Campbell Newman Asset Management Inc. Trims Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Campbell Newman Asset Management Inc. trimmed its holdings in Intercontinental Exchange, Inc. (NYSE:ICEFree Report) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,242 shares of the financial services provider’s stock after selling 16,380 shares during the period. Intercontinental Exchange comprises about 2.6% of Campbell Newman Asset Management Inc.’s investment portfolio, making the stock its 14th biggest position. Campbell Newman Asset Management Inc.’s holdings in Intercontinental Exchange were worth $32,371,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Intercontinental Exchange by 54.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,381 shares of the financial services provider’s stock worth $1,547,000 after purchasing an additional 3,648 shares during the period. Park Avenue Securities LLC grew its position in shares of Intercontinental Exchange by 21.2% during the fourth quarter. Park Avenue Securities LLC now owns 29,271 shares of the financial services provider’s stock valued at $4,362,000 after purchasing an additional 5,113 shares in the last quarter. Rockland Trust Co. increased its position in Intercontinental Exchange by 4,001.9% in the fourth quarter. Rockland Trust Co. now owns 107,838 shares of the financial services provider’s stock worth $16,069,000 after purchasing an additional 105,209 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Intercontinental Exchange by 14.3% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 8,303 shares of the financial services provider’s stock valued at $1,237,000 after acquiring an additional 1,040 shares during the last quarter. Finally, Community Trust & Investment Co. grew its position in Intercontinental Exchange by 1.4% in the fourth quarter. Community Trust & Investment Co. now owns 125,284 shares of the financial services provider’s stock worth $18,668,000 after acquiring an additional 1,680 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling

In other news, President Benjamin Jackson sold 5,828 shares of the stock in a transaction 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 sale, the president now owns 156,163 shares in the company, valued at approximately $24,986,080. This represents a 3.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the sale, the chief operating officer now owns 12,780 shares in the company, valued at $1,955,212.20. The trade was a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,533 shares of company stock worth $1,196,279 in the last three months. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Stock Up 2.0 %

Shares of ICE traded up $2.86 during mid-day trading on Wednesday, hitting $148.11. The company’s stock had a trading volume of 323,346 shares, compared to its average volume of 2,727,943. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average is $153.62 and its 200-day moving average is $155.53. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $167.99. The firm has a market capitalization of $85.04 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 2.57 and a beta of 1.10.

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 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 analyst estimates of $2.35 billion. During the same quarter in the prior year, the business earned $1.46 earnings per share. Intercontinental Exchange’s revenue was up 17.3% on a year-over-year basis. On average, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. TD Cowen started coverage on shares of Intercontinental Exchange in a report on Thursday, September 26th. They set a “buy” rating and a $182.00 price target on the stock. JPMorgan Chase & Co. upped their target price on Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods cut their price objective on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $175.20.

View Our Latest Stock Analysis on ICE

Intercontinental Exchange Company Profile

(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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