Great Lakes Advisors LLC Has $137.44 Million Stock Holdings in Intercontinental Exchange Inc. $ICE

Great Lakes Advisors LLC cut its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 815,772 shares of the financial services provider’s stock after selling 10,035 shares during the quarter. Intercontinental Exchange comprises about 1.1% of Great Lakes Advisors LLC’s holdings, making the stock its 20th largest position. Great Lakes Advisors LLC’s holdings in Intercontinental Exchange were worth $137,442,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ICE. Dynasty Wealth Management LLC bought a new stake in shares of Intercontinental Exchange in the third quarter worth $897,000. Fifth Third Wealth Advisors LLC lifted its holdings in Intercontinental Exchange by 37.7% in the third quarter. Fifth Third Wealth Advisors LLC now owns 11,920 shares of the financial services provider’s stock valued at $2,008,000 after acquiring an additional 3,261 shares during the period. Eastern Bank boosted its position in Intercontinental Exchange by 14.6% in the third quarter. Eastern Bank now owns 203,731 shares of the financial services provider’s stock worth $34,325,000 after purchasing an additional 25,980 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its stake in shares of Intercontinental Exchange by 1.6% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 831,758 shares of the financial services provider’s stock valued at $152,603,000 after purchasing an additional 13,497 shares during the period. Finally, Gateway Investment Advisers LLC increased its position in shares of Intercontinental Exchange by 3.0% during the 3rd quarter. Gateway Investment Advisers LLC now owns 273,010 shares of the financial services provider’s stock valued at $45,997,000 after purchasing an additional 8,006 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ICE shares. Raymond James Financial reissued a “strong-buy” rating and issued a $211.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 6th. TD Cowen reiterated a “buy” rating on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. Morgan Stanley set a $180.00 price objective on Intercontinental Exchange and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercontinental Exchange in a report on Monday, December 29th. Finally, UBS Group reiterated a “buy” rating on shares of Intercontinental Exchange in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Intercontinental Exchange has an average rating of “Buy” and a consensus target price of $193.50.

Insider Activity

In related news, CFO Warren Gardiner sold 1,572 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $153.65, for a total transaction of $241,537.80. Following the sale, the chief financial officer owned 20,534 shares of the company’s stock, valued at approximately $3,155,049.10. This trade represents a 7.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Mayur Kapani sold 5,345 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $156.67, for a total value of $837,401.15. Following the completion of the transaction, the chief technology officer directly owned 65,240 shares in the company, valued at approximately $10,221,150.80. This represents a 7.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 166,068 shares of company stock valued at $25,470,702 in the last three months. 1.00% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE opened at $172.40 on Thursday. The stock has a market cap of $98.30 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03. Intercontinental Exchange Inc. has a 1 year low of $143.17 and a 1 year high of $189.35. The firm has a fifty day moving average price of $163.18 and a 200-day moving average price of $166.98. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01.

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

Intercontinental Exchange 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.