Argent Trust Co trimmed its position in Intercontinental Exchange Inc (NYSE:ICE) by 5.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,785 shares of the financial services provider’s stock after selling 581 shares during the period. Argent Trust Co’s holdings in Intercontinental Exchange were worth $790,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Virtus ETF Advisers LLC acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $26,000. Princeton Global Asset Management LLC acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $28,000. Engrave Wealth Partners LLC acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $29,000. Solstein Capital LLC acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $33,000. Finally, Smith Asset Management Group LP raised its position in shares of Intercontinental Exchange by 350.0% in the 4th quarter. Smith Asset Management Group LP now owns 360 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 280 shares during the period. Institutional investors and hedge funds own 90.40% of the company’s stock.
ICE has been the topic of a number of analyst reports. UBS Group increased their price target on shares of Intercontinental Exchange from $106.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Zacks Investment Research cut Intercontinental Exchange from a “hold” rating to a “sell” rating and set a $105.00 target price for the company. in a research note on Thursday, March 5th. Berenberg Bank raised Intercontinental Exchange from a “hold” rating to a “buy” rating and increased their target price for the stock from $101.00 to $106.00 in a research note on Monday, April 20th. Rosenblatt Securities reissued a “buy” rating and set a $104.00 target price on shares of Intercontinental Exchange in a research note on Friday, May 1st. Finally, Deutsche Bank increased their target price on Intercontinental Exchange from $105.00 to $107.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $102.21.
Shares of ICE traded up $0.91 during mid-day trading on Friday, hitting $93.77. 1,747,467 shares of the company’s stock were exchanged, compared to its average volume of 2,658,635. The company has a market cap of $50.82 billion, a PE ratio of 25.01, a P/E/G ratio of 2.54 and a beta of 0.54. Intercontinental Exchange Inc has a 52 week low of $63.51 and a 52 week high of $101.93. The company has a 50-day simple moving average of $89.14 and a 200 day simple moving average of $91.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.99 and a quick ratio of 0.99.
Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.04. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Intercontinental Exchange had a net margin of 29.65% and a return on equity of 13.85%. The business’s quarterly revenue was up 22.8% on a year-over-year basis. During the same period last year, the business earned $0.92 EPS. On average, analysts anticipate that Intercontinental Exchange Inc will post 4.49 earnings per share for the current year.
In other news, CEO Jeffrey C. Sprecher sold 175,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $87.22, for a total value of $15,263,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 37,232 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $93.89, for a total value of $3,495,712.48. Following the completion of the sale, the chief executive officer now directly owns 1,496,000 shares of the company’s stock, valued at approximately $140,459,440. The disclosure for this sale can be found here. In the last three months, insiders sold 216,223 shares of company stock valued at $19,123,431. 1.50% of the stock is currently owned by insiders.
Intercontinental Exchange Profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.
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