Community Trust & Investment Co. Has $14.28 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Community Trust & Investment Co. lessened its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 126,319 shares of the financial services provider’s stock after selling 1,542 shares during the quarter. Community Trust & Investment Co.’s holdings in Intercontinental Exchange were worth $14,284,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GPS Wealth Strategies Group LLC bought a new position in Intercontinental Exchange in the first quarter valued at approximately $25,000. OLD Mission Capital LLC bought a new position in Intercontinental Exchange in the fourth quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in Intercontinental Exchange by 187.6% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 256 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 167 shares in the last quarter. Spire Wealth Management grew its stake in Intercontinental Exchange by 374.6% in the first quarter. Spire Wealth Management now owns 299 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 236 shares in the last quarter. Finally, Piscataqua Savings Bank grew its stake in Intercontinental Exchange by 35.1% in the first quarter. Piscataqua Savings Bank now owns 385 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 87.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on ICE shares. Deutsche Bank Aktiengesellschaft raised their price target on Intercontinental Exchange from $125.00 to $126.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Barclays reduced their target price on Intercontinental Exchange from $128.00 to $122.00 and set an “equal weight” rating for the company in a research note on Friday, August 4th. Piper Sandler lifted their target price on Intercontinental Exchange from $125.00 to $135.00 in a research note on Wednesday, July 5th. Morgan Stanley reduced their target price on Intercontinental Exchange from $124.00 to $118.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 6th. Finally, StockNews.com started coverage on Intercontinental Exchange in a research note on Thursday, August 17th. They set a “hold” rating for the company. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average target price of $133.09.

Insider Transactions at Intercontinental Exchange

In other news, President Benjamin Jackson sold 2,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $117.14, for a total transaction of $234,280.00. Following the completion of the transaction, the president now owns 125,647 shares of the company’s stock, valued at approximately $14,718,289.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, President Benjamin Jackson sold 2,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $117.14, for a total transaction of $234,280.00. Following the sale, the president now owns 125,647 shares in the company, valued at approximately $14,718,289.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Scott Edmonds sold 1,427 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $115.00, for a total value of $164,105.00. Following the sale, the insider now owns 14,829 shares in the company, valued at approximately $1,705,335. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,563 shares of company stock valued at $1,218,379. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

NYSE:ICE traded down $0.25 during mid-day trading on Tuesday, hitting $115.64. 300,056 shares of the stock were exchanged, compared to its average volume of 2,456,997. The stock has a market capitalization of $64.79 billion, a price-to-earnings ratio of 38.50, a price-to-earnings-growth ratio of 2.30 and a beta of 0.93. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.10 and a current ratio of 1.10. The firm’s 50-day simple moving average is $115.40 and its 200 day simple moving average is $109.62. Intercontinental Exchange, Inc. has a fifty-two week low of $88.60 and a fifty-two week high of $118.79.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.06. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Intercontinental Exchange had a return on equity of 13.11% and a net margin of 17.64%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.32 EPS. As a group, equities analysts anticipate that Intercontinental Exchange, Inc. will post 5.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.45%. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 55.81%.

About Intercontinental Exchange

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.