Bangor Savings Bank Decreases Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Bangor Savings Bank lessened its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,804 shares of the financial services provider’s stock after selling 434 shares during the period. Bangor Savings Bank’s holdings in Intercontinental Exchange were worth $1,908,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ICE. Iowa State Bank boosted its holdings in Intercontinental Exchange by 0.9% in the 4th quarter. Iowa State Bank now owns 30,194 shares of the financial services provider’s stock worth $4,499,000 after buying an additional 267 shares during the period. CWA Asset Management Group LLC boosted its holdings in shares of Intercontinental Exchange by 1.5% in the fourth quarter. CWA Asset Management Group LLC now owns 5,431 shares of the financial services provider’s stock worth $809,000 after acquiring an additional 82 shares during the period. Nordea Investment Management AB grew its position in shares of Intercontinental Exchange by 8.4% in the fourth quarter. Nordea Investment Management AB now owns 63,369 shares of the financial services provider’s stock valued at $9,449,000 after purchasing an additional 4,893 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Intercontinental Exchange by 10.6% during the 4th quarter. GAMMA Investing LLC now owns 9,246 shares of the financial services provider’s stock valued at $1,378,000 after purchasing an additional 887 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of Intercontinental Exchange by 199.5% during the 4th quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 397 shares during the period. Institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the sale, the president now owns 156,163 shares of the company’s stock, valued at $24,986,080. This trade represents a 3.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stuart Glen Williams sold 750 shares of the company’s 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 transaction, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,533 shares of company stock worth $1,196,279 over the last three months. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the subject of a number of recent analyst reports. Raymond James lowered Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price for the company. in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. increased their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. TD Cowen initiated coverage on shares of Intercontinental Exchange in a research report on Thursday, September 26th. They set a “buy” rating and a $182.00 price target for the company. Finally, Bank of America increased their price objective on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $175.07.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $145.94 on Tuesday. The company has a market capitalization of $83.80 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 2.57 and a beta of 1.10. The business has a 50 day moving average of $155.33 and a 200 day moving average of $155.21. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $167.99.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data 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 net margin of 21.31% and a return on equity of 12.75%. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the business posted $1.46 EPS. The business’s quarterly revenue was up 17.3% on a year-over-year basis. On average, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

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.