3,392 Shares in Intercontinental Exchange Inc. $ICE Purchased by Sage Rhino Capital LLC

Sage Rhino Capital LLC acquired a new position in shares of Intercontinental Exchange Inc. (NYSE:ICE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,392 shares of the financial services provider’s stock, valued at approximately $516,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ICE. Rakuten Securities Inc. bought a new stake in Intercontinental Exchange during the second quarter worth about $26,000. Gables Capital Management Inc. bought a new position in Intercontinental Exchange in the 2nd quarter valued at about $31,000. James T. Borello RIA raised its position in shares of Intercontinental Exchange by 143.0% in the 3rd quarter. James T. Borello RIA now owns 209 shares of the financial services provider’s stock valued at $32,000 after buying an additional 123 shares in the last quarter. Fiduciary Financial Advisors acquired a new position in shares of Intercontinental Exchange in the 2nd quarter valued at approximately $33,000. Finally, Clearstead Trust LLC acquired a new position in shares of Intercontinental Exchange in the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 12,862 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $160.09, for a total value of $2,059,077.58. Following the sale, the president owned 164,264 shares in the company, valued at $26,297,023.76. This trade represents a 7.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Martha A. Tirinnanzi sold 1,340 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $161.16, for a total transaction of $215,954.40. Following the completion of the sale, the director owned 3,747 shares in the company, valued at $603,866.52. This represents a 26.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 41,179 shares of company stock worth $6,473,715 in the last ninety days. Insiders own 0.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ICE. Weiss Ratings upgraded shares of Intercontinental Exchange from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 21st. Piper Sandler restated an “overweight” rating and set a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a research report on Friday, October 2nd. Argus cut their target price 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. TD Cowen upped their target price on Intercontinental Exchange from $166.00 to $167.00 and gave the stock a “hold” rating in a research note on Monday, October 12th. Finally, Bank of America raised their target price on Intercontinental Exchange from $232.00 to $236.00 and gave the company a “buy” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $186.31.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock opened at $163.30 on Friday. Intercontinental Exchange Inc. has a 12-month low of $121.79 and a 12-month high of $176.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $157.36 and its two-hundred day moving average price is $154.59. The stock has a market cap of $91.67 billion, a PE ratio of 23.06, a P/E/G ratio of 1.44 and a beta of 0.94.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 29th. The financial services provider reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.05. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter in the prior year, the business earned $1.71 earnings per share. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, analysts expect that Intercontinental Exchange Inc. will post 8.20 earnings per share for the current fiscal year.

Intercontinental Exchange News Roundup

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

• Positive Sentiment: Q3 earnings beat expectations: ICE reported adjusted earnings of $2.02 per share, above the $1.97 consensus estimate and up from $1.71 a year earlier. Revenue rose 14.7% year over year to $3.63 billion, supported by strong exchange trading and data performance. IntercontinentalExchange Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Trading activity and recurring revenue improved: Exchange trading revenue reportedly jumped 28%, while growth in market data and other recurring businesses supported management’s outlook for higher recurring revenue. The results indicate that elevated market activity is benefiting ICE’s exchanges and information-services businesses. Intercontinental Q3 Earnings Beat on Exchanges and Data Growth
• Positive Sentiment: MarketAxess acquisition advanced: ICE received early clearance under the Hart-Scott-Rodino Act for its planned acquisition of MarketAxess, potentially accelerating the transaction and expanding ICE’s electronic fixed-income trading capabilities. ICE Reports Third Quarter Results and Early HSR Clearance
• Positive Sentiment: New perpetual-futures opportunity: ICE and Trade[XYZ] plan to bring Hyperliquid-linked perpetual markets onshore in the U.S. for regulated, around-the-clock trading. The initiative could create a new growth channel in digital-asset derivatives, although it remains subject to regulatory and execution risks. ICE to Bring TradeXYZ Perpetual Markets Onshore
• Positive Sentiment: Dividend increased: ICE approved a quarterly dividend of $0.52 per share, up 8% from the prior-year quarter, payable December 31, 2026. ICE Approves Fourth-Quarter Dividend
• Neutral Sentiment: Management pushed back on spinoff speculation involving the mortgage business, suggesting ICE will continue addressing challenges within the existing corporate structure. ICE Executives Address Spinoff Speculation
• Negative Sentiment: Questions surrounding mortgage-market weakness and objections to certain tokenized-stock initiatives remain potential overhangs, though they were outweighed by the earnings and strategic announcements. Objections to Tokenized Stock Venue

About Intercontinental Exchange

Intercontinental Exchange, Inc (NYSE:ICE) is a global operator of exchanges, clearinghouses, data services and technology platforms. The company owns and operates the New York Stock Exchange and other exchanges serving equity, options, futures and over-the-counter markets. Its marketplaces support trading in areas including energy, agricultural commodities, interest rates, currencies, equity indexes and individual stocks.

ICE also provides clearing and settlement services that help manage counterparty and transaction risk, along with market data, analytics, connectivity and other technology solutions for financial institutions and businesses.