3,074 Intercontinental Exchange Inc. $ICE Shares Purchased by Running Oak Capital LLC

Running Oak Capital LLC raised its position in Intercontinental Exchange Inc. (NYSE:ICE) by 4.5% during the third quarter, Holdings Channel.com reports. The firm owned 72,029 shares of the financial services provider’s stock after buying an additional 3,074 shares during the period. Intercontinental Exchange accounts for about 1.7% of Running Oak Capital LLC’s holdings, making the stock its 19th largest holding. Running Oak Capital LLC’s holdings in Intercontinental Exchange were worth $10,951,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Intercontinental Exchange during the second quarter worth about $6,245,085,000. State Street Corp lifted its stake in shares of Intercontinental Exchange by 1.6% during the second quarter. State Street Corp now owns 25,966,680 shares of the financial services provider’s stock valued at $3,196,758,000 after buying an additional 415,490 shares during the period. Wellington Management Group LLP boosted its position in Intercontinental Exchange by 16.1% during the second quarter. Wellington Management Group LLP now owns 11,812,273 shares of the financial services provider’s stock worth $1,454,209,000 after acquiring an additional 1,634,385 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Intercontinental Exchange during the second quarter worth approximately $714,869,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Intercontinental Exchange by 1.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,298,162 shares of the financial services provider’s stock worth $652,257,000 after acquiring an additional 52,910 shares during the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

More Intercontinental Exchange News

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

• Positive Sentiment: ICE plans to launch European wind futures, extending its energy-derivatives offerings. The contracts could create new trading and clearing opportunities as renewable power markets grow, though no expected revenue contribution was disclosed. Article: ICE to launch European wind futures Article: ICE Joins Wind Derivatives Push
• Neutral Sentiment: The NYSE intends to settle tokenized stocks on Avalanche for its planned 24/7 trading platform. The move could strengthen ICE’s position in emerging market infrastructure, but the platform’s execution and commercial impact remain uncertain. Article: NYSE to Settle Tokenized Stocks on Avalanche
• Neutral Sentiment: Analysts remain moderately optimistic despite ICE’s relative underperformance over the past year; the report provides no specific new forecast or rating change. Article: Intercontinental Exchange Stock: Analyst Estimates & Ratings
• Neutral Sentiment: ICE’s mortgage report says 2.4 million mortgage holders are equity millionaires and home equity reached a record in Q3. This highlights ICE’s mortgage-data business, but the article does not indicate a direct earnings effect. Article: ICE Mortgage Monitor
• Neutral Sentiment: ICE market commentary on canola describes commodity-price movements, but offers no clear company-specific catalyst for the stock. Article: ICE Closing Review: Canola Defies Pressure
• Negative Sentiment: ICE’s president sold about $1.28 million in shares, and its CAO sold about $661,000. Insider sales may weigh on sentiment, though the reports give no reason for the transactions and they do not necessarily indicate a change in business outlook. Article: President Sells Stock Article: CAO Sells Stock

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays boosted their price target on Intercontinental Exchange from $189.00 to $194.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Bank of America raised their price objective on Intercontinental Exchange from $232.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. Raymond James Financial lowered their price objective on Intercontinental Exchange from $218.00 to $211.00 and set a “strong-buy” rating for the company in a research report on Monday, October 5th. TD Cowen lifted their price objective on Intercontinental Exchange from $167.00 to $182.00 and gave the company a “hold” rating in a research report on Friday, October 30th. Finally, Argus dropped their target price on Intercontinental Exchange from $190.00 to $187.00 and set a “buy” rating for the company in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average target price of $189.25.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was 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 15,863 shares in the company, valued at $2,538,080. This represents a 9.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO James W. Namkung sold 3,777 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $175.00, for a total transaction of $660,975.00. Following the completion of the sale, the chief accounting officer directly owned 10,325 shares of the company’s stock, valued at $1,806,875. This trade represents a 26.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 49,737 shares of company stock worth $8,138,975. Insiders own 0.84% of the company’s stock.

Intercontinental Exchange Stock Up 1.0%

Shares of NYSE:ICE opened at $174.08 on Tuesday. 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 Inc. has a 1 year low of $121.79 and a 1 year high of $177.94. The stock has a 50-day simple moving average of $158.90 and a 200-day simple moving average of $154.65. The stock has a market capitalization of $97.28 billion, a P/E ratio of 23.75, a PEG ratio of 1.54 and a beta of 0.84.

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

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.