Intercontinental Exchange Inc. $ICE Stake Reduced by Sumitomo Mitsui Trust Group Inc.

Posted by Brian Himes on Nov 1st, 2026

Sumitomo Mitsui Trust Group Inc. reduced its holdings in Intercontinental Exchange Inc. (NYSE:ICE – Free Report) by 8.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,758,355 shares of the financial services provider’s stock after selling 165,242 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Intercontinental Exchange were worth $267,323,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ICE. Kintegral Advisory LLC raised its holdings in shares of Intercontinental Exchange by 0.6% in the 3rd quarter. Kintegral Advisory LLC now owns 11,435 shares of the financial services provider’s stock valued at $1,738,000 after acquiring an additional 64 shares in the last quarter. Gilpin Wealth Management LLC grew its holdings in shares of Intercontinental Exchange by 6.3% during the third quarter. Gilpin Wealth Management LLC now owns 1,118 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 66 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of Intercontinental Exchange by 33.5% during the first quarter. Cornerstone Planning Group LLC now owns 271 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 68 shares in the last quarter. Chemistry Wealth Management LLC increased its position in shares of Intercontinental Exchange by 0.9% in the third quarter. Chemistry Wealth Management LLC now owns 7,773 shares of the financial services provider’s stock worth $1,182,000 after purchasing an additional 68 shares during the last quarter. Finally, Capstone Financial Advisors Inc. increased its position in shares of Intercontinental Exchange by 1.4% in the second quarter. Capstone Financial Advisors Inc. now owns 5,116 shares of the financial services provider’s stock worth $630,000 after purchasing an additional 69 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange News Summary

Here are the key news stories impacting Intercontinental Exchange this week:

Positive Sentiment: Q3 earnings beat estimates: ICE reported adjusted earnings of $2.02 per share, above the $1.97 consensus estimate, while revenue rose 14.7% year over year to $3.63 billion. Growth was supported by higher exchange-trading activity and data revenue, with analysts also citing improving recurring-revenue expectations. Intercontinental Q3 Earnings Beat on Exchanges and Data Growth
Positive Sentiment: New digital-asset derivatives initiative: ICE and Trade[XYZ] plan to bring Hyperliquid-based, regulated perpetual futures markets to U.S. customers. The initiative could create a new growth opportunity in 24/7 derivatives trading and reinforces ICE’s broader push into digital assets. Intercontinental Exchange to bring TradeXYZ perpetual markets onshore in U.S.
Positive Sentiment: Analyst targets moved higher: Barclays raised its target to $194 and kept an overweight rating, while Keefe, Bruyette & Woods lifted its target to $190 with an outperform rating. Goldman Sachs also increased its target to $200. Goldman Sachs adjusts ICE price target
Positive Sentiment: Dividend increase and deal progress: ICE approved a quarterly dividend of $0.52 per share, up 8% from a year earlier. The company also expects its MarketAxess acquisition to close in the first quarter of 2027 after receiving early regulatory clearance. Intercontinental Exchange approves fourth-quarter dividend
Neutral Sentiment: Mixed analyst view: TD Cowen raised its target to $182 but maintained a hold rating, while Wells Fargo increased its target to $167 and retained an underweight rating, suggesting some analysts believe much of the near-term upside is already reflected in ICE’s valuation.
Negative Sentiment: Execution and spending risks remain: The MarketAxess transaction and approximately $1.05 billion in 2026 capital expenditures could pressure near-term cash flow, while mortgage-market challenges continue to weigh on part of ICE’s business.

Insider Activity at Intercontinental Exchange

In related news, General Counsel Andrew Surdykowski sold 4,574 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $161.77, for a total transaction of $739,935.98. Following the completion of the transaction, the general counsel owned 43,065 shares in the company, valued at $6,966,625.05. This represents a 9.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Mayur Kapani sold 4,271 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $151.20, for a total value of $645,775.20. Following the completion of the sale, the chief technology officer directly owned 67,988 shares of the company’s stock, valued at $10,279,785.60. The trade was a 5.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 41,179 shares of company stock valued at $6,473,715 over the last 90 days. Company insiders own 0.84% of the company’s stock.

Intercontinental Exchange Stock Up 3.4%

ICE opened at $168.64 on Friday. The company has a market cap of $94.67 billion, a P/E ratio of 23.01, a P/E/G ratio of 1.56 and a beta of 0.94. The business’s 50-day moving average price is $157.56 and its 200-day moving average price is $154.60. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. Intercontinental Exchange Inc. has a 12 month low of $121.79 and a 12 month high of $176.05.

Intercontinental Exchange (NYSE:ICE – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The financial services provider reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.05. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $2.74 billion. Intercontinental Exchange had a net margin of 29.62% and a return on equity of 15.32%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.71 EPS. On average, equities analysts expect that Intercontinental Exchange Inc. will post 8.21 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ICE. Piper Sandler reaffirmed an “overweight” rating and issued a $195.00 target price (up from $190.00) on shares of Intercontinental Exchange in a research note on Friday, October 2nd. The Goldman Sachs Group boosted their price target on shares of Intercontinental Exchange from $192.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, October 2nd. UBS Group reissued a “buy” rating and issued a $195.00 price target (up from $190.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Jefferies Financial Group lowered their price objective on shares of Intercontinental Exchange from $189.00 to $185.00 in a research report on Wednesday, October 7th. Finally, Barclays lifted their price objective on shares of Intercontinental Exchange from $189.00 to $194.00 and gave the stock an “overweight” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.25.

Get Our Latest Analysis on ICE

About Intercontinental Exchange

(Free Report)

Intercontinental Exchange, Inc (NYSE:ICE) is a global operator of exchanges, clearinghouses, data services and technology platforms. The company owns and operates the New York Stock Exchange and other exchanges serving equity, options, futures and over-the-counter markets. Its marketplaces support trading in areas including energy, agricultural commodities, interest rates, currencies, equity indexes and individual stocks.

ICE also provides clearing and settlement services that help manage counterparty and transaction risk, along with market data, analytics, connectivity and other technology solutions for financial institutions and businesses.