Pitcairn Co. Sells 3,806 Shares of Intercontinental Exchange Inc. $ICE

Pitcairn Co. lessened its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 31.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,467 shares of the financial services provider’s stock after selling 3,806 shares during the quarter. Pitcairn Co.’s holdings in Intercontinental Exchange were worth $1,427,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Knuff & Co LLC raised its position in Intercontinental Exchange by 73.3% during the second quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 74 shares in the last quarter. Private Wealth Management Group LLC grew its position in shares of Intercontinental Exchange by 59.5% in the 3rd quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 66 shares during the period. Caitlin John LLC bought a new position in shares of Intercontinental Exchange in the 3rd quarter valued at about $32,000. Capital A Wealth Management LLC increased its stake in shares of Intercontinental Exchange by 26,000.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 261 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 260 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its stake in shares of Intercontinental Exchange by 128.6% during the 3rd quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 153 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ICE shares. UBS Group reiterated a “buy” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Monday, February 9th. TD Cowen reissued a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Deutsche Bank Aktiengesellschaft raised Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a research report on Friday. Finally, Morgan Stanley set a $183.00 target price on Intercontinental Exchange and gave the stock an “equal weight” rating in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $194.73.

Insiders Place Their Bets

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 4,571 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $162.00, for a total value of $740,502.00. Following the completion of the sale, the general counsel owned 48,181 shares in the company, valued at $7,805,322. The trade was a 8.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Benjamin Jackson sold 3,865 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $153.73, for a total transaction of $594,166.45. Following the completion of the sale, the president directly owned 165,304 shares of the company’s stock, valued at $25,412,183.92. This represents a 2.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 355,363 shares of company stock worth $55,295,152 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Stock Up 1.2%

Shares of ICE opened at $166.00 on Friday. The firm has a market cap of $94.27 billion, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 1.71 and a beta of 1.03. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02. Intercontinental Exchange Inc. has a 52 week low of $143.17 and a 52 week high of $189.35. The firm’s 50-day simple moving average is $164.74 and its 200 day simple moving average is $163.01.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. On average, analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be paid a $0.52 dividend. The ex-dividend date is Wednesday, December 16th. This represents a $2.08 annualized dividend and a yield of 1.3%. Intercontinental Exchange’s payout ratio is 33.28%.

More Intercontinental Exchange News

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

• Positive Sentiment: ICE made a minority investment in OKX (implied OKX valuation $25B), secured a board seat and outlined plans to bring NYSE-linked tokenized equities, license OKX spot crypto price data for U.S. futures, and expand tokenized markets — a strategic push into blockchain-driven product revenue and distribution. NYSE Owner Invests in Crypto Exchange OKX (Reuters)
• Positive Sentiment: Deutsche Bank upgraded ICE from “hold” to “buy” with a $188 price target (~13% upside to current levels), giving the stock an analyst-driven catalyst that can support further buying interest. Deutsche Bank Upgrades ICE (StreetInsider)
• Positive Sentiment: Market reaction: OKB and other related tokens jumped sharply after the announcement, signaling enthusiastic crypto-market response that can boost sentiment around ICE’s on-chain strategy. OKB surges 41% after ICE investment (MSN)
• Neutral Sentiment: Analyst coverage/notes: Argus and other research outlets published takes on ICE this morning — useful context for earnings and valuation comparisons but not single-handedly market-moving. Analyst Report: Intercontinental Exchange Inc (Argus via Yahoo)
• Negative Sentiment: Regulatory and valuation scrutiny: coverage highlights concerns about ICE’s moves into prediction markets, tokenized securities and whether current multiples are justified by near-term earnings growth — a potential headwind if regulators or investors push back. ICE Faces Scrutiny Over Prediction Markets (Yahoo)
• Negative Sentiment: Valuation caution from independent commentary: pieces note that ICE’s current multiples may outpace its earnings growth, underscoring execution risk and the possibility of multiple compression if growth disappoints. ICE: Multiples Outpace Earnings Growth (Seeking Alpha)

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.