Saudi Central Bank Purchases 18,604 Shares of Intercontinental Exchange Inc. $ICE

Saudi Central Bank raised its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 88.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 39,650 shares of the financial services provider’s stock after acquiring an additional 18,604 shares during the period. Saudi Central Bank’s holdings in Intercontinental Exchange were worth $4,881,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ICE. Rakuten Securities Inc. acquired a new position in shares of Intercontinental Exchange in the second quarter worth approximately $26,000. Brooklands Fund Management Ltd acquired a new position in Intercontinental Exchange in the fourth quarter valued at $28,000. Swiss RE Ltd. acquired a new position in Intercontinental Exchange in the fourth quarter valued at $28,000. Lloyd Advisory Services LLC. bought a new stake in Intercontinental Exchange during the fourth quarter valued at $30,000. Finally, Gables Capital Management Inc. bought a new stake in Intercontinental Exchange during the second quarter valued at $31,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $161.34 on Monday. The company has a fifty day simple moving average of $148.11 and a 200 day simple moving average of $151.61. Intercontinental Exchange Inc. has a 12-month low of $121.79 and a 12-month high of $176.59. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. The company has a market cap of $90.57 billion, a P/E ratio of 22.79, a PEG ratio of 1.57 and a beta of 0.93.

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, topping 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 firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the prior year, the company posted $1.81 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. Sell-side analysts predict that Intercontinental Exchange Inc. will post 8.1 earnings per share for the current fiscal year.

Trending Headlines about Intercontinental Exchange

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

• Positive Sentiment: Trading activity strengthened: ICE reported a 14% year-over-year increase in average daily volume during August 2026. Higher volumes can support transaction-based revenue across its exchanges and clearing operations. Intercontinental Exchange’s daily volume up 14% Y/Y in August
• Positive Sentiment: Data-services offering expanded: ICE added Parameta Solutions’ over-the-counter pricing to its consolidated feed, which incorporates data from approximately 600 sources. The initiative could improve ICE’s information-services offering and support recurring revenue. ICE Adds Parameta’s OTC Prices to Its 600-Source Consolidated Feed
• Positive Sentiment: International collaboration: The New York Stock Exchange and Korea Exchange agreed to collaborate, potentially supporting cross-market connectivity and future product development. New York Stock Exchange and Korea Exchange to collaborate
• Neutral Sentiment: Relative-performance concerns: A market commentary examined whether ICE is underperforming the Dow, which may be prompting investors to reassess the stock’s valuation and near-term momentum. Is Intercontinental Exchange Stock Underperforming the Dow?
• Negative Sentiment: Insider selling added pressure: President Benjamin Jackson and insider Christopher Edmonds sold a combined 17,862 shares for approximately $2.86 million. Although both retained substantial holdings, the transactions may weigh on sentiment. Insider Selling at Intercontinental Exchange
• Negative Sentiment: Investor concerns remain: A Meridian Hedged Equity Fund letter highlighted pressures affecting ICE during the second quarter, including the market environment surrounding geopolitical tensions and falling crude-oil prices. Here’s What Pressured Intercontinental Exchange

Insider Activity at Intercontinental Exchange

In other news, insider Christopher Edmonds sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $160.59, for a total value of $802,950.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Douglas Foley sold 1,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $160.00, for a total value of $256,000.00. Following the completion of the transaction, the senior vice president owned 17,463 shares in the company, valued at $2,794,080. This represents a 8.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 41,003 shares of company stock valued at $6,416,219 over the last quarter. 0.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Rothschild & Co Redburn set a $177.00 price objective on Intercontinental Exchange in a research report on Thursday, June 11th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $218.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, September 1st. Morgan Stanley lowered their target price on Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating for the company in a report on Friday, July 10th. Barclays reissued an “overweight” rating and issued a $182.00 price target (up from $180.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Finally, Piper Sandler reduced their price objective on shares of Intercontinental Exchange from $211.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.17.

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.