9,520 Intercontinental Exchange Inc. $ICE Shares Purchased by Lido Advisors LLC

Lido Advisors LLC lifted its position in Intercontinental Exchange Inc. (NYSE:ICE) by 7.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,557 shares of the financial services provider’s stock after purchasing an additional 9,520 shares during the period. Lido Advisors LLC’s holdings in Intercontinental Exchange were worth $20,153,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Intercontinental Exchange during the 2nd quarter worth $6,245,085,000. State Street Corp lifted its stake in shares of Intercontinental Exchange by 1.6% during the 2nd quarter. State Street Corp now owns 25,966,680 shares of the financial services provider’s stock worth $3,196,758,000 after purchasing an additional 415,490 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Intercontinental Exchange by 16.1% during the 2nd quarter. Wellington Management Group LLP now owns 11,812,273 shares of the financial services provider’s stock worth $1,454,209,000 after purchasing an additional 1,634,385 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Intercontinental Exchange during the second quarter valued at about $714,869,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Intercontinental Exchange by 1.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,298,162 shares of the financial services provider’s stock valued at $652,257,000 after purchasing an additional 52,910 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Activity

In other Intercontinental Exchange news, insider Christopher Edmonds sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $160.59, for a total transaction of $802,950.00. Following the sale, the insider owned 14,367 shares of the company’s stock, valued at approximately $2,307,196.53. The trade was a 25.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Benjamin Jackson sold 12,862 shares of the company’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 transaction of $2,059,077.58. Following the transaction, the president owned 164,264 shares in the company, valued at $26,297,023.76. The trade was a 7.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 45,325 shares of company stock valued at $7,471,345. 0.84% of the stock is owned by company insiders.

Intercontinental Exchange Stock Up 2.3%

Shares of ICE stock opened at $180.45 on Thursday. The stock’s fifty day moving average price is $159.63 and its 200 day moving average price is $154.70. Intercontinental Exchange Inc. has a 1-year low of $121.79 and a 1-year high of $180.71. The company has a market cap of $100.84 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 1.55 and a beta of 0.84. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.03 and a quick ratio of 1.03.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, October 29th. The financial services provider reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.05. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Intercontinental Exchange had a return on equity of 15.32% and a net margin of 29.62%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the business posted $1.71 earnings per share. On average, research analysts expect that Intercontinental Exchange Inc. will post 8.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on ICE shares. Bank of America lifted their target price on Intercontinental Exchange from $232.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. Wall Street Zen upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, October 10th. Argus cut their price objective on shares of Intercontinental Exchange from $190.00 to $187.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Rothschild & Co Redburn boosted their price objective on shares of Intercontinental Exchange from $173.00 to $181.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Intercontinental Exchange from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Intercontinental Exchange has an average rating of “Moderate Buy” and an average target price of $189.25.

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.