Intercontinental Exchange, Inc. (NYSE:ICE) Shares Surge as Campbell & CO Investment Adviser LLC Increases Stake
Campbell & CO Investment Adviser LLC has recently boosted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 9.8%, as per the latest Form 13F filing with the SEC. The fund now holds 4,707 shares of the financial services provider’s stock, valued at $605,000. This increase in stake indicates growing confidence in ICE among institutional investors.
Analyst Ratings and Insider Activity
Various equity research analysts have recently shared their views on ICE shares, with price targets ranging from $135.00 to $164.00. Notable insider activity includes General Counsel Andrew J. Surdykowski and CEO Jeffrey C. Sprecher selling shares of ICE, indicating a level of confidence among company executives.
Stock Performance and Financial Results
Intercontinental Exchange (NYSE:ICE) stock opened at $133.79, showing a slight decrease of 0.8%. The company reported earnings of $1.48 per share for the quarter, meeting the consensus estimate. With a net margin of 24.24% and a return on equity of 12.76%, ICE continues to showcase strong financial performance.
About Intercontinental Exchange
Intercontinental Exchange, Inc. operates as a market infrastructure and technology solutions provider for financial institutions worldwide. With a focus on market infrastructure and data services, ICE plays a crucial role in the financial industry.
In conclusion, the increase in stake by Campbell & CO Investment Adviser LLC, coupled with positive analyst ratings and insider activity, highlights the growing confidence in Intercontinental Exchange, Inc. Despite a slight dip in stock performance, ICE continues to demonstrate strong financial results and market presence.
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