Intercontinental Exchange, Inc. (NYSE:ICE) Position Trimmed by Union Savings Bank

Union Savings Bank trimmed its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,474 shares of the financial services provider’s stock after selling 336 shares during the period. Union Savings Bank’s holdings in Intercontinental Exchange were worth $446,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at approximately $26,000. Fortitude Family Office LLC purchased a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $28,000. Stuart Chaussee & Associates Inc. purchased a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $28,000. Altshuler Shaham Ltd purchased a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $29,000. Finally, Sachetta LLC purchased a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $29,000. 89.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc bought 2,762,009 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $0.87 per share, for a total transaction of $2,402,947.83. Following the completion of the acquisition, the insider now owns 7,476,345 shares of the company’s stock, valued at approximately $6,504,420.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Intercontinental Exchange, Inc bought 2,762,009 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was bought at an average price of $0.87 per share, for a total transaction of $2,402,947.83. Following the purchase, the insider now owns 7,476,345 shares in the company, valued at approximately $6,504,420.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 341 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $131.74, for a total transaction of $44,923.34. Following the sale, the general counsel now owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,467 shares of company stock worth $8,433,168. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on ICE. JPMorgan Chase & Co. increased their target price on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods cut their price target on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Argus reissued a “buy” rating and set a $153.00 price target on shares of Intercontinental Exchange in a report on Tuesday. Piper Sandler lifted their price target on shares of Intercontinental Exchange from $135.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $164.00 price target on shares of Intercontinental Exchange in a report on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.29.

Intercontinental Exchange Trading Down 0.3 %

NYSE:ICE traded down $0.38 during trading hours on Wednesday, hitting $136.89. The stock had a trading volume of 1,295,663 shares, compared to its average volume of 2,339,940. Intercontinental Exchange, Inc. has a one year low of $103.81 and a one year high of $140.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $78.52 billion, a price-to-earnings ratio of 31.48, a P/E/G ratio of 2.56 and a beta of 1.02. The business’s 50 day moving average is $134.26 and its 200-day moving average is $128.39.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.48. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the prior year, the firm earned $1.41 earnings per share. The firm’s revenue was up 20.8% compared to the same quarter last year. Sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 5.95 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.