ProShare Advisors LLC Purchases 3,538 Shares of Intercontinental Exchange Inc. $ICE

ProShare Advisors LLC boosted its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 3.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 121,931 shares of the financial services provider’s stock after purchasing an additional 3,538 shares during the quarter. ProShare Advisors LLC’s holdings in Intercontinental Exchange were worth $18,537,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Intercontinental Exchange in the second quarter valued at about $6,245,085,000. Lombard Odier Asset Management Europe Ltd bought a new position in Intercontinental Exchange during the first quarter worth about $11,498,000. NBT Bank N.A. acquired a new position in shares of Intercontinental Exchange during the 3rd quarter worth about $1,775,000. HF Advisory Group LLC grew its position in shares of Intercontinental Exchange by 147.5% during the 3rd quarter. HF Advisory Group LLC now owns 15,384 shares of the financial services provider’s stock worth $2,339,000 after buying an additional 9,169 shares during the period. Finally, Swedbank AB increased its stake in shares of Intercontinental Exchange by 7.6% in the 1st quarter. Swedbank AB now owns 3,795,369 shares of the financial services provider’s stock valued at $596,936,000 after acquiring an additional 268,254 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Intercontinental Exchange

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

• Positive Sentiment: Analysts raised ICE price targets. Three reports cited higher targets of $167, $190 and $194, signaling improved expectations following the company’s recent earnings performance. Intercontinental Exchange Price Target Raised to $194
• Positive Sentiment: Strong third-quarter operating results supported the stock. Intercontinental Exchange reported third-quarter net revenue of approximately $2.8 billion, up 15% year over year, while adjusted earnings per share rose 18% to $2.02 and exceeded analyst expectations. The results reinforce the company’s earnings-growth momentum. Intercontinental Exchange: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Momentum-focused commentary was favorable. A Zacks report highlighted ICE as a potential momentum stock, reflecting its trading above key moving averages and strong recent performance. IntercontinentalExchange Is a Great Momentum Stock
• Neutral Sentiment: ICE’s Hyperliquid initiative is drawing attention. Plans to make Hyperliquid contracts available to U.S. traders helped drive interest in the HYPE token and could create future opportunities for ICE. However, the initiative depends on regulatory approval from the Commodity Futures Trading Commission, and reports noted leveraged positions and whale selling have increased volatility in HYPE. Hyperliquid U.S. Deal Could Slip to 2027
• Negative Sentiment: An insider sold shares. Chief Accounting Officer James Namkung sold 2,430 ICE shares for approximately $401,000, reducing his position by 14.7%. The transaction is relatively small compared with ICE’s market value but may be viewed as a modest negative signal. James Namkung Insider Trading

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ICE. Wall Street Zen upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, October 10th. Piper Sandler reissued an “overweight” rating and set a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a research note on Friday, October 2nd. UBS Group restated a “buy” rating and set a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Argus lowered their target price on shares of Intercontinental Exchange from $190.00 to $187.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Finally, Barclays increased 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. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.25.

Intercontinental Exchange Stock Up 1.9%

Shares of Intercontinental Exchange stock opened at $172.05 on Tuesday. Intercontinental Exchange Inc. has a 1 year low of $121.79 and a 1 year high of $176.05. The business has a 50-day moving average of $157.77 and a two-hundred day moving average of $154.63. The company has a market capitalization of $96.59 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 1.44 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, October 29th. The financial services provider reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.05. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter last year, the firm posted $1.71 earnings per share. Intercontinental Exchange’s revenue was up 14.7% compared to the same quarter last year. As a group, equities analysts predict that Intercontinental Exchange Inc. will post 8.21 EPS for the current year.

Insider Buying and Selling at Intercontinental Exchange

In other news, President Benjamin Jackson sold 12,862 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $26,297,023.76. This represents a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martha A. Tirinnanzi sold 1,340 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $161.16, for a total transaction of $215,954.40. Following the sale, the director directly owned 3,747 shares of the company’s stock, valued at $603,866.52. This represents a 26.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 43,609 shares of company stock worth $6,874,665 in the last quarter. Company insiders own 0.84% of the company’s stock.

Intercontinental Exchange Company 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.