Central Bank & Trust Co. Sells 776 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Central Bank & Trust Co. reduced its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 17.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,789 shares of the financial services provider’s stock after selling 776 shares during the period. Central Bank & Trust Co.’s holdings in Intercontinental Exchange were worth $565,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Intech Investment Management LLC grew its holdings in shares of Intercontinental Exchange by 1.2% during the 2nd quarter. Intech Investment Management LLC now owns 15,527 shares of the financial services provider’s stock worth $2,125,000 after purchasing an additional 189 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Intercontinental Exchange by 139.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,634 shares of the financial services provider’s stock worth $497,000 after buying an additional 2,117 shares in the last quarter. Sei Investments Co. grew its stake in Intercontinental Exchange by 14.3% during the second quarter. Sei Investments Co. now owns 398,803 shares of the financial services provider’s stock worth $54,592,000 after buying an additional 49,933 shares in the last quarter. ProShare Advisors LLC increased its holdings in Intercontinental Exchange by 5.0% in the 2nd quarter. ProShare Advisors LLC now owns 116,480 shares of the financial services provider’s stock valued at $15,945,000 after buying an additional 5,564 shares during the period. Finally, Frank Rimerman Advisors LLC raised its position in shares of Intercontinental Exchange by 16,435.7% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 4,630 shares of the financial services provider’s stock valued at $634,000 after buying an additional 4,602 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ICE shares. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Bank of America lifted their price target on Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group upped their price objective on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Finally, StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $175.27.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $149.07 on Tuesday. The stock has a market cap of $85.59 billion, a price-to-earnings ratio of 35.33, a P/E/G ratio of 2.29 and a beta of 1.10. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $167.99. The company’s fifty day moving average is $153.20 and its 200 day moving average is $155.73.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the firm posted $1.46 earnings per share. The business’s quarterly revenue was up 17.3% on a year-over-year basis. Sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.06 EPS for the current year.

Insider Buying and Selling at Intercontinental Exchange

In related news, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the sale, the president now owns 156,163 shares in the company, valued at $24,986,080. This represents a 3.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Mayur Kapani sold 5,661 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the transaction, the chief technology officer now directly owns 66,548 shares in the company, valued at approximately $9,821,819.32. This trade represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,795 shares of company stock valued at $2,120,572. 1.10% of the stock is currently owned by company insiders.

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.