Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Norway Savings Bank

Norway Savings Bank lifted its holdings in Intercontinental Exchange, Inc. (NYSE:ICEFree Report) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,184 shares of the financial services provider’s stock after buying an additional 465 shares during the period. Norway Savings Bank’s holdings in Intercontinental Exchange were worth $1,950,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Jefferies Financial Group Inc. boosted its holdings in shares of Intercontinental Exchange by 3.8% during the 2nd quarter. Jefferies Financial Group Inc. now owns 2,432 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 88 shares during the last quarter. Vinva Investment Management Ltd lifted its position in Intercontinental Exchange by 0.6% during the third quarter. Vinva Investment Management Ltd now owns 16,736 shares of the financial services provider’s stock worth $1,855,000 after buying an additional 93 shares in the last quarter. Timber Creek Capital Management LLC boosted its stake in Intercontinental Exchange by 0.3% during the fourth quarter. Timber Creek Capital Management LLC now owns 34,466 shares of the financial services provider’s stock worth $4,426,000 after buying an additional 94 shares during the last quarter. Vestcor Inc grew its holdings in Intercontinental Exchange by 0.5% in the 4th quarter. Vestcor Inc now owns 17,924 shares of the financial services provider’s stock valued at $1,839,000 after buying an additional 94 shares in the last quarter. Finally, HBK Sorce Advisory LLC increased its stake in shares of Intercontinental Exchange by 4.8% in the 3rd quarter. HBK Sorce Advisory LLC now owns 2,116 shares of the financial services provider’s stock worth $233,000 after acquiring an additional 97 shares during the last quarter. 87.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Intercontinental Exchange news, CAO James W. Namkung sold 1,182 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $132.03, for a total value of $156,059.46. Following the sale, the chief accounting officer now owns 16,396 shares of the company’s stock, valued at $2,164,763.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Intercontinental Exchange news, CAO James W. Namkung sold 1,182 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $132.03, for a total transaction of $156,059.46. Following the completion of the transaction, the chief accounting officer now owns 16,396 shares in the company, valued at $2,164,763.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 2,364 shares of the stock in a transaction that occurred 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 completion of the sale, the general counsel now owns 43,493 shares in the company, valued at $5,480,118. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 157,617 shares of company stock valued at $20,784,288. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

ICE has been the topic of several recent research reports. Citigroup boosted their price target on shares of Intercontinental Exchange from $146.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Morgan Stanley raised their price target on shares of Intercontinental Exchange from $133.00 to $139.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 13th. Raymond James upped their price objective on Intercontinental Exchange from $135.00 to $145.00 and gave the company a “strong-buy” rating in a report on Friday, January 5th. JPMorgan Chase & Co. increased their price target on Intercontinental Exchange from $142.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Finally, Rosenblatt Securities upped their target price on shares of Intercontinental Exchange from $154.00 to $164.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $145.83.

Check Out Our Latest Report on ICE

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $136.23 on Friday. The firm’s fifty day simple moving average is $133.57 and its 200-day simple moving average is $121.45. 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 stock has a market cap of $78.01 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 2.44 and a beta of 1.02. Intercontinental Exchange, Inc. has a fifty-two week low of $95.66 and a fifty-two week high of $140.43.

Intercontinental Exchange (NYSE:ICEGet Free Report) last issued its earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share 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 period in the prior year, the business posted $1.25 earnings per share. The firm’s revenue for the quarter was up 24.5% compared to the same quarter last year. Analysts expect that Intercontinental Exchange, Inc. will post 5.91 earnings per share for the current fiscal year.

Intercontinental Exchange Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.45 dividend. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, March 14th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 42.86%.

About Intercontinental Exchange

(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.

Further Reading

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

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