Trust Co. of Toledo NA OH Increases Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Trust Co. of Toledo NA OH grew its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,107 shares of the financial services provider’s stock after acquiring an additional 1,874 shares during the period. Trust Co. of Toledo NA OH’s holdings in Intercontinental Exchange were worth $4,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of ICE. Fairscale Capital LLC purchased a new stake in Intercontinental Exchange in the second quarter worth about $25,000. Wolff Wiese Magana LLC boosted its position in shares of Intercontinental Exchange by 1,470.0% in the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 147 shares during the period. Northwest Investment Counselors LLC purchased a new stake in shares of Intercontinental Exchange in the third quarter worth $26,000. Financial Management Professionals Inc. raised its position in shares of Intercontinental Exchange by 106.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 87 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of Intercontinental Exchange during the 3rd quarter valued at $29,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the transaction, the president now owns 156,163 shares in the company, valued at $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stuart Glen Williams sold 750 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the sale, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. The trade was a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,533 shares of company stock valued at $1,196,279. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Trading Up 0.4 %

ICE traded up $0.50 on Monday, reaching $143.30. 506,630 shares of the company traded hands, compared to its average volume of 2,591,224. The company has a market cap of $82.28 billion, a P/E ratio of 33.96, a price-to-earnings-growth ratio of 2.57 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 one year low of $124.34 and a one year high of $167.99. The firm has a fifty day simple moving average of $154.09 and a two-hundred day simple moving average of $155.43.

Intercontinental Exchange (NYSE:ICE) last posted 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. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 earnings per share. As a group, equities research analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Analyst Ratings Changes

ICE has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Piper Sandler boosted their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group increased their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $174.53.

Intercontinental Exchange 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.