Thrivent Financial for Lutherans recently decreased its stake in Intercontinental Exchange, Inc. (NYSE: ICE) by 50.1% during the 3rd quarter. The firm owned 817,624 shares of the financial services provider’s stock after selling 820,663 shares during the quarter. This move lowered their ownership to about 0.14% of Intercontinental Exchange, valued at $131,343,000 as per the latest filing with the Securities & Exchange Commission. Along with Thrivent Financial, several other large investors have also made changes to their stakes in ICE recently.
Wolff Wiese Magana LLC saw a significant increase of 1,470.0% in its holdings of Intercontinental Exchange in the third quarter, now owning 157 shares valued at $25,000. Northwest Investment Counselors LLC bought a new position in ICE worth $26,000, while Financial Management Professionals Inc. increased its stake in the company by 106.1%, now owning 169 shares worth $27,000. Fairscale Capital LLC and Capital Performance Advisors LLP also acquired new stakes in Intercontinental Exchange during this period.
Insider transactions at Intercontinental Exchange have also been notable. General Counsel Andrew J. Surdykowski and insider Christopher Scott Edmonds both sold shares of the company’s stock, leading to a decrease in their positions. Overall, insiders have sold 7,489 shares of company stock worth $1,202,259 in the last quarter.
Intercontinental Exchange stock opened at $155.55 on Friday, with a 12-month low of $110.64 and a high of $167.99. The company has a market cap of $89.31 billion and a PE ratio of 36.86. Analysts predict that Intercontinental Exchange will post 6.07 EPS for the current year.
Several equities research analysts have provided their insights on Intercontinental Exchange, with varying price targets and ratings for the stock. Morgan Stanley, The Goldman Sachs Group, Raymond James, StockNews.com, and TD Cowen have all shared their perspectives on the company. MarketBeat.com reports that the consensus rating for ICE is currently a “Moderate Buy” with a consensus price target of $174.13.
Intercontinental Exchange, Inc. offers market infrastructure, data services, and technology solutions for various entities in the financial sector across multiple countries. With a focus on market infrastructure and technology, ICE continues to be a key player in the financial services industry.
While Intercontinental Exchange has a “Moderate Buy” rating among analysts, there are other stocks that top analysts are recommending as better buys. It’s important to consider all available information and insights before making investment decisions in this dynamic market environment.
