Sage Rhino Capital LLC Buys 3,392 Shares of Intercontinental Exchange Inc. $ICE

Sage Rhino Capital LLC acquired a new position in Intercontinental Exchange Inc. (NYSE:ICE) during the third quarter, HoldingsChannel.com reports. The fund acquired 3,392 shares of the financial services provider’s stock, valued at approximately $516,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Kintegral Advisory LLC lifted its stake in shares of Intercontinental Exchange by 0.6% in the 3rd quarter. Kintegral Advisory LLC now owns 11,435 shares of the financial services provider’s stock valued at $1,738,000 after purchasing an additional 64 shares during the period. Gilpin Wealth Management LLC boosted its holdings in 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 acquiring an additional 66 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of Intercontinental Exchange by 33.5% during the first quarter. Cornerstone Planning Group LLC now owns 271 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 68 shares in the last quarter. Chemistry Wealth Management LLC increased its holdings in shares of Intercontinental Exchange by 0.9% during the third quarter. Chemistry Wealth Management LLC now owns 7,773 shares of the financial services provider’s stock valued at $1,182,000 after acquiring an additional 68 shares in the last quarter. Finally, Capstone Financial Advisors Inc. increased its holdings in shares of Intercontinental Exchange by 1.4% during the second quarter. Capstone Financial Advisors Inc. now owns 5,116 shares of the financial services provider’s stock valued at $630,000 after acquiring an additional 69 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Raymond James Financial cut their target price on Intercontinental Exchange from $218.00 to $211.00 and set a “strong-buy” rating on the stock in a report on Monday, October 5th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Intercontinental Exchange in a research note on Wednesday, October 7th. Jefferies Financial Group decreased their price target on Intercontinental Exchange from $189.00 to $185.00 in a report on Wednesday, October 7th. The Goldman Sachs Group increased their price target on Intercontinental Exchange from $192.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. Finally, Rothschild & Co Redburn increased their price target on Intercontinental Exchange from $173.00 to $181.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.31.

Intercontinental Exchange Stock Up 4.7%

Intercontinental Exchange stock opened at $163.30 on Friday. Intercontinental Exchange Inc. has a fifty-two week low of $121.79 and a fifty-two week high of $176.05. The stock has a market cap of $91.67 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 1.44 and a beta of 0.94. The firm’s 50-day simple moving average is $157.36 and its 200 day simple moving average is $154.59. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 29th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.05. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $2.74 billion. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.71 EPS. Research analysts predict that Intercontinental Exchange Inc. will post 8.20 EPS for the current fiscal year.

Trending Headlines about Intercontinental Exchange

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

• Positive Sentiment: Q3 earnings beat expectations: ICE reported adjusted earnings of $2.02 per share, above the $1.97 consensus estimate and up from $1.71 a year earlier. Revenue rose 14.7% year over year to $3.63 billion, supported by strong exchange trading and data performance. IntercontinentalExchange Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Trading activity and recurring revenue improved: Exchange trading revenue reportedly jumped 28%, while growth in market data and other recurring businesses supported management’s outlook for higher recurring revenue. The results indicate that elevated market activity is benefiting ICE’s exchanges and information-services businesses. Intercontinental Q3 Earnings Beat on Exchanges and Data Growth
• Positive Sentiment: MarketAxess acquisition advanced: ICE received early clearance under the Hart-Scott-Rodino Act for its planned acquisition of MarketAxess, potentially accelerating the transaction and expanding ICE’s electronic fixed-income trading capabilities. ICE Reports Third Quarter Results and Early HSR Clearance
• Positive Sentiment: New perpetual-futures opportunity: ICE and Trade[XYZ] plan to bring Hyperliquid-linked perpetual markets onshore in the U.S. for regulated, around-the-clock trading. The initiative could create a new growth channel in digital-asset derivatives, although it remains subject to regulatory and execution risks. ICE to Bring TradeXYZ Perpetual Markets Onshore
• Positive Sentiment: Dividend increased: ICE approved a quarterly dividend of $0.52 per share, up 8% from the prior-year quarter, payable December 31, 2026. ICE Approves Fourth-Quarter Dividend
• Neutral Sentiment: Management pushed back on spinoff speculation involving the mortgage business, suggesting ICE will continue addressing challenges within the existing corporate structure. ICE Executives Address Spinoff Speculation
• Negative Sentiment: Questions surrounding mortgage-market weakness and objections to certain tokenized-stock initiatives remain potential overhangs, though they were outweighed by the earnings and strategic announcements. Objections to Tokenized Stock Venue

Insider Activity

In other news, President Benjamin Jackson sold 12,862 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $160.09, for a total value of $2,059,077.58. Following the transaction, the president owned 164,264 shares in the company, valued at $26,297,023.76. The trade was a 7.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Mayur Kapani sold 4,271 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $151.20, for a total value of $645,775.20. Following the completion of the transaction, the chief technology officer directly owned 67,988 shares of the company’s stock, valued at approximately $10,279,785.60. This represents a 5.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 41,179 shares of company stock worth $6,473,715. Corporate insiders own 0.84% of the company’s stock.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc (NYSE:ICE) is a global operator of exchanges, clearinghouses, data services and technology platforms. The company owns and operates the New York Stock Exchange and other exchanges serving equity, options, futures and over-the-counter markets. Its marketplaces support trading in areas including energy, agricultural commodities, interest rates, currencies, equity indexes and individual stocks.

ICE also provides clearing and settlement services that help manage counterparty and transaction risk, along with market data, analytics, connectivity and other technology solutions for financial institutions and businesses.