CNB Bank Has $459,000 Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

CNB Bank trimmed its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 4.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,082 shares of the financial services provider’s stock after selling 138 shares during the quarter. CNB Bank’s holdings in Intercontinental Exchange were worth $459,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Avanza Fonder AB bought a new stake in Intercontinental Exchange in the fourth quarter valued at $6,390,000. Procyon Advisors LLC grew its stake in shares of Intercontinental Exchange by 70.2% in the 4th quarter. Procyon Advisors LLC now owns 10,802 shares of the financial services provider’s stock worth $1,610,000 after acquiring an additional 4,457 shares in the last quarter. Tompkins Financial Corp boosted its holdings in Intercontinental Exchange by 1.7% during the fourth quarter. Tompkins Financial Corp now owns 33,391 shares of the financial services provider’s stock worth $4,976,000 after purchasing an additional 551 shares during the last quarter. Central Valley Advisors LLC grew its position in Intercontinental Exchange by 3.5% in the 4th quarter. Central Valley Advisors LLC now owns 11,543 shares of the financial services provider’s stock worth $1,720,000 after purchasing an additional 388 shares in the last quarter. Finally, JGP Wealth Management LLC increased its stake in Intercontinental Exchange by 1.1% in the 4th quarter. JGP Wealth Management LLC now owns 78,570 shares of the financial services provider’s stock valued at $11,708,000 after buying an additional 827 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

ICE has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods decreased their price target on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft raised their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Barclays reduced their price target on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating for the company in a research report on Monday. JPMorgan Chase & Co. increased their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, TD Cowen initiated coverage on shares of Intercontinental Exchange in a report on Thursday, September 26th. They issued a “buy” rating and a $182.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $175.20.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $150.48 on Friday. The firm has a market capitalization of $86.40 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 2.29 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $167.99. The company’s fifty day moving average price is $153.47 and its 200-day moving average price is $155.48.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.55. The firm had revenue of $2.35 billion during 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 company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.46 EPS. On average, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Stuart Glen Williams sold 750 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer now owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. The trade was a 5.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Benjamin Jackson sold 5,828 shares of the firm’s stock in a transaction that occurred 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 transaction, the president now owns 156,163 shares in the company, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,533 shares of company stock valued at $1,196,279. 1.10% of the stock is currently owned by corporate insiders.

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.