Venture Visionary Partners LLC Increases Stake in Intercontinental Exchange Inc. $ICE

Venture Visionary Partners LLC raised its position in Intercontinental Exchange Inc. (NYSE:ICE) by 342.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,570 shares of the financial services provider’s stock after purchasing an additional 8,956 shares during the period. Venture Visionary Partners LLC’s holdings in Intercontinental Exchange were worth $1,874,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in Intercontinental Exchange by 5.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 191,658 shares of the financial services provider’s stock valued at $31,041,000 after purchasing an additional 10,742 shares in the last quarter. M&G PLC lifted its holdings in Intercontinental Exchange by 18.4% in the 3rd quarter. M&G PLC now owns 107,070 shares of the financial services provider’s stock valued at $17,988,000 after purchasing an additional 16,635 shares in the last quarter. Dover Advisors LLC purchased a new position in Intercontinental Exchange in the 3rd quarter valued at $710,000. Advisors Preferred LLC raised its holdings in shares of Intercontinental Exchange by 284.5% during the 3rd quarter. Advisors Preferred LLC now owns 43,645 shares of the financial services provider’s stock worth $7,098,000 after acquiring an additional 32,295 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Intercontinental Exchange by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 54,153,170 shares of the financial services provider’s stock worth $8,770,647,000 after acquiring an additional 413,639 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ICE. UBS Group reiterated a “buy” rating and set a $205.00 price target on shares of Intercontinental Exchange in a report on Wednesday, May 20th. Morgan Stanley lifted their price target on Intercontinental Exchange from $183.00 to $187.00 and gave the stock an “equal weight” rating in a report on Friday, April 10th. Rothschild & Co Redburn set a $177.00 price target on Intercontinental Exchange in a report on Thursday. Piper Sandler reiterated an “overweight” rating and set a $211.00 price target (up from $195.00) on shares of Intercontinental Exchange in a report on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.00.

Intercontinental Exchange Stock Down 0.5%

Shares of ICE opened at $139.87 on Tuesday. The firm has a market cap of $79.10 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 1.35 and a beta of 0.92. Intercontinental Exchange Inc. has a 12-month low of $136.67 and a 12-month high of $189.35. The company’s 50-day moving average price is $153.76 and its 200 day moving average price is $159.21. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.12. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $2.88 billion. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. Intercontinental Exchange’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.72 EPS. On average, sell-side analysts forecast that Intercontinental Exchange Inc. will post 8.16 earnings per share for the current year.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, Director Sharon Bowen sold 667 shares of Intercontinental Exchange stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $151.28, for a total value of $100,903.76. Following the completion of the transaction, the director directly owned 15,077 shares of the company’s stock, valued at $2,280,848.56. The trade was a 4.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Mayur Kapani sold 4,271 shares of Intercontinental Exchange stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $155.42, for a total value of $663,798.82. Following the completion of the transaction, the chief technology officer directly owned 64,869 shares of the company’s stock, valued at approximately $10,081,939.98. This represents a 6.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 12,092 shares of company stock valued at $1,860,424. 0.84% of the stock is owned by insiders.

Intercontinental Exchange Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.