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

Central Pacific Bank Trust Division trimmed its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,982 shares of the financial services provider’s stock after selling 700 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Intercontinental Exchange were worth $2,232,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ICE. Wolff Wiese Magana LLC grew its holdings in Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after buying an additional 147 shares during the period. Northwest Investment Counselors LLC purchased a new stake in Intercontinental Exchange during the 3rd quarter worth $26,000. Financial Management Professionals Inc. grew its stake in shares of Intercontinental Exchange by 106.1% in the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock valued at $27,000 after buying an additional 87 shares in the last quarter. Fairscale Capital LLC purchased a new stake in shares of Intercontinental Exchange during the second quarter valued at approximately $25,000. Finally, Capital Performance Advisors LLP acquired a new position in Intercontinental Exchange in the 3rd quarter worth $29,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Performance

NYSE ICE traded up $0.45 on Friday, hitting $149.79. The stock had a trading volume of 450,241 shares, compared to its average volume of 1,178,466. The company’s 50-day moving average is $156.05 and its two-hundred day moving average is $154.80. The stock has a market cap of $86.01 billion, a price-to-earnings ratio of 35.50, a P/E/G ratio of 2.57 and a beta of 1.08. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $167.99.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period last year, the firm earned $1.46 EPS. The firm’s revenue was up 17.3% compared to the same quarter last year. On average, analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 750 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 7,533 shares of company stock worth $1,196,279 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ICE shares. Bank of America upped their target price on Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Raymond James downgraded shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price for the company. in a research report on Monday, October 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Friday, November 1st. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. increased their target price on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $175.07.

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.