Nixon Peabody Trust Co. Sells 69 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Nixon Peabody Trust Co. reduced its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,311 shares of the financial services provider’s stock after selling 69 shares during the quarter. Intercontinental Exchange accounts for approximately 1.4% of Nixon Peabody Trust Co.’s holdings, making the stock its 21st biggest position. Nixon Peabody Trust Co.’s holdings in Intercontinental Exchange were worth $17,033,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in Intercontinental Exchange during the 4th quarter valued at $25,000. Capital Performance Advisors LLP acquired a new position in shares of Intercontinental Exchange in the 3rd quarter valued at $29,000. FSA Wealth Management LLC acquired a new position in shares of Intercontinental Exchange in the 3rd quarter valued at $31,000. BankPlus Trust Department acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at $40,000. Finally, Planning Capital Management Corp raised its stake in shares of Intercontinental Exchange by 96.7% in the 3rd quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock valued at $48,000 after buying an additional 147 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Intercontinental Exchange news, SVP Douglas Foley sold 10,580 shares of Intercontinental Exchange stock in a transaction on Friday, February 7th. The shares were sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the completion of the transaction, the senior vice president now directly owns 21,992 shares of the company’s stock, valued at $3,661,008.24. The trade was a 32.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the transaction, the president now directly owns 147,274 shares of the company’s stock, valued at approximately $25,247,181.82. This trade represents a 5.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,268 shares of company stock valued at $11,262,789 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Price Performance

NYSE:ICE opened at $173.21 on Friday. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $173.54. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a fifty day simple moving average of $157.41 and a 200 day simple moving average of $158.76. The stock has a market capitalization of $99.52 billion, a PE ratio of 36.24, a P/E/G ratio of 2.10 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. On average, research analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.11%. Intercontinental Exchange’s dividend payout ratio (DPR) is 40.17%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. JPMorgan Chase & Co. decreased their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

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.