Intercontinental Exchange Inc. $ICE Stock: HF Advisory Group LLC Increases Position

HF Advisory Group LLC boosted its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 147.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,384 shares of the financial services provider’s stock after purchasing an additional 9,169 shares during the period. HF Advisory Group LLC’s holdings in Intercontinental Exchange were worth $2,339,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Gilpin Wealth Management LLC lifted its position in shares of Intercontinental Exchange by 6.3% during the 3rd quarter. Gilpin Wealth Management LLC now owns 1,118 shares of the financial services provider’s stock valued at $170,000 after buying an additional 66 shares during the last quarter. Mirador Capital Partners LP grew its position in shares of Intercontinental Exchange by 3.2% during the 3rd quarter. Mirador Capital Partners LP now owns 36,449 shares of the financial services provider’s stock valued at $5,541,000 after purchasing an additional 1,119 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Intercontinental Exchange by 12.9% during the third quarter. Wedmont Private Capital now owns 7,524 shares of the financial services provider’s stock worth $1,169,000 after purchasing an additional 861 shares in the last quarter. GAMMA Investing LLC increased its stake in Intercontinental Exchange by 15.3% in the third quarter. GAMMA Investing LLC now owns 17,187 shares of the financial services provider’s stock valued at $2,613,000 after acquiring an additional 2,275 shares during the last quarter. Finally, Grove Bank & Trust increased its position in shares of Intercontinental Exchange by 3.4% during the 3rd quarter. Grove Bank & Trust now owns 8,433 shares of the financial services provider’s stock valued at $1,282,000 after purchasing an additional 277 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling

In other news, CTO Mayur Kapani sold 4,271 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, August 12th. The shares were 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 in the company, valued at approximately $10,279,785.60. This trade represents a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Douglas Foley sold 7,300 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $148.88, for a total value of $1,086,824.00. Following the completion of the sale, the senior vice president directly owned 19,063 shares in the company, valued at approximately $2,838,099.44. This represents a 27.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 41,179 shares of company stock worth $6,473,715 over the last quarter. Company insiders own 0.84% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $156.03 on Friday. The stock has a fifty day moving average of $155.74 and a 200 day moving average of $150.80. Intercontinental Exchange Inc. has a 52 week low of $121.79 and a 52 week high of $176.05. The firm has a market capitalization of $87.59 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 1.48 and a beta of 0.94. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, topping 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 firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same period last year, the company posted $1.81 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, research analysts expect that Intercontinental Exchange Inc. will post 8.15 earnings per share for the current year.

Key Headlines Impacting Intercontinental Exchange

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

• Positive Sentiment: ICE’s solid results and robust trading activity are reinforcing confidence in its earnings outlook and diversified exchange, data and clearing businesses. Solid Results and Robust Trading Activity Strengthen Intercontinental Exchange
• Positive Sentiment: Morgan Stanley raised its ICE price target from $163 to $173 while maintaining an “equal weight” rating, signaling improved valuation potential despite a neutral overall stance.
• Positive Sentiment: ICE is seeking SEC approval for round-the-clock tokenized stock trading. Approval could create a new growth avenue by extending market access and trading hours, although the proposal remains subject to regulatory review. ICE Seeks SEC Approval for 24/7 Tokenized Stock Trading
• Positive Sentiment: Blockchain network SEI’s integration with ICE ETF Hub could broaden the platform’s digital-asset and ETF infrastructure capabilities. SEI Integrates with ICE ETF Hub
• Neutral Sentiment: Jefferies lowered its price target from $189 to $185 but still sees substantial upside from current levels, making the revision a modestly cautious signal rather than a bearish call.
• Neutral Sentiment: Analyst coverage describes ICE as potentially near fair value following its tokenized-trading filing, suggesting that much of the opportunity may already be reflected in the valuation. ICE Stock May Be Near Fair Value on Tokenized Trading Filing
• Neutral Sentiment: Reports on prediction-market ETFs and Nasdaq’s performance provide industry context but do not represent direct changes to ICE’s operations or guidance.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Barclays reissued an “overweight” rating and issued a $189.00 price target (up from $182.00) on shares of Intercontinental Exchange in a research note on Wednesday. Argus lowered their price objective on Intercontinental Exchange from $190.00 to $187.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Bank of America increased their price objective on Intercontinental Exchange from $232.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. Rothschild & Co Redburn lifted their target price 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, TD Cowen lowered shares of Intercontinental Exchange from a “buy” rating to a “hold” rating and lowered their price target for the company from $177.00 to $166.00 in a report on Monday. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $187.88.

Intercontinental Exchange 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.