Rockefeller Capital Management L.P. Has $136.61 Million Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Rockefeller Capital Management L.P. lessened its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 4.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 850,407 shares of the financial services provider’s stock after selling 36,374 shares during the period. Rockefeller Capital Management L.P.’s holdings in Intercontinental Exchange were worth $136,605,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. New Millennium Group LLC acquired a new position in Intercontinental Exchange during the 2nd quarter worth $25,000. International Assets Investment Management LLC bought a new stake in Intercontinental Exchange during the 2nd quarter worth about $25,000. Fairscale Capital LLC acquired a new position in Intercontinental Exchange during the 2nd quarter valued at about $25,000. Wolff Wiese Magana LLC boosted its stake in shares of Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 147 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Intercontinental Exchange during the 3rd quarter worth approximately $26,000. 89.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Intercontinental Exchange

In related news, CFO Warren Gardiner sold 750 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $161.43, for a total value of $121,072.50. Following the transaction, the chief financial officer now directly owns 16,576 shares in the company, valued at approximately $2,675,863.68. This represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Stuart Glen Williams sold 468 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $76,195.08. Following the completion of the sale, the chief operating officer now directly owns 13,530 shares of the company’s stock, valued at $2,202,819.30. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,696 shares of company stock valued at $1,554,559 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Stock Up 0.4 %

Intercontinental Exchange stock opened at $161.19 on Friday. Intercontinental Exchange, Inc. has a 1-year low of $111.82 and a 1-year high of $167.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $160.59 and a 200 day simple moving average of $151.66. The company has a market cap of $92.55 billion, a P/E ratio of 38.20, a price-to-earnings-growth ratio of 2.66 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting analysts’ consensus estimates of $1.55. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.46 earnings per share. Research analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Barclays reduced their price objective on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Piper Sandler lifted their price objective on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $168.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. TD Cowen initiated coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They set a “buy” rating and a $182.00 target price for the company. Finally, The Goldman Sachs Group lifted their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.13.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.