Great Lakes Advisors LLC Sells 10,035 Shares of Intercontinental Exchange Inc. $ICE

Great Lakes Advisors LLC lessened its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 1.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 815,772 shares of the financial services provider’s stock after selling 10,035 shares during the period. Intercontinental Exchange makes up approximately 1.1% of Great Lakes Advisors LLC’s holdings, making the stock its 20th largest position. Great Lakes Advisors LLC owned 0.14% of Intercontinental Exchange worth $137,442,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Intercontinental Exchange by 1.4% in the second quarter. Vanguard Group Inc. now owns 53,685,491 shares of the financial services provider’s stock valued at $9,849,677,000 after acquiring an additional 745,135 shares during the period. Geode Capital Management LLC increased its position in Intercontinental Exchange by 1.2% during the second quarter. Geode Capital Management LLC now owns 12,438,154 shares of the financial services provider’s stock worth $2,270,657,000 after acquiring an additional 145,961 shares during the period. Norges Bank acquired a new position in Intercontinental Exchange during the 2nd quarter valued at $1,542,780,000. Sands Capital Management LLC boosted its holdings in Intercontinental Exchange by 97.3% in the 2nd quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider’s stock valued at $974,783,000 after purchasing an additional 2,620,310 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Intercontinental Exchange by 4.1% in the 2nd quarter. Legal & General Group Plc now owns 3,510,634 shares of the financial services provider’s stock valued at $644,096,000 after purchasing an additional 137,685 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ICE shares. Raymond James Financial reaffirmed a “strong-buy” rating and set a $211.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $180.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 6th. TD Cowen restated a “buy” rating on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. Piper Sandler restated an “overweight” rating and issued a $195.00 price target (down from $202.00) on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. Finally, Wall Street Zen lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Saturday, January 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $193.50.

Intercontinental Exchange Trading Down 0.5%

Shares of Intercontinental Exchange stock opened at $172.40 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $163.18 and its 200-day moving average is $166.98. Intercontinental Exchange Inc. has a 12-month low of $143.17 and a 12-month high of $189.35. The stock has a market cap of $98.30 billion, a P/E ratio of 31.40, a P/E/G ratio of 2.14 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.71. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.The business’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm posted $1.55 earnings per share. Equities research analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Douglas Foley sold 1,600 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $163.20, for a total transaction of $261,120.00. Following the completion of the sale, the senior vice president owned 24,196 shares of the company’s stock, valued at approximately $3,948,787.20. This represents a 6.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Judith A. Sprieser sold 3,700 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $157.96, for a total value of $584,452.00. Following the completion of the sale, the director directly owned 14,469 shares in the company, valued at $2,285,523.24. This trade represents a 20.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 166,068 shares of company stock valued at $25,470,702 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

About Intercontinental Exchange

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.