Intercontinental Exchange Inc. $ICE Stock Bought by Lido Advisors LLC

Lido Advisors LLC raised its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 7.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 132,557 shares of the financial services provider’s stock after purchasing an additional 9,520 shares during the quarter. Lido Advisors LLC’s holdings in Intercontinental Exchange were worth $20,153,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Intercontinental Exchange during the 2nd quarter valued at approximately $6,245,085,000. HF Advisory Group LLC boosted its holdings in shares of Intercontinental Exchange by 147.5% in the 3rd quarter. HF Advisory Group LLC now owns 15,384 shares of the financial services provider’s stock valued at $2,339,000 after acquiring an additional 9,169 shares during the last quarter. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Intercontinental Exchange in the first quarter worth $11,498,000. NBT Bank N.A. acquired a new stake in shares of Intercontinental Exchange in the third quarter worth $1,775,000. Finally, Munich Reinsurance Co Stock Corp in Munich raised its holdings in shares of Intercontinental Exchange by 35.5% during the second quarter. Munich Reinsurance Co Stock Corp in Munich now owns 331,547 shares of the financial services provider’s stock worth $40,817,000 after purchasing an additional 86,897 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

NYSE:ICE opened at $180.45 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $100.84 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 1.55 and a beta of 0.84. The company has a 50 day moving average price of $159.63 and a 200-day moving average price of $154.70. Intercontinental Exchange Inc. has a 1-year low of $121.79 and a 1-year high of $180.71.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 29th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.05. Intercontinental Exchange had a net margin of 29.62% and a return on equity of 15.32%. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the previous year, the business posted $1.71 EPS. The business’s revenue was up 14.7% compared to the same quarter last year. Equities research analysts forecast that Intercontinental Exchange Inc. will post 8.21 EPS for the current year.

Insider Buying and Selling

In other news, insider Christopher Edmonds sold 5,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $160.59, for a total transaction of $802,950.00. Following the sale, the insider directly owned 14,367 shares of the company’s stock, valued at $2,307,196.53. This represents a 25.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Benjamin Jackson sold 12,862 shares of Intercontinental Exchange stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $160.09, for a total value of $2,059,077.58. Following the completion of the transaction, the president owned 164,264 shares of the company’s stock, valued at approximately $26,297,023.76. This represents a 7.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 45,325 shares of company stock valued at $7,471,345 in the last ninety days. Company insiders own 0.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ICE. Deutsche Bank restated a “buy” rating and set a $178.00 target price (up from $169.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. The Goldman Sachs Group increased their price target on Intercontinental Exchange from $192.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, October 2nd. Weiss Ratings upgraded Intercontinental Exchange from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 21st. Keefe, Bruyette & Woods boosted their price objective on Intercontinental Exchange from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, October 30th. Finally, Barclays boosted their price objective on Intercontinental Exchange from $189.00 to $194.00 and gave the company an “overweight” rating in a report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus target price of $189.25.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc. (NYSE: ICE) operates exchanges, clearing houses and technology businesses serving financial and commodity markets. Its platforms support the trading and clearing of futures, options and other products across areas such as energy, agriculture, interest rates and equities. The company also provides market data, analytics and connectivity services to financial institutions and other market participants. Intercontinental Exchange owns the New York Stock Exchange and operates exchanges and clearing houses in multiple markets around the world.