Indiana Trust & Investment Management Co Raises Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Indiana Trust & Investment Management Co boosted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 13.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,571 shares of the financial services provider’s stock after acquiring an additional 425 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in Intercontinental Exchange were worth $574,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Annapolis Financial Services LLC grew its position in Intercontinental Exchange by 1,018.8% during the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 163 shares during the last quarter. New Millennium Group LLC acquired a new position in Intercontinental Exchange during the second quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new stake in Intercontinental Exchange during the 2nd quarter worth approximately $25,000. Fairscale Capital LLC purchased a new stake in shares of Intercontinental Exchange in the second quarter worth about $25,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Intercontinental Exchange in the 1st quarter worth $26,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Barclays raised their price target on Intercontinental Exchange from $167.00 to $179.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. JPMorgan Chase & Co. increased their price target on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Citigroup increased their target price on Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, TD Cowen assumed coverage on shares of Intercontinental Exchange in a research note on Thursday, September 26th. They set a “buy” rating and a $182.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $170.67.

Insider Buying and Selling at Intercontinental Exchange

In related news, CAO James W. Namkung sold 1,043 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total transaction of $156,450.00. Following the completion of the transaction, the chief accounting officer now owns 17,836 shares in the company, valued at approximately $2,675,400. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the sale, the general counsel now directly owns 44,865 shares in the company, valued at $7,159,108.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO James W. Namkung sold 1,043 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total transaction of $156,450.00. Following the transaction, the chief accounting officer now directly owns 17,836 shares in the company, valued at approximately $2,675,400. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,532 shares of company stock valued at $1,358,709 over the last quarter. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Stock Down 0.5 %

Shares of ICE stock traded down $0.86 during mid-day trading on Wednesday, hitting $164.32. 566,694 shares of the stock traded hands, compared to its average volume of 2,479,404. Intercontinental Exchange, Inc. has a 52-week low of $104.49 and a 52-week high of $167.23. The stock’s fifty day moving average is $159.80 and its two-hundred day moving average is $145.72. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $94.25 billion, a P/E ratio of 37.90, a P/E/G ratio of 2.62 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.03. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 EPS. Equities analysts predict that Intercontinental Exchange, Inc. will post 6.08 EPS for the current year.

About Intercontinental Exchange

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.