BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 9,519 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 755,433 shares of the financial services provider’s stock after selling 9,519 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.13% of Intercontinental Exchange worth $121,353,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC boosted its position 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 worth $25,000 after purchasing an additional 147 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at approximately $26,000. Financial Management Professionals Inc. boosted its stake in Intercontinental Exchange by 106.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 87 shares during the last quarter. Fairscale Capital LLC acquired a new position in Intercontinental Exchange during the second quarter valued at approximately $25,000. Finally, Capital Performance Advisors LLP bought a new stake in Intercontinental Exchange in the third quarter valued at approximately $29,000. 89.30% of the stock is owned by institutional investors.

Insider Transactions at Intercontinental Exchange

In other news, CAO James W. Namkung sold 1,171 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $160.00, for a total transaction of $187,360.00. Following the completion of the sale, the chief accounting officer now owns 16,665 shares in the company, valued at $2,666,400. The trade was a 6.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Martha A. Tirinnanzi sold 509 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $158.98, for a total value of $80,920.82. Following the sale, the director now directly owns 3,958 shares of the company’s stock, valued at approximately $629,242.84. The trade was a 11.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,489 shares of company stock worth $1,202,259. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $155.77 on Thursday. The firm has a market capitalization of $89.44 billion, a P/E ratio of 36.91, a price-to-earnings-growth ratio of 2.61 and a beta of 1.08. 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 firm’s fifty day moving average price is $160.73 and its two-hundred day moving average price is $150.67. Intercontinental Exchange, Inc. has a 1 year low of $111.82 and a 1 year high of $167.99.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.55. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. Intercontinental Exchange’s revenue was up 17.3% on a year-over-year basis. During the same period last year, the business posted $1.46 EPS. As a group, research analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $168.00 price target on shares of Intercontinental Exchange in a report on Tuesday, August 6th. TD Cowen began coverage on shares of Intercontinental Exchange in a report on Thursday, September 26th. They set a “buy” rating and a $182.00 target price on the stock. Piper Sandler upped their price target on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Barclays dropped their price objective on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus target price of $174.13.

Intercontinental Exchange 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.