Intercontinental Exchange (NYSE:ICE) Shares Acquired Rep. Thomas H. Kean, Jr.

Key Points

• Representative Thomas H. Kean, Jr. acquired shares of Intercontinental Exchange Inc. (NYSE:ICE) valued between $1,001 and $15,000 on September 25th, according to a filing.
• Intercontinental Exchange reported a 9.8% year-over-year increase in revenue for the last quarter, with earnings per share of $1.81, surpassing analysts' expectations.
• Analysts' consensus rating for Intercontinental Exchange is a "Moderate Buy," with an average target price of $199.60, indicating a positive outlook from multiple research firms.

Representative Thomas H. Kean, Jr. (R-New Jersey) recently bought shares of Intercontinental Exchange Inc. NYSE: ICE. In a filing disclosed on October 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Intercontinental Exchange stock on September 25th. The trade occurred in the Representative's "KEAN FAMILY PARTNERSHIP" account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Stryker NYSE: SYK on 8/25/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 8/25/2025.
• Purchased $1,001 - $15,000 in shares of Canadian Pacific Kansas City NYSE: CP on 8/22/2025.
• Purchased $1,001 - $15,000 in shares of Amcor NYSE: AMCR on 8/15/2025.
• Sold $15,001 - $50,000 in shares of Stryker NYSE: SYK on 7/31/2025.
• Sold $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 7/31/2025.
• Purchased $15,001 - $50,000 in shares of Check Point Software Technologies NASDAQ: CHKP on 7/29/2025.
• Sold $1,001 - $15,000 in shares of Adobe NASDAQ: ADBE on 7/29/2025.
• Purchased $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 7/21/2025.

Intercontinental Exchange Stock Performance

ICE stock opened at $157.33 on Thursday. The business's 50-day moving average price is $172.21 and its two-hundred day moving average price is $173.77. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. The firm has a market cap of $90.06 billion, a PE ratio of 30.20, a P/E/G ratio of 2.20 and a beta of 1.08. Intercontinental Exchange Inc. has a 1-year low of $142.29 and a 1-year high of $189.35.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, July 31st. The financial services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.04. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $2.50 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share. As a group, research analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ICE. Raymond James Financial upgraded Intercontinental Exchange from an "outperform" rating to a "strong-buy" rating and set a $210.00 target price on the stock in a report on Monday. Piper Sandler lifted their target price on Intercontinental Exchange from $180.00 to $202.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Barclays reiterated an "overweight" rating and set a $201.00 target price (down from $212.00) on shares of Intercontinental Exchange in a report on Wednesday, October 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of Intercontinental Exchange in a report on Wednesday, October 8th. Finally, UBS Group boosted their price target on Intercontinental Exchange from $195.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $199.60.

Insiders Place Their Bets

In related news, COO Stuart Glen Williams sold 939 shares of Intercontinental Exchange stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $172.04, for a total value of $161,545.56. Following the sale, the chief operating officer owned 16,624 shares of the company's stock, valued at approximately $2,859,992.96. The trade was a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Judith A. Sprieser sold 2,900 shares of Intercontinental Exchange stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $174.51, for a total value of $506,079.00. Following the completion of the sale, the director directly owned 18,169 shares in the company, valued at approximately $3,170,672.19. This represents a 13.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 240,956 shares of company stock valued at $43,789,542 in the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Intercontinental Exchange

Institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Intercontinental Exchange in the second quarter valued at about $1,542,780,000. Price T Rowe Associates Inc. MD increased its position in shares of Intercontinental Exchange by 491.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,433,497 shares of the financial services provider's stock valued at $1,109,780,000 after acquiring an additional 5,345,388 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Intercontinental Exchange in the first quarter valued at about $575,383,000. Wellington Management Group LLP increased its position in shares of Intercontinental Exchange by 113.9% in the first quarter. Wellington Management Group LLP now owns 5,943,363 shares of the financial services provider's stock valued at $1,025,230,000 after acquiring an additional 3,165,381 shares during the last quarter. Finally, Sands Capital Management LLC increased its position in shares of Intercontinental Exchange by 97.3% in the second quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider's stock valued at $974,783,000 after acquiring an additional 2,620,310 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.