Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division decreased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 5.5% during the 4th quarter, Holdings Channel reports. The fund owned 9,525 shares of the financial services provider’s stock after selling 559 shares during the quarter. Moody National Bank Trust Division’s holdings in Intercontinental Exchange were worth $1,419,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ICE. HBK Sorce Advisory LLC boosted its holdings in Intercontinental Exchange by 3.7% in the second quarter. HBK Sorce Advisory LLC now owns 2,112 shares of the financial services provider’s stock valued at $289,000 after purchasing an additional 75 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Intercontinental Exchange by 2.8% in the 2nd quarter. Parallel Advisors LLC now owns 6,016 shares of the financial services provider’s stock valued at $824,000 after buying an additional 164 shares in the last quarter. Thoroughbred Financial Services LLC acquired a new position in shares of Intercontinental Exchange in the 2nd quarter valued at $238,000. Envestnet Asset Management Inc. grew its position in shares of Intercontinental Exchange by 5.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,062,336 shares of the financial services provider’s stock valued at $145,423,000 after buying an additional 53,506 shares during the last quarter. Finally, Rathbones Group PLC raised its stake in Intercontinental Exchange by 10.5% during the 2nd quarter. Rathbones Group PLC now owns 2,342 shares of the financial services provider’s stock worth $321,000 after acquiring an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 0.7 %

NYSE ICE opened at $143.84 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $82.59 billion, a P/E ratio of 34.09, a P/E/G ratio of 2.57 and a beta of 1.10. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $167.99. The firm has a 50-day moving average price of $153.88 and a 200 day moving average price of $155.47.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) 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 business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the business posted $1.46 EPS. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. Equities research analysts expect that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Finally, Morgan Stanley increased their price target on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $175.20.

Insider Buying and Selling at Intercontinental Exchange

In other news, President Benjamin Jackson sold 5,828 shares of the stock in a transaction that occurred 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 directly owns 156,163 shares in the company, valued at $24,986,080. This represents 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 through the SEC website. Also, COO Stuart Glen Williams sold 750 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the transaction, the chief operating officer now directly owns 12,780 shares of the company’s stock, 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. Over the last quarter, insiders sold 7,533 shares of company stock valued at $1,196,279. 1.10% of the stock is owned by company insiders.

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.