Iowa State Bank Acquires 267 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Iowa State Bank raised its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.9% in the 4th quarter, HoldingsChannel reports. The firm owned 30,194 shares of the financial services provider’s stock after purchasing an additional 267 shares during the quarter. Iowa State Bank’s holdings in Intercontinental Exchange were worth $4,499,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ICE. Wolff Wiese Magana LLC grew its holdings in Intercontinental Exchange by 1,470.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 147 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Intercontinental Exchange during the third quarter valued at approximately $26,000. Financial Management Professionals Inc. increased its holdings 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 purchasing an additional 87 shares in the last quarter. Fairscale Capital LLC acquired a new position in Intercontinental Exchange during the 2nd quarter worth $25,000. Finally, Capital Performance Advisors LLP bought a new position in Intercontinental Exchange in the 3rd quarter valued at $29,000. Institutional investors own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

ICE has been the topic of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research note on Friday, November 1st. Barclays raised their target price on shares of Intercontinental Exchange from $173.00 to $187.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Raymond James lowered shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective on the stock. in a report on Monday, October 14th. JPMorgan Chase & Co. increased their price target on Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price objective on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $175.07.

Insider Buying and Selling

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 750 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 12,780 shares in the company, valued at $1,955,212.20. This trade represents a 5.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total value of $149,056.40. Following the sale, the general counsel now owns 44,702 shares in the company, valued at approximately $6,977,088.16. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,533 shares of company stock worth $1,196,279. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Stock Down 2.4 %

Shares of Intercontinental Exchange stock traded down $3.55 during trading on Monday, reaching $146.29. The stock had a trading volume of 1,034,998 shares, compared to its average volume of 1,363,599. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $84.00 billion, a price-to-earnings ratio of 34.67, a P/E/G ratio of 2.57 and a beta of 1.10. The stock has a fifty day moving average price of $155.74 and a two-hundred day moving average price of $155.15. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $167.99.

Intercontinental Exchange (NYSE:ICE) last released 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. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 EPS. Sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

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.