Intercontinental Exchange Inc. $ICE Shares Purchased by Thor Investment Management Inc. OH ADV

Thor Investment Management Inc. OH ADV grew its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 45.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 28,367 shares of the financial services provider’s stock after buying an additional 8,892 shares during the quarter. Intercontinental Exchange makes up approximately 2.5% of Thor Investment Management Inc. OH ADV’s portfolio, making the stock its 12th largest position. Thor Investment Management Inc. OH ADV’s holdings in Intercontinental Exchange were worth $4,313,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ICE. J. Stern & Co. LLP boosted its position in shares of Intercontinental Exchange by 17,398.1% in the fourth quarter. J. Stern & Co. LLP now owns 54,107,273 shares of the financial services provider’s stock valued at $8,763,214,000 after acquiring an additional 53,798,055 shares during the period. BlackRock Inc. bought a new position in Intercontinental Exchange during the second quarter worth about $6,245,085,000. State Street Corp increased its position in Intercontinental Exchange by 1.6% during the second quarter. State Street Corp now owns 25,966,680 shares of the financial services provider’s stock worth $3,196,758,000 after acquiring an additional 415,490 shares during the period. Wellington Management Group LLP increased its position in Intercontinental Exchange by 16.1% during the second quarter. Wellington Management Group LLP now owns 11,812,273 shares of the financial services provider’s stock worth $1,454,209,000 after acquiring an additional 1,634,385 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Intercontinental Exchange by 6.7% in the 4th quarter. Janus Henderson Group PLC now owns 6,549,596 shares of the financial services provider’s stock worth $1,055,312,000 after purchasing an additional 409,590 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of ICE stock traded down $1.11 on Tuesday, hitting $156.31. 3,190,983 shares of the company’s stock were exchanged, compared to its average volume of 3,792,214. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange Inc. has a 12 month low of $121.79 and a 12 month high of $176.05. The stock has a market cap of $87.75 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 1.48 and a beta of 0.94. The company has a 50 day moving average of $155.99 and a 200 day moving average of $150.76.

Intercontinental Exchange (NYSE:ICE) 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 return on equity of 14.95% and a net margin of 30.08%. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same period last year, the firm posted $1.81 earnings per share. Intercontinental Exchange’s revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts predict that Intercontinental Exchange Inc. will post 8.18 EPS for the current year.

Insider Activity at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 4,271 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $151.20, for a total transaction of $645,775.20. Following the completion of the transaction, the chief technology officer directly owned 67,988 shares of the company’s stock, valued at $10,279,785.60. This trade represents a 5.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Edmonds sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $160.59, for a total value 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 trade represents a 25.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 41,179 shares of company stock valued at $6,473,715 in the last quarter. Insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ICE. Piper Sandler reissued an “overweight” rating and issued a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a report on Friday, October 2nd. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $178.00 price objective (up from $169.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Morgan Stanley lifted their price objective on Intercontinental Exchange from $163.00 to $173.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Jefferies Financial Group cut their target price on Intercontinental Exchange from $189.00 to $185.00 in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average target price of $186.25.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc (NYSE:ICE) operates global exchanges, clearinghouses, data services and technology platforms. The company provides marketplaces and infrastructure that support the trading, clearing and management of risk across financial and commodity markets.

Its businesses include the New York Stock Exchange, ICE Futures exchanges and ICE Clear clearinghouses. ICE offers trading and clearing services for equities, equity options, interest rates, currencies, energy, agricultural commodities, metals and other contracts.