5,917 Intercontinental Exchange Inc. $ICE Shares Sold by Narwhal Capital Management

Narwhal Capital Management trimmed its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 9.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,961 shares of the financial services provider’s stock after selling 5,917 shares during the quarter. Narwhal Capital Management’s holdings in Intercontinental Exchange were worth $8,508,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ICE. 71 West Capital Partners grew its position in Intercontinental Exchange by 18.2% in the 3rd quarter. 71 West Capital Partners now owns 4,088 shares of the financial services provider’s stock valued at $621,000 after buying an additional 629 shares during the last quarter. Nemes Rush Group LLC raised its position in Intercontinental Exchange by 0.4% during the 3rd quarter. Nemes Rush Group LLC now owns 47,956 shares of the financial services provider’s stock worth $7,291,000 after buying an additional 191 shares during the last quarter. Texas Bank & Trust Co raised its position in Intercontinental Exchange by 46.7% during the 3rd quarter. Texas Bank & Trust Co now owns 5,199 shares of the financial services provider’s stock worth $790,000 after buying an additional 1,655 shares during the last quarter. Gryphon Financial Partners LLC raised its position in Intercontinental Exchange by 5.4% during the 3rd quarter. Gryphon Financial Partners LLC now owns 2,949 shares of the financial services provider’s stock worth $448,000 after buying an additional 150 shares during the last quarter. Finally, AlphaCore Capital LLC lifted its stake in shares of Intercontinental Exchange by 9.8% in the 3rd quarter. AlphaCore Capital LLC now owns 76,950 shares of the financial services provider’s stock worth $11,699,000 after acquiring an additional 6,872 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intercontinental Exchange

In related news, CAO James Namkung sold 3,777 shares of the business’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $175.00, for a total transaction of $660,975.00. Following the sale, the chief accounting officer owned 10,325 shares of the company’s stock, valued at approximately $1,806,875. The trade was a 26.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Benjamin Jackson sold 400 shares of the company’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $177.90, for a total transaction of $71,160.00. Following the transaction, the president owned 156,532 shares in the company, valued at $27,847,042.80. The trade was a 0.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 45,466 shares of company stock valued at $7,493,200. 0.84% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on ICE shares. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, October 10th. Keefe, Bruyette & Woods boosted their price target on shares of Intercontinental Exchange from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, October 30th. Wells Fargo & Company increased their price target on shares of Intercontinental Exchange from $160.00 to $167.00 and gave the stock an “underweight” rating in a report on Friday, October 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $178.00 price objective (up from $169.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Finally, Bank of America lifted their price objective on Intercontinental Exchange from $232.00 to $236.00 and gave the company a “buy” rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.25.

Key Intercontinental Exchange News

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

• Positive Sentiment: ICE is expanding its energy markets with European wind futures, giving power-market participants a new way to hedge risks as renewable generation grows. The launch could broaden ICE’s product offering and create additional trading activity, though the financial impact was not specified. What Is Intercontinental Exchange (ICE) Betting On With New European Wind Futures?
• Positive Sentiment: Wall Street analysts remain moderately optimistic about ICE’s outlook despite the stock’s underperformance relative to the broader market over the past year. Intercontinental Exchange Stock: Analyst Estimates & Ratings
• Neutral Sentiment: The New York Stock Exchange, an ICE business, plans to use Avalanche blockchain exclusively to settle tokenized stocks on a forthcoming 24/7 trading platform. The initiative signals a push into digital-market infrastructure, but its eventual adoption and revenue contribution remain uncertain. NYSE to Settle Tokenized Stocks on Avalanche Blockchain
• Neutral Sentiment: ICE’s Mortgage Monitor reported that 2.4 million mortgage holders are “equity millionaires,” with home equity reaching a record in the third quarter. This highlights a strong housing-equity backdrop, but the report does not indicate a direct near-term effect on ICE’s results. ICE Mortgage Monitor: 2.4 Million Mortgage Holders Are Equity Millionaires as Q3 Home Equity Hits Record High
• Negative Sentiment: ICE’s president sold about $1.28 million in company shares, and its chief accounting officer sold about $661,000. Insider sales can weigh on sentiment, although the reports do not give a reason for the transactions. ICE President Sells Stock

Intercontinental Exchange Trading Up 1.2%

NYSE:ICE opened at $176.19 on Wednesday. The stock has a fifty day moving average price of $159.21 and a two-hundred day moving average price of $154.66. The stock has a market capitalization of $98.47 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 1.53 and a beta of 0.84. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.03 and a current ratio of 1.03. Intercontinental Exchange Inc. has a 1 year low of $121.79 and a 1 year high of $177.94.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, October 29th. The financial services provider reported $2.02 EPS for the quarter, topping the consensus estimate of $1.97 by $0.05. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $2.74 billion. Intercontinental Exchange had a net margin of 29.62% and a return on equity of 15.32%. The business’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.71 EPS. As a group, sell-side analysts anticipate that Intercontinental Exchange Inc. will post 8.21 earnings per share for the current fiscal year.

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.