Intercontinental Exchange Inc. $ICE Shares Acquired by Citizens Financial Group Inc. RI
Citizens Financial Group Inc. RI increased its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 314.4% in Q3, owning 61,033 shares valued at $10.28 million. Other hedge funds also adjusted their positions. ICE shares opened at $165.99, with a market cap of $94.65 billion. The company reported Q3 earnings of $1.71 EPS, meeting estimates, and revenue of $3.01 billion, exceeding expectations. Analysts predict a full-year EPS of 6.73. Positive sentiment surrounds ICE due to extended trading hours for EU contracts and its role in U.S. options for MSCI indexes, despite some downward estimate adjustments.
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