3,074 Intercontinental Exchange Inc. $ICE Shares Bought by Running Oak Capital LLC

Running Oak Capital LLC raised its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 4.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,029 shares of the financial services provider’s stock after acquiring an additional 3,074 shares during the quarter. Intercontinental Exchange accounts for about 1.7% of Running Oak Capital LLC’s holdings, making the stock its 19th biggest position. Running Oak Capital LLC’s holdings in Intercontinental Exchange were worth $10,951,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in ICE. Hughes Financial Services LLC increased its holdings in shares of Intercontinental Exchange by 64.4% in the 3rd quarter. Hughes Financial Services LLC now owns 194 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 76 shares in the last quarter. James T. Borello RIA boosted its holdings in Intercontinental Exchange by 143.0% during the third quarter. James T. Borello RIA now owns 209 shares of the financial services provider’s stock worth $32,000 after buying an additional 123 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in Intercontinental Exchange during the second quarter worth about $26,000. Joseph Group Capital Management boosted its holdings in Intercontinental Exchange by 55.4% during the third quarter. Joseph Group Capital Management now owns 244 shares of the financial services provider’s stock worth $37,000 after buying an additional 87 shares in the last quarter. Finally, Gables Capital Management Inc. acquired a new position in Intercontinental Exchange during the second quarter worth about $31,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $174.08 on Tuesday. Intercontinental Exchange Inc. has a 52 week low of $121.79 and a 52 week high of $177.94. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.68. The firm’s 50-day simple moving average is $158.90 and its 200 day simple moving average is $154.65. The firm has a market capitalization of $97.28 billion, a PE ratio of 23.75, a P/E/G ratio of 1.54 and a beta of 0.84.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 29th. The financial services provider reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.05. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Intercontinental Exchange had a net margin of 29.62% and a return on equity of 15.32%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.71 EPS. On average, equities research analysts predict that Intercontinental Exchange Inc. will post 8.21 EPS for the current fiscal year.

Trending Headlines about Intercontinental Exchange

Here are the key news stories impacting Intercontinental Exchange this week:

• Positive Sentiment: ICE plans to launch European wind futures, extending its energy-derivatives offerings. The contracts could create new trading and clearing opportunities as renewable power markets grow, though no expected revenue contribution was disclosed. Article: ICE to launch European wind futures Article: ICE Joins Wind Derivatives Push
• Neutral Sentiment: The NYSE intends to settle tokenized stocks on Avalanche for its planned 24/7 trading platform. The move could strengthen ICE’s position in emerging market infrastructure, but the platform’s execution and commercial impact remain uncertain. Article: NYSE to Settle Tokenized Stocks on Avalanche
• Neutral Sentiment: Analysts remain moderately optimistic despite ICE’s relative underperformance over the past year; the report provides no specific new forecast or rating change. Article: Intercontinental Exchange Stock: Analyst Estimates & Ratings
• Neutral Sentiment: ICE’s mortgage report says 2.4 million mortgage holders are equity millionaires and home equity reached a record in Q3. This highlights ICE’s mortgage-data business, but the article does not indicate a direct earnings effect. Article: ICE Mortgage Monitor
• Neutral Sentiment: ICE market commentary on canola describes commodity-price movements, but offers no clear company-specific catalyst for the stock. Article: ICE Closing Review: Canola Defies Pressure
• Negative Sentiment: ICE’s president sold about $1.28 million in shares, and its CAO sold about $661,000. Insider sales may weigh on sentiment, though the reports give no reason for the transactions and they do not necessarily indicate a change in business outlook. Article: President Sells Stock Article: CAO Sells Stock

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Intercontinental Exchange from $192.00 to $195.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Keefe, Bruyette & Woods lifted their price target on shares of Intercontinental Exchange from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, October 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $178.00 price target (up from $169.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Morgan Stanley upped their price target on Intercontinental Exchange from $163.00 to $173.00 and gave the stock an “equal weight” rating in a report on Friday, October 9th. Finally, Argus dropped their price objective on Intercontinental Exchange from $190.00 to $187.00 and set a “buy” rating for the company in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $189.25.

Insider Buying and Selling

In other news, insider Christopher Edmonds sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $160.59, for a total transaction of $802,950.00. Following the completion of the transaction, the insider directly owned 14,367 shares of the company’s stock, valued at $2,307,196.53. This trade represents a 25.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Benjamin Jackson sold 400 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $177.90, for a total value of $71,160.00. Following the transaction, the president owned 156,532 shares of the company’s stock, valued at $27,847,042.80. This represents a 0.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 49,737 shares of company stock valued at $8,138,975. 0.84% of the stock is owned by company insiders.

About Intercontinental Exchange

Intercontinental Exchange, Inc (NYSE: ICE) operates exchanges, clearing houses and technology businesses serving financial and commodity markets. Its platforms support the trading and clearing of futures, options and other products across areas such as energy, agriculture, interest rates and equities. The company also provides market data, analytics and connectivity services to financial institutions and other market participants.

Intercontinental Exchange owns the New York Stock Exchange and operates exchanges and clearing houses in multiple markets around the world.