Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by First National Bank of Hutchinson

First National Bank of Hutchinson increased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,547 shares of the financial services provider’s stock after buying an additional 87 shares during the period. First National Bank of Hutchinson’s holdings in Intercontinental Exchange were worth $529,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ICE. Sandy Spring Bank grew its position in shares of Intercontinental Exchange by 6.3% during the 4th quarter. Sandy Spring Bank now owns 14,901 shares of the financial services provider’s stock valued at $2,220,000 after acquiring an additional 885 shares during the period. Royal London Asset Management Ltd. boosted its position in Intercontinental Exchange by 1.6% during the fourth quarter. Royal London Asset Management Ltd. now owns 310,802 shares of the financial services provider’s stock worth $46,313,000 after purchasing an additional 5,008 shares in the last quarter. Generali Investments Management Co LLC acquired a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $799,000. Investment House LLC increased its position in shares of Intercontinental Exchange by 0.5% in the fourth quarter. Investment House LLC now owns 174,854 shares of the financial services provider’s stock valued at $26,055,000 after buying an additional 831 shares in the last quarter. Finally, Vinva Investment Management Ltd raised its stake in shares of Intercontinental Exchange by 30.8% during the 4th quarter. Vinva Investment Management Ltd now owns 28,412 shares of the financial services provider’s stock worth $4,244,000 after buying an additional 6,692 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ICE. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. UBS Group boosted their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Barclays raised their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $178.80.

Insider Buying and Selling

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 601 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total transaction of $88,785.73. Following the transaction, the insider now directly owns 12,922 shares in the company, valued at $1,908,967.06. This represents a 4.44 % 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, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction 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 sale, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,563 shares of company stock valued at $10,998,990. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $173.59 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $163.08 and a 200 day moving average price of $159.89. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $175.41. The stock has a market cap of $99.74 billion, a P/E ratio of 36.32, a PEG ratio of 2.10 and a beta of 1.08.

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 net margin of 23.42% and a return on equity of 12.95%. Sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

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.