Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Bank of Stockton

Bank of Stockton lessened its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,280 shares of the financial services provider’s stock after selling 240 shares during the quarter. Bank of Stockton’s holdings in Intercontinental Exchange were worth $340,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bradley Foster & Sargent Inc. CT increased its holdings in shares of Intercontinental Exchange by 6,756.9% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 303,351 shares of the financial services provider’s stock valued at $45,202,000 after purchasing an additional 298,927 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its holdings in shares of Intercontinental Exchange by 72.0% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 2,207 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 924 shares during the last quarter. Arcadia Investment Management Corp MI increased its holdings in shares of Intercontinental Exchange by 1.5% in the fourth quarter. Arcadia Investment Management Corp MI now owns 96,015 shares of the financial services provider’s stock valued at $14,307,000 after purchasing an additional 1,448 shares during the last quarter. Waterfront Wealth Inc. increased its holdings in shares of Intercontinental Exchange by 2.7% in the fourth quarter. Waterfront Wealth Inc. now owns 10,129 shares of the financial services provider’s stock valued at $1,509,000 after purchasing an additional 264 shares during the last quarter. Finally, Nicholson Wealth Management Group LLC increased its holdings in shares of Intercontinental Exchange by 109.5% in the fourth quarter. Nicholson Wealth Management Group LLC now owns 9,197 shares of the financial services provider’s stock valued at $1,370,000 after purchasing an additional 4,808 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ICE. UBS Group increased their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Barclays raised their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $178.80.

Intercontinental Exchange Trading Up 0.0 %

ICE opened at $167.00 on Friday. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $169.78. The business has a fifty day simple moving average of $155.18 and a 200-day simple moving average of $157.99. The firm has a market cap of $95.95 billion, a P/E ratio of 34.94, a P/E/G ratio of 2.11 and a beta of 1.11. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. On average, equities analysts expect that Intercontinental Exchange, Inc. will post 6.71 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.15%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 37.66%.

Insider Activity at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 6,834 shares of Intercontinental Exchange stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total value of $1,141,209.66. Following the completion of the transaction, the insider now directly owns 17,972 shares in the company, valued at approximately $3,001,144.28. This trade represents a 27.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $166.62, for a total value of $2,849,868.48. Following the completion of the transaction, the president now owns 155,174 shares of the company’s stock, valued at approximately $25,855,091.88. This trade represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,196 shares of company stock worth $10,840,972. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Company Profile

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.