Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Eastern Bank

Eastern Bank grew its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 5,659.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,610 shares of the financial services provider’s stock after buying an additional 88,054 shares during the period. Eastern Bank’s holdings in Intercontinental Exchange were worth $14,395,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of ICE. Fisher Asset Management LLC acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $317,000. Ballentine Partners LLC raised its position in shares of Intercontinental Exchange by 9.0% in the first quarter. Ballentine Partners LLC now owns 4,835 shares of the financial services provider’s stock valued at $664,000 after buying an additional 399 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Intercontinental Exchange in the first quarter valued at about $8,496,000. DLK Investment Management LLC increased its position in Intercontinental Exchange by 0.4% during the first quarter. DLK Investment Management LLC now owns 50,859 shares of the financial services provider’s stock worth $6,990,000 after purchasing an additional 194 shares during the last quarter. Finally, Chemistry Wealth Management LLC increased its position in Intercontinental Exchange by 3.7% during the first quarter. Chemistry Wealth Management LLC now owns 7,790 shares of the financial services provider’s stock worth $1,071,000 after purchasing an additional 277 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Down 0.2 %

Shares of NYSE ICE traded down $0.30 during midday trading on Tuesday, hitting $166.04. The company’s stock had a trading volume of 801,403 shares, compared to its average volume of 2,473,830. The business’s fifty day simple moving average is $160.80 and its two-hundred day simple moving average is $146.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a 1 year low of $104.49 and a 1 year high of $167.23. The firm has a market capitalization of $95.24 billion, a price-to-earnings ratio of 38.16, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. On average, equities analysts predict that Intercontinental Exchange, Inc. will post 6.08 EPS for the current year.

Insider Buying and Selling

In related news, CAO James W. Namkung sold 1,043 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total value of $156,450.00. Following the completion of the transaction, the chief accounting officer now owns 17,836 shares in the company, valued at $2,675,400. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the transaction, the general counsel now owns 44,865 shares in the company, valued at $7,159,108.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO James W. Namkung sold 1,043 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total transaction of $156,450.00. Following the completion of the transaction, the chief accounting officer now owns 17,836 shares of the company’s stock, valued at $2,675,400. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,532 shares of company stock worth $1,358,709 over the last 90 days. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ICE shares. Keefe, Bruyette & Woods restated an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. StockNews.com cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Citigroup raised their price objective on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Finally, TD Cowen initiated coverage on shares of Intercontinental Exchange in a research report on Thursday, September 26th. They set a “buy” rating and a $182.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $172.80.

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.