NBH Bank bought a new position in shares of Intercontinental Exchange Inc. (NYSE:ICE – Free Report) during the second quarter, Holdings Channel reports. The fund bought 6,103 shares of the financial services provider’s stock, valued at approximately $751,000.
Several other large investors have also recently modified their holdings of ICE. PNC Financial Services Group Inc. grew its position in shares of 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 buying an additional 10,742 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Intercontinental Exchange in the second quarter valued at about $6,245,085,000. USS Investment Management Ltd raised its position in shares of Intercontinental Exchange by 37.2% during the first quarter. USS Investment Management Ltd now owns 946,920 shares of the financial services provider’s stock worth $148,960,000 after acquiring an additional 256,851 shares during the last quarter. Walter Public Investments Inc. raised its position in shares of Intercontinental Exchange by 13.8% during the fourth quarter. Walter Public Investments Inc. now owns 124,993 shares of the financial services provider’s stock worth $20,244,000 after acquiring an additional 15,129 shares during the last quarter. Finally, Nicholas Company Inc. lifted its stake in shares of Intercontinental Exchange by 10.1% in the fourth quarter. Nicholas Company Inc. now owns 437,155 shares of the financial services provider’s stock worth $70,802,000 after acquiring an additional 40,240 shares during the period. Institutional investors own 89.30% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently commented on ICE. UBS Group reiterated a “buy” rating and issued a $195.00 target price (up from $190.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $178.00 price target on shares of Intercontinental Exchange in a research report on Friday, July 31st. Barclays reaffirmed an “overweight” rating and issued a $182.00 price objective (up from $180.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Morgan Stanley decreased their price objective on shares of Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $218.00 target price on shares of Intercontinental Exchange in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $184.17.
Insiders Place Their Bets
In other news, insider Christopher Edmonds sold 5,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $160.59, for a total transaction of $802,950.00. Following the transaction, the insider owned 14,367 shares of the company’s stock, valued at $2,307,196.53. This represents a 25.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 4,574 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $161.77, for a total value of $739,935.98. Following the completion of the sale, the general counsel directly owned 43,065 shares of the company’s stock, valued at $6,966,625.05. The trade was a 9.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 41,003 shares of company stock valued at $6,416,219. 0.84% of the stock is currently owned by corporate insiders.
Intercontinental Exchange News Summary
Here are the key news stories impacting Intercontinental Exchange this week:
- Positive Sentiment: Trading activity strengthened: ICE reported a 14% year-over-year increase in average daily volume during August 2026. Higher volumes can support transaction-based revenue across its exchanges and clearing operations. Intercontinental Exchange’s daily volume up 14% Y/Y in August
- Positive Sentiment: Data-services offering expanded: ICE added Parameta Solutions’ over-the-counter pricing to its consolidated feed, which incorporates data from approximately 600 sources. The initiative could improve ICE’s information-services offering and support recurring revenue. ICE Adds Parameta’s OTC Prices to Its 600-Source Consolidated Feed
- Positive Sentiment: International collaboration: The New York Stock Exchange and Korea Exchange agreed to collaborate, potentially supporting cross-market connectivity and future product development. New York Stock Exchange and Korea Exchange to collaborate
- Neutral Sentiment: Relative-performance concerns: A market commentary examined whether ICE is underperforming the Dow, which may be prompting investors to reassess the stock’s valuation and near-term momentum. Is Intercontinental Exchange Stock Underperforming the Dow?
- Negative Sentiment: Insider selling added pressure: President Benjamin Jackson and insider Christopher Edmonds sold a combined 17,862 shares for approximately $2.86 million. Although both retained substantial holdings, the transactions may weigh on sentiment. Insider Selling at Intercontinental Exchange
- Negative Sentiment: Investor concerns remain: A Meridian Hedged Equity Fund letter highlighted pressures affecting ICE during the second quarter, including the market environment surrounding geopolitical tensions and falling crude-oil prices. Here’s What Pressured Intercontinental Exchange
Intercontinental Exchange Price Performance
Shares of ICE opened at $161.34 on Friday. The firm has a market cap of $90.57 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 1.60 and a beta of 0.93. Intercontinental Exchange Inc. has a 52-week low of $121.79 and a 52-week high of $176.59. The business’s 50 day moving average price is $148.11 and its two-hundred day moving average price is $151.61. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01.
Intercontinental Exchange (NYSE:ICE – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the previous year, the business posted $1.81 EPS. Intercontinental Exchange’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities analysts anticipate that Intercontinental Exchange Inc. will post 8.1 EPS for the current year.
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.
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