,179 shares of company stock valued at $6,473,715 over the last quarter. Company insiders own 0.84% of the company’s stock.

Intercontinental Exchange Trading Up 3.9%

Shares of NYSE ICE opened at $163.82 on Friday. Intercontinental Exchange Inc. has a 1-year low of $121.79 and a 1-year high of $176.05. The company has a market cap of $91.97 billion, a PE ratio of 23.14, a P/E/G ratio of 1.46 and a beta of 0.94. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average of $157.10 and a two-hundred day moving average of $150.81.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same period in the prior year, the business earned $1.81 earnings per share. Intercontinental Exchange’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities analysts expect that Intercontinental Exchange Inc. will post 8.20 earnings per share for the current fiscal year.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc (NYSE:ICE) is a global operator of exchanges, clearinghouses, data services and technology platforms. The company owns and operates the New York Stock Exchange and other exchanges serving equity, options, futures and over-the-counter markets. Its marketplaces support trading in areas including energy, agricultural commodities, interest rates, currencies, equity indexes and individual stocks.

ICE also provides clearing and settlement services that help manage counterparty and transaction risk, along with market data, analytics, connectivity and other technology solutions for financial institutions and businesses.