Guinness Atkinson Asset Management Inc Has $6.71 Million Stock Holdings in Intercontinental Exchange Inc. $ICE

Guinness Atkinson Asset Management Inc lifted its position in Intercontinental Exchange Inc. (NYSE:ICE) by 13.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 40,915 shares of the financial services provider’s stock after purchasing an additional 4,725 shares during the quarter. Intercontinental Exchange accounts for approximately 3.2% of Guinness Atkinson Asset Management Inc’s holdings, making the stock its 12th biggest holding. Guinness Atkinson Asset Management Inc’s holdings in Intercontinental Exchange were worth $6,709,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Ares Financial Consulting LLC bought a new position in Intercontinental Exchange during the 4th quarter valued at about $25,000. Dorato Capital Management bought a new stake in Intercontinental Exchange during the fourth quarter worth about $29,000. Steph & Co. increased its holdings in shares of Intercontinental Exchange by 104.7% during the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after buying an additional 89 shares in the last quarter. Holos Integrated Wealth LLC acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth approximately $28,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In other news, Director Sharon Bowen sold 667 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $151.28, for a total transaction of $100,903.76. Following the sale, the director directly owned 15,077 shares of the company’s stock, valued at $2,280,848.56. This represents a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 4,573 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $151.56, for a total transaction of $693,083.88. Following the sale, the general counsel directly owned 45,473 shares in the company, valued at $6,891,887.88. This trade represents a 9.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 12,001 shares of company stock valued at $1,847,820 over the last three months. 0.84% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on ICE shares. Piper Sandler reaffirmed an “overweight” rating and set a $211.00 price objective (up from $195.00) on shares of Intercontinental Exchange in a report on Wednesday, April 15th. Morgan Stanley raised their price objective on shares of Intercontinental Exchange from $183.00 to $187.00 and gave the stock an “equal weight” rating in a report on Friday, April 10th. Weiss Ratings lowered shares of Intercontinental Exchange from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a report on Friday, March 6th. Finally, Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Intercontinental Exchange currently has a consensus rating of “Buy” and an average price target of $194.60.

Intercontinental Exchange Price Performance

ICE opened at $147.85 on Friday. Intercontinental Exchange Inc. has a one year low of $143.17 and a one year high of $189.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. The company’s 50 day simple moving average is $157.38 and its 200-day simple moving average is $160.07. The stock has a market capitalization of $83.61 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 1.38 and a beta of 0.96.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, beating the consensus estimate of $2.23 by $0.12. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same period in the prior year, the firm earned $1.72 earnings per share. Intercontinental Exchange’s revenue was up 20.4% compared to the same quarter last year. Sell-side analysts anticipate that Intercontinental Exchange Inc. will post 8.15 earnings per share for the current fiscal year.

Intercontinental Exchange News Summary

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

• Positive Sentiment: CEO Jeffrey Sprecher’s comments about pursuing 24/7 on-chain perps and exploring ties with Hyperliquid suggest ICE could expand into a fast-growing crypto trading niche. Article: NYSE parent ICE pushes ‘level playing field’ for 24/7 onchain perps
• Positive Sentiment: ICE said natural gas and power open interest hit record levels in May, pointing to strong trading volumes and healthy demand on its exchanges. Article: Open interest in natural gas and power on ICE hits record in May
• Neutral Sentiment: ICE’s CEO also highlighted exploratory discussions with Hyperliquid, reinforcing the company’s interest in crypto-market infrastructure but without any finalized deal or launch yet. Article: Intercontinental Exchange Owner Says This 11-Person Crypto Team Is Bigger Than Nasdaq
• Negative Sentiment: General Counsel Andrew Surdykowski sold 4,573 shares, adding to near-term concern around insider confidence. Article: Intercontinental Exchange General Counsel Andrew Surdykowski Sells 4,573 Shares
• Negative Sentiment: Director Sharon Bowen also sold shares recently, which may reinforce the cautious tone around the stock. Article: Intercontinental Exchange Director Sharon Bowen Sells 667 Shares

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.