19,151 Shares in Intercontinental Exchange Inc. $ICE Purchased by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC acquired a new position in Intercontinental Exchange Inc. (NYSE:ICE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,151 shares of the financial services provider’s stock, valued at approximately $2,358,000.

Other large investors also recently modified their holdings of the company. J. Stern & Co. LLP lifted its position in Intercontinental Exchange by 17,398.1% during the fourth quarter. J. Stern & Co. LLP now owns 54,107,273 shares of the financial services provider’s stock valued at $8,763,214,000 after purchasing an additional 53,798,055 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Intercontinental Exchange in the 2nd quarter worth approximately $6,245,085,000. State Street Corp increased its holdings in shares of Intercontinental Exchange by 3.4% during the fourth quarter. State Street Corp now owns 25,653,952 shares of the financial services provider’s stock valued at $4,154,914,000 after acquiring an additional 837,208 shares in the last quarter. Morgan Stanley raised its holdings in Intercontinental Exchange by 1.0% in the fourth quarter. Morgan Stanley now owns 15,875,593 shares of the financial services provider’s stock worth $2,571,212,000 after buying an additional 158,450 shares during the last quarter. Finally, Norges Bank bought a new position in Intercontinental Exchange in the 4th quarter valued at approximately $1,418,228,000. 89.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ICE has been the subject of several analyst reports. Weiss Ratings upgraded Intercontinental Exchange from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. UBS Group reissued a “buy” rating and issued a $195.00 price target (up from $190.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Raymond James Financial set a $208.00 price objective on shares of Intercontinental Exchange in a report on Monday, July 6th. Piper Sandler cut their price objective on Intercontinental Exchange from $211.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Finally, Morgan Stanley reduced their target price on Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and an average price target of $183.33.

Intercontinental Exchange Stock Up 0.8%

ICE stock opened at $162.46 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a 52 week low of $121.79 and a 52 week high of $177.76. The stock has a market capitalization of $91.20 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 1.57 and a beta of 0.92. The firm has a 50 day moving average of $144.90 and a 200 day moving average of $151.50.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $1.81 EPS. Sell-side analysts forecast that Intercontinental Exchange Inc. will post 8.1 earnings per share for the current year.

Insider Activity at Intercontinental Exchange

In other news, Director Martha A. Tirinnanzi sold 1,340 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $161.16, for a total value of $215,954.40. Following the transaction, the director owned 3,747 shares of the company’s stock, valued at $603,866.52. This represents a 26.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Mayur Kapani sold 4,271 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $151.20, for a total transaction of $645,775.20. Following the transaction, the chief technology officer directly owned 67,988 shares of the company’s stock, valued at approximately $10,279,785.60. This trade represents a 5.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 23,141 shares of company stock worth $3,554,192 in the last 90 days. 0.84% of the stock is owned by 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.