Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. increased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,379 shares of the financial services provider’s stock after purchasing an additional 144 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Intercontinental Exchange were worth $1,828,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Intercontinental Exchange by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider’s stock worth $6,978,218,000 after purchasing an additional 3,536,913 shares in the last quarter. Wellington Management Group LLP increased its position in Intercontinental Exchange by 35.0% during the 4th quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock worth $2,105,994,000 after purchasing an additional 4,251,371 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Intercontinental Exchange by 4.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,280,194 shares of the financial services provider’s stock worth $725,657,000 after acquiring an additional 218,516 shares during the period. Mawer Investment Management Ltd. boosted its holdings in Intercontinental Exchange by 0.6% in the 1st quarter. Mawer Investment Management Ltd. now owns 4,696,457 shares of the financial services provider’s stock worth $645,434,000 after acquiring an additional 28,771 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Intercontinental Exchange by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 4,453,286 shares of the financial services provider’s stock worth $609,609,000 after acquiring an additional 191,763 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

NYSE ICE traded up $1.57 during trading hours on Tuesday, hitting $161.11. The company had a trading volume of 431,639 shares, compared to its average volume of 2,485,683. Intercontinental Exchange, Inc. has a fifty-two week low of $104.49 and a fifty-two week high of $164.18. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $158.32 and a 200-day simple moving average of $144.63. The firm has a market cap of $92.41 billion, a P/E ratio of 37.03, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period last year, the company earned $1.43 earnings per share. Equities analysts predict that Intercontinental Exchange, Inc. will post 6.04 EPS for the current year.

Insider Activity

In other news, insider Christopher Scott Edmonds sold 1,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $148.60, for a total transaction of $148,600.00. Following the transaction, the insider now directly owns 14,636 shares of the company’s stock, valued at approximately $2,174,909.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the transaction, the general counsel now owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christopher Scott Edmonds sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total value of $148,600.00. Following the transaction, the insider now directly owns 14,636 shares of the company’s stock, valued at $2,174,909.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,532 shares of company stock valued at $1,507,309. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Raymond James upped their price target on Intercontinental Exchange from $174.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Friday. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Friday. JPMorgan Chase & Co. increased their target price on Intercontinental Exchange from $151.00 to $171.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. TD Cowen assumed coverage on Intercontinental Exchange in a research note on Thursday, September 26th. They set a “buy” rating and a $182.00 target price for the company. Finally, StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average price target of $170.67.

About Intercontinental Exchange

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.