Intercontinental Exchange Inc. $ICE Stock Position Lowered by Keybank National Association OH

Keybank National Association OH decreased its position in Intercontinental Exchange Inc. (NYSE:ICE) by 0.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 356,059 shares of the financial services provider’s stock after selling 2,975 shares during the period. Keybank National Association OH’s holdings in Intercontinental Exchange were worth $59,989,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ICE. Princeton Global Asset Management LLC acquired a new stake in shares of Intercontinental Exchange during the second quarter worth $28,000. Westside Investment Management Inc. acquired a new stake in Intercontinental Exchange during the 2nd quarter worth about $29,000. Private Wealth Management Group LLC lifted its stake in Intercontinental Exchange by 59.5% during the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock valued at $30,000 after buying an additional 66 shares in the last quarter. Hilltop National Bank acquired a new position in shares of Intercontinental Exchange in the second quarter worth about $31,000. Finally, Knuff & Co LLC increased its position in shares of Intercontinental Exchange by 73.3% in the second quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 74 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intercontinental Exchange

In related news, Director Judith A. Sprieser sold 3,700 shares of Intercontinental Exchange stock in a transaction on Friday, December 5th. The shares were sold at an average price of $157.96, for a total value of $584,452.00. Following the completion of the sale, the director owned 14,469 shares of the company’s stock, valued at approximately $2,285,523.24. The trade was a 20.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Douglas Foley sold 1,600 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $163.20, for a total transaction of $261,120.00. Following the completion of the sale, the senior vice president owned 24,196 shares of the company’s stock, valued at $3,948,787.20. This represents a 6.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 166,068 shares of company stock worth $25,470,702 in the last ninety days. Company insiders own 1.00% of the company’s stock.

Intercontinental Exchange Trading Down 0.8%

Shares of NYSE ICE opened at $173.66 on Friday. The business has a 50 day simple moving average of $164.03 and a 200 day simple moving average of $166.97. Intercontinental Exchange Inc. has a 52 week low of $143.17 and a 52 week high of $189.35. The stock has a market cap of $99.02 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 2.16 and a beta of 1.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.71. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.55 earnings per share. On average, research analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on ICE shares. Piper Sandler restated an “overweight” rating and issued a $195.00 price target (down previously from $202.00) on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. Royal Bank Of Canada restated an “outperform” rating and issued a $180.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 6th. JPMorgan Chase & Co. lowered their price target on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Keefe, Bruyette & Woods raised Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. Finally, Wall Street Zen lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Saturday, January 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $193.50.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.