Intercontinental Exchange Inc. $ICE Stock Purchased by Lyell Wealth Management LP

Lyell Wealth Management LP increased its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 17.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,758 shares of the financial services provider’s stock after buying an additional 2,934 shares during the period. Lyell Wealth Management LP’s holdings in Intercontinental Exchange were worth $3,004,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Kintegral Advisory LLC boosted its holdings in Intercontinental Exchange by 0.6% in the third quarter. Kintegral Advisory LLC now owns 11,435 shares of the financial services provider’s stock worth $1,738,000 after acquiring an additional 64 shares in the last quarter. Gilpin Wealth Management LLC grew 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 acquiring an additional 66 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in shares of Intercontinental Exchange by 33.5% in the first quarter. Cornerstone Planning Group LLC now owns 271 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 68 shares during the last quarter. Chemistry Wealth Management LLC grew its stake in shares of Intercontinental Exchange by 0.9% in the third quarter. Chemistry Wealth Management LLC now owns 7,773 shares of the financial services provider’s stock worth $1,182,000 after acquiring an additional 68 shares during 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. Hedge funds and other institutional investors own 89.30% of the company’s stock.

More Intercontinental Exchange News

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

• Positive Sentiment: New derivatives venture could open a growth opportunity. ICE plans to build a derivatives exchange using Hyperliquid’s infrastructure, in a deal involving Trade[XYZ]. Bringing perpetual futures to U.S. markets could create future trading and fee revenue for ICE, though the business opportunity is not yet proven. The Company Behind the New York Stock Exchange Is Now Building on Hyperliquid
• Positive Sentiment: Recent results and analyst targets offer support. ICE’s third-quarter adjusted EPS of $2.02 beat expectations, and revenue grew year over year. Recent reports also raised price targets, reflecting a constructive view of the company’s outlook. Intercontinental Exchange: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: CFTC approval provides a path, but not certainty, for the new product. The regulator has cleared stock perpetual futures for trading on CFTC-registered U.S. exchanges. This supports the possibility of ICE’s planned offering, but its eventual contribution to ICE’s results remains uncertain. The CFTC Just Cleared Stock Perpetual Futures for U.S. Exchanges
• Negative Sentiment: A senior accounting officer sold shares. CAO James Namkung sold 2,430 shares for about $401,000, reducing his holdings by 14.7%. The sale may be a mild negative signal, though it is small relative to ICE’s overall size. Intercontinental Exchange CAO Sells 2,430 Shares

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lowered their price target on Intercontinental Exchange from $189.00 to $185.00 in a research report on Wednesday, October 7th. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, October 10th. TD Cowen increased their price objective on shares of Intercontinental Exchange from $167.00 to $182.00 and gave the company a “hold” rating in a research report on Friday, October 30th. Rothschild & Co Redburn raised their price objective on shares of Intercontinental Exchange from $173.00 to $181.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Finally, Barclays lifted their target price on shares of Intercontinental Exchange from $189.00 to $194.00 and gave the stock 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 given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $189.25.

Intercontinental Exchange Price Performance

NYSE ICE opened at $171.05 on Wednesday. Intercontinental Exchange Inc. has a one year low of $121.79 and a one year high of $176.05. The stock has a 50-day moving average of $157.94 and a 200 day moving average of $154.62. The company has a market capitalization of $95.59 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 1.53 and a beta of 0.84. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.03 and a current ratio of 1.03.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, October 29th. The financial services provider reported $2.02 earnings per share 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 analyst estimates of $2.74 billion. Intercontinental Exchange had a return on equity of 15.32% and a net margin of 29.62%. Intercontinental Exchange’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.71 EPS. On average, sell-side analysts forecast that Intercontinental Exchange Inc. will post 8.21 EPS for the current year.

Insider Transactions at Intercontinental Exchange

In related news, CAO James W. Namkung sold 2,430 shares of the stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $165.00, for a total transaction of $400,950.00. Following the transaction, the chief accounting officer owned 14,102 shares in the company, valued at $2,326,830. This represents a 14.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Benjamin Jackson sold 12,862 shares of the firm’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 transaction of $2,059,077.58. Following the completion of the sale, the president owned 164,264 shares in the company, valued at $26,297,023.76. This represents a 7.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 36,309 shares of company stock valued at $5,787,841. Company 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.