Community Trust & Investment Co. Has $18.67 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Community Trust & Investment Co. grew its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICEFree Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 125,284 shares of the financial services provider’s stock after buying an additional 1,680 shares during the period. Intercontinental Exchange makes up 1.2% of Community Trust & Investment Co.’s investment portfolio, making the stock its 26th largest holding. Community Trust & Investment Co.’s holdings in Intercontinental Exchange were worth $18,668,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ICE. Janus Henderson Group PLC grew its holdings in Intercontinental Exchange by 326.3% in the third quarter. Janus Henderson Group PLC now owns 4,520,639 shares of the financial services provider’s stock worth $726,196,000 after purchasing an additional 3,460,096 shares during the period. FMR LLC grew its stake in shares of Intercontinental Exchange by 44.1% in the 3rd quarter. FMR LLC now owns 7,846,421 shares of the financial services provider’s stock valued at $1,260,449,000 after buying an additional 2,401,630 shares during the period. Two Sigma Advisers LP increased its position in Intercontinental Exchange by 285.9% in the 3rd quarter. Two Sigma Advisers LP now owns 1,756,400 shares of the financial services provider’s stock valued at $282,148,000 after buying an additional 1,301,200 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Intercontinental Exchange by 426.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 721,474 shares of the financial services provider’s stock worth $115,898,000 after buying an additional 584,400 shares during the period. Finally, Samlyn Capital LLC boosted its holdings in Intercontinental Exchange by 142.2% in the second quarter. Samlyn Capital LLC now owns 835,654 shares of the financial services provider’s stock worth $114,393,000 after acquiring an additional 490,671 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ICE. Raymond James downgraded shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective on the stock. in a report on Monday, October 14th. JPMorgan Chase & Co. boosted their price objective on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Barclays dropped their target price on Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a report on Monday. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group raised their price objective on Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $175.20.

Read Our Latest Stock Report on ICE

Intercontinental Exchange Stock Up 0.9 %

ICE opened at $145.13 on Wednesday. The company has a market cap of $83.33 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. The company has a 50 day moving average of $153.62 and a 200 day moving average of $155.53. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $167.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICEGet Free Report) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the firm posted $1.46 EPS. Intercontinental Exchange’s revenue was up 17.3% on a year-over-year basis. On average, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Insider Activity at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 955 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total value of $149,056.40. Following the sale, the general counsel now directly owns 44,702 shares of the company’s stock, valued at $6,977,088.16. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the transaction, the president now directly owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,533 shares of company stock valued at $1,196,279. Company insiders own 1.10% of the company’s stock.

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.

See Also

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

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