BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $121.35 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 1.2% in the third quarter, Holdings Channel reports. The institutional investor 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.’s holdings in Intercontinental Exchange were worth $121,353,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ICE. Assenagon Asset Management S.A. lifted its position in shares of Intercontinental Exchange by 819.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider’s stock valued at $18,764,000 after acquiring an additional 122,169 shares during the period. BDF Gestion bought a new stake in Intercontinental Exchange during the second quarter worth about $2,849,000. LRI Investments LLC acquired a new stake in Intercontinental Exchange during the first quarter worth about $137,000. Burke & Herbert Bank & Trust Co. bought a new position in Intercontinental Exchange in the 2nd quarter valued at about $1,366,000. Finally, Blue Trust Inc. raised its position in shares of Intercontinental Exchange by 312.4% in the 2nd quarter. Blue Trust Inc. now owns 5,180 shares of the financial services provider’s stock valued at $712,000 after buying an additional 3,924 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ICE has been the topic of several analyst reports. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Friday, November 1st. Barclays reduced their price objective on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Raymond James cut shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price for the company. in a report on Monday, October 14th. Finally, The Goldman Sachs Group lifted their price target on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average target price of $174.13.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $155.77 on Thursday. The stock has a market cap of $89.44 billion, a price-to-earnings ratio of 36.91, a P/E/G ratio of 2.61 and a beta of 1.08. Intercontinental Exchange, Inc. has a twelve month low of $111.82 and a twelve month high of $167.99. The company’s fifty day moving average is $160.73 and its 200 day moving average is $150.67. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICE) last released 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. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the company posted $1.46 EPS. The business’s revenue was up 17.3% on a year-over-year basis. Sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Insider Buying and Selling at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 602 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the sale, the insider now owns 14,034 shares in the company, valued at $2,284,875.54. This represents a 4.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the sale, the general counsel now owns 44,865 shares of the company’s stock, valued at approximately $7,159,108.05. The trade was a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,489 shares of company stock valued at $1,202,259. 1.10% of the stock is currently owned by company insiders.

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.