CENTRAL TRUST Co Sells 571 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

CENTRAL TRUST Co trimmed its stake in Intercontinental Exchange, Inc. (NYSE:ICE – Get Rating) by 3.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,063 shares of the financial services provider’s stock after selling 571 shares during the quarter. CENTRAL TRUST Co’s holdings in Intercontinental Exchange were worth $1,361,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Inspire Investing LLC grew its stake in Intercontinental Exchange by 2.4% in the third quarter. Inspire Investing LLC now owns 4,414 shares of the financial services provider’s stock valued at $399,000 after purchasing an additional 104 shares in the last quarter. Community Bank & Trust Waco Texas grew its stake in Intercontinental Exchange by 0.5% in the third quarter. Community Bank & Trust Waco Texas now owns 23,807 shares of the financial services provider’s stock valued at $2,151,000 after purchasing an additional 110 shares in the last quarter. Benjamin Edwards Inc. grew its stake in Intercontinental Exchange by 5.4% in the third quarter. Benjamin Edwards Inc. now owns 2,166 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 111 shares in the last quarter. Brighton Jones LLC grew its stake in Intercontinental Exchange by 3.7% in the third quarter. Brighton Jones LLC now owns 3,308 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 119 shares in the last quarter. Finally, Evoke Wealth LLC boosted its stake in shares of Intercontinental Exchange by 53.8% during the 3rd quarter. Evoke Wealth LLC now owns 346 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 121 shares during the period. 87.28% of the stock is currently owned by institutional investors.

Intercontinental Exchange Price Performance

Shares of NYSE ICE opened at $97.52 on Thursday. The stock has a market capitalization of $54.50 billion, a PE ratio of 37.95, a P/E/G ratio of 3.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.05 and a quick ratio of 1.05. The business has a fifty day moving average price of $105.46 and a two-hundred day moving average price of $101.48. Intercontinental Exchange, Inc. has a fifty-two week low of $88.60 and a fifty-two week high of $137.40.

Intercontinental Exchange (NYSE:ICE – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The financial services provider reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.01). The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.78 billion. Intercontinental Exchange had a net margin of 15.01% and a return on equity of 13.11%. Intercontinental Exchange’s revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 earnings per share. As a group, equities analysts predict that Intercontinental Exchange, Inc. will post 5.4 earnings per share for the current fiscal year.

Intercontinental Exchange Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, March 16th. This is a boost from Intercontinental Exchange’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 1.72%. Intercontinental Exchange’s payout ratio is currently 65.37%.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 81,827 shares of Intercontinental Exchange stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $104.02, for a total value of $8,511,644.54. Following the completion of the transaction, the chief executive officer now directly owns 1,203,104 shares of the company’s stock, valued at approximately $125,146,878.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Jeffrey C. Sprecher sold 81,827 shares of the business’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $104.02, for a total transaction of $8,511,644.54. Following the completion of the transaction, the chief executive officer now owns 1,203,104 shares of the company’s stock, valued at approximately $125,146,878.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Douglas Foley sold 1,600 shares of the business’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $104.80, for a total value of $167,680.00. Following the transaction, the senior vice president now directly owns 21,481 shares of the company’s stock, valued at approximately $2,251,208.80. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

ICE has been the subject of several research analyst reports. Raymond James reduced their target price on Intercontinental Exchange from $130.00 to $126.00 and set a “strong-buy” rating for the company in a research note on Friday, February 3rd. Citigroup lifted their target price on Intercontinental Exchange from $110.00 to $117.00 and gave the stock a “neutral” rating in a research note on Friday, February 3rd. StockNews.com initiated coverage on Intercontinental Exchange in a research note on Thursday. They set a “hold” rating for the company. TheStreet upgraded Intercontinental Exchange from a “c+” rating to a “b-” rating in a research note on Wednesday, January 25th. Finally, Rosenblatt Securities lifted their target price on Intercontinental Exchange from $164.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and an average price target of $129.91.

About Intercontinental Exchange

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Intercontinental Exchange, Inc engages in the provision of market infrastructure, data services and technology solutions. It operates through the following segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The Exchanges segment includes trading and listing revenue from the global futures network, the New York Stock Exchange and other registered securities exchanges.