Intercontinental Exchange Inc. $ICE Stock Acquired by HF Advisory Group LLC

HF Advisory Group LLC grew its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 147.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,384 shares of the financial services provider’s stock after buying an additional 9,169 shares during the quarter. HF Advisory Group LLC’s holdings in Intercontinental Exchange were worth $2,339,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gilpin Wealth Management LLC raised its stake in shares of Intercontinental Exchange by 6.3% in the third quarter. Gilpin Wealth Management LLC now owns 1,118 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 66 shares during the last quarter. Mirador Capital Partners LP lifted its holdings in shares of Intercontinental Exchange by 3.2% during the third quarter. Mirador Capital Partners LP now owns 36,449 shares of the financial services provider’s stock valued at $5,541,000 after purchasing an additional 1,119 shares in the last quarter. Wedmont Private Capital boosted its position in shares of Intercontinental Exchange by 12.9% during the third quarter. Wedmont Private Capital now owns 7,524 shares of the financial services provider’s stock valued at $1,169,000 after buying an additional 861 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Intercontinental Exchange by 15.3% during the third quarter. GAMMA Investing LLC now owns 17,187 shares of the financial services provider’s stock valued at $2,613,000 after buying an additional 2,275 shares during the last quarter. Finally, Grove Bank & Trust increased its holdings in Intercontinental Exchange by 3.4% in the 3rd quarter. Grove Bank & Trust now owns 8,433 shares of the financial services provider’s stock worth $1,282,000 after buying an additional 277 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $156.03 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. The stock has a market capitalization of $87.59 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 1.48 and a beta of 0.94. The firm’s 50 day moving average price is $155.74 and its 200-day moving average price is $150.80. Intercontinental Exchange Inc. has a twelve month low of $121.79 and a twelve month high of $176.05.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.06. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same period in the previous year, the business posted $1.81 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities research analysts expect that Intercontinental Exchange Inc. will post 8.15 EPS for the current year.

Insider Activity at Intercontinental Exchange

In other news, SVP Douglas Foley sold 1,600 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $160.00, for a total transaction of $256,000.00. Following the sale, the senior vice president directly owned 15,863 shares in the company, valued at $2,538,080. This trade represents a 9.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Martha Tirinnanzi sold 1,340 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $161.16, for a total transaction of $215,954.40. Following the sale, the director owned 3,747 shares in the company, valued at approximately $603,866.52. The trade was a 26.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 41,179 shares of company stock worth $6,473,715 in the last 90 days. Insiders own 0.84% of the company’s stock.

Trending Headlines about Intercontinental Exchange

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

• Positive Sentiment: ICE’s solid results and robust trading activity are reinforcing confidence in its earnings outlook and diversified exchange, data and clearing businesses. Solid Results and Robust Trading Activity Strengthen Intercontinental Exchange
• Positive Sentiment: Morgan Stanley raised its ICE price target from $163 to $173 while maintaining an “equal weight” rating, signaling improved valuation potential despite a neutral overall stance.
• Positive Sentiment: ICE is seeking SEC approval for round-the-clock tokenized stock trading. Approval could create a new growth avenue by extending market access and trading hours, although the proposal remains subject to regulatory review. ICE Seeks SEC Approval for 24/7 Tokenized Stock Trading
• Positive Sentiment: Blockchain network SEI’s integration with ICE ETF Hub could broaden the platform’s digital-asset and ETF infrastructure capabilities. SEI Integrates with ICE ETF Hub
• Neutral Sentiment: Jefferies lowered its price target from $189 to $185 but still sees substantial upside from current levels, making the revision a modestly cautious signal rather than a bearish call.
• Neutral Sentiment: Analyst coverage describes ICE as potentially near fair value following its tokenized-trading filing, suggesting that much of the opportunity may already be reflected in the valuation. ICE Stock May Be Near Fair Value on Tokenized Trading Filing
• Neutral Sentiment: Reports on prediction-market ETFs and Nasdaq’s performance provide industry context but do not represent direct changes to ICE’s operations or guidance.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ICE. UBS Group restated a “buy” rating and set a $195.00 target price (up from $190.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. TD Cowen lowered shares of Intercontinental Exchange from a “buy” rating to a “hold” rating and reduced their price target for the stock from $177.00 to $166.00 in a research note on Monday. Argus decreased their price objective on shares of Intercontinental Exchange from $190.00 to $187.00 and set a “buy” rating for the company in a report on Friday, August 14th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Intercontinental Exchange in a research report on Wednesday. Finally, Barclays restated an “overweight” rating and issued a $189.00 target price (up from $182.00) on shares of Intercontinental Exchange in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $187.88.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc (NYSE:ICE) operates global exchanges, clearinghouses, data services and technology platforms. The company provides marketplaces and infrastructure that support the trading, clearing and management of risk across financial and commodity markets.

Its businesses include the New York Stock Exchange, ICE Futures exchanges and ICE Clear clearinghouses. ICE offers trading and clearing services for equities, equity options, interest rates, currencies, energy, agricultural commodities, metals and other contracts.