GenTrust LLC Acquires Shares of 1,465 Intercontinental Exchange, Inc. (NYSE:ICE)

GenTrust LLC acquired a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) during the third quarter, HoldingsChannel reports. The fund acquired 1,465 shares of the financial services provider’s stock, valued at approximately $235,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Manning & Napier Advisors LLC bought a new position in shares of Intercontinental Exchange during the second quarter worth $124,508,000. Janus Henderson Group PLC lifted its position in Intercontinental Exchange by 589.4% in the 1st quarter. Janus Henderson Group PLC now owns 804,507 shares of the financial services provider’s stock valued at $110,559,000 after acquiring an additional 687,817 shares in the last quarter. James Hambro & Partners bought a new stake in Intercontinental Exchange in the 2nd quarter valued at $93,340,000. Assenagon Asset Management S.A. lifted its position in Intercontinental Exchange by 426.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 721,474 shares of the financial services provider’s stock valued at $115,898,000 after acquiring an additional 584,400 shares in the last quarter. Finally, Samlyn Capital LLC lifted its position in Intercontinental Exchange by 142.2% in the 2nd quarter. Samlyn Capital LLC now owns 835,654 shares of the financial services provider’s stock valued at $114,393,000 after acquiring an additional 490,671 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ICE. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Piper Sandler lifted their price target on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. TD Cowen assumed coverage on shares of Intercontinental Exchange in a research note on Thursday, September 26th. They issued a “buy” rating and a $182.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Barclays lowered their price objective on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus price target of $174.13.

Insider Transactions at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were 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 directly owns 44,865 shares in the company, valued at $7,159,108.05. This represents a 4.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Judith A. Sprieser sold 1,941 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $160.69, for a total transaction of $311,899.29. Following the transaction, the director now owns 26,908 shares of the company’s stock, valued at approximately $4,323,846.52. This represents a 6.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,809 shares of company stock valued at $933,978. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Up 0.6 %

Shares of ICE opened at $159.29 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $91.46 billion, a P/E ratio of 37.75, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08. Intercontinental Exchange, Inc. has a 52 week low of $111.82 and a 52 week high of $167.99. The firm’s 50-day simple moving average is $160.64 and its 200 day simple moving average is $151.04.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the firm posted $1.46 EPS. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. On average, analysts forecast that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Intercontinental Exchange Company Profile

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.