Parkside Financial Bank & Trust Increases Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Parkside Financial Bank & Trust lifted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 18.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,516 shares of the financial services provider’s stock after acquiring an additional 233 shares during the period. Parkside Financial Bank & Trust’s holdings in Intercontinental Exchange were worth $226,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ICE. Integrated Advisors Network LLC lifted its holdings in shares of Intercontinental Exchange by 4.0% during the 3rd quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 66 shares during the period. Pinnacle Associates Ltd. lifted its holdings in shares of Intercontinental Exchange by 9.2% during the 3rd quarter. Pinnacle Associates Ltd. now owns 10,120 shares of the financial services provider’s stock worth $1,626,000 after acquiring an additional 854 shares during the period. SteelPeak Wealth LLC purchased a new position in Intercontinental Exchange in the third quarter valued at approximately $240,000. US Bancorp DE raised its holdings in Intercontinental Exchange by 6.3% in the third quarter. US Bancorp DE now owns 160,215 shares of the financial services provider’s stock valued at $25,737,000 after buying an additional 9,500 shares during the period. Finally, Roanoke Asset Management Corp NY purchased a new position in Intercontinental Exchange in the third quarter valued at approximately $340,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on ICE. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a report on Monday, November 11th. UBS Group raised their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Keefe, Bruyette & Woods raised their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Barclays raised their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $178.80.

Intercontinental Exchange Stock Up 1.4 %

ICE stock opened at $173.21 on Friday. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month 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 company has a market capitalization of $99.52 billion, a P/E ratio of 36.24, a PEG ratio of 2.10 and a beta of 1.11. The firm has a 50 day simple moving average of $157.41 and a 200-day simple moving average of $158.79.

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

Intercontinental Exchange Dividend Announcement

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

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction on Wednesday, December 18th. The shares were 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 owns 12,780 shares of the company’s stock, valued at $1,955,212.20. The trade was a 5.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the completion of the transaction, the president now directly owns 155,174 shares of the company’s stock, valued at approximately $25,855,091.88. This represents a 9.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,268 shares of company stock valued at $11,262,789. 1.10% of the stock is currently owned by corporate insiders.

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.