Intercontinental Exchange, Inc. (NYSE:ICE) Holdings Reduced by Central Bank & Trust Co.

Central Bank & Trust Co. decreased its position in Intercontinental Exchange, Inc. (NYSE:ICEFree Report) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,320 shares of the financial services provider’s stock after selling 964 shares during the period. Central Bank & Trust Co.’s holdings in Intercontinental Exchange were worth $812,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in Intercontinental Exchange in the 3rd quarter worth about $26,000. OFI Invest Asset Management bought a new position in shares of Intercontinental Exchange in the third quarter valued at approximately $25,000. First Capital Advisors Group LLC. bought a new position in shares of Intercontinental Exchange in the second quarter valued at approximately $35,000. Pacifica Partners Inc. bought a new position in shares of Intercontinental Exchange in the third quarter valued at approximately $37,000. Finally, Halpern Financial Inc. boosted its holdings in shares of Intercontinental Exchange by 545.6% in the third quarter. Halpern Financial Inc. now owns 368 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 311 shares in the last quarter. Institutional investors own 87.91% of the company’s stock.

Intercontinental Exchange Stock Down 0.6 %

ICE stock opened at $134.64 on Friday. Intercontinental Exchange, Inc. has a 12-month low of $95.66 and a 12-month high of $140.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.80. The company has a market cap of $77.10 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 2.46 and a beta of 1.02. The company has a 50 day moving average of $132.70 and a two-hundred day moving average of $120.78.

Intercontinental Exchange (NYSE:ICEGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.29 by $0.04. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the business posted $1.25 EPS. Intercontinental Exchange’s quarterly revenue was up 24.5% on a year-over-year basis. On average, equities analysts anticipate that Intercontinental Exchange, Inc. will post 5.91 earnings per share for the current fiscal year.

Intercontinental Exchange Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.45 per share. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, March 14th. This represents a $1.80 annualized dividend and a dividend yield of 1.34%. Intercontinental Exchange’s dividend payout ratio is 40.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ICE. Raymond James increased their price objective on shares of Intercontinental Exchange from $135.00 to $145.00 and gave the company a “strong-buy” rating in a report on Friday, January 5th. Barclays increased their price objective on shares of Intercontinental Exchange from $148.00 to $153.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Morgan Stanley increased their price objective on shares of Intercontinental Exchange from $133.00 to $139.00 and gave the company an “equal weight” rating in a report on Tuesday, February 13th. Citigroup raised their target price on shares of Intercontinental Exchange from $146.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Finally, UBS Group raised their target price on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $145.83.

View Our Latest Research Report on Intercontinental Exchange

Insider Transactions at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 2,364 shares of the stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $126.00, for a total transaction of $297,864.00. Following the transaction, the general counsel now owns 43,493 shares in the company, valued at approximately $5,480,118. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, General Counsel Andrew J. Surdykowski sold 2,364 shares of the firm’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $126.00, for a total value of $297,864.00. Following the transaction, the general counsel now directly owns 43,493 shares in the company, valued at approximately $5,480,118. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey C. Sprecher sold 58,388 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $125.90, for a total transaction of $7,351,049.20. Following the completion of the transaction, the chief executive officer now owns 1,152,375 shares in the company, valued at $145,084,012.50. The disclosure for this sale can be found here. Insiders have sold a total of 157,617 shares of company stock worth $20,784,288 in the last 90 days. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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