Amarillo National Bank Purchases Shares of 1,550 Intercontinental Exchange, Inc. (NYSE:ICE)

Amarillo National Bank acquired a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) during the first quarter, HoldingsChannel reports. The firm acquired 1,550 shares of the financial services provider’s stock, valued at approximately $213,000.

Several other large investors also recently made changes to their positions in ICE. Scarborough Advisors LLC bought a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $25,000. Annapolis Financial Services LLC increased its holdings in shares of Intercontinental Exchange by 1,018.8% during the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 163 shares during the last quarter. Redmont Wealth Advisors LLC bought a new stake in Intercontinental Exchange in the 1st quarter valued at $26,000. Fortitude Family Office LLC acquired a new stake in Intercontinental Exchange during the 4th quarter valued at $28,000. Finally, Stuart Chaussee & Associates Inc. acquired a new stake in Intercontinental Exchange during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 2,267 shares of Intercontinental Exchange stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total transaction of $305,070.19. Following the transaction, the director now owns 28,849 shares in the company, valued at $3,882,209.93. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total transaction of $259,380.68. Following the completion of the sale, the general counsel now owns 46,815 shares of the company’s stock, valued at approximately $6,397,737.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Judith A. Sprieser sold 2,267 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total transaction of $305,070.19. Following the transaction, the director now owns 28,849 shares in the company, valued at approximately $3,882,209.93. The disclosure for this sale can be found here. Insiders sold a total of 4,506 shares of company stock worth $609,374 in the last quarter. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ICE shares. Keefe, Bruyette & Woods dropped their price objective on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Citigroup increased their price target on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Rosenblatt Securities restated a “buy” rating and set a $164.00 price objective on shares of Intercontinental Exchange in a report on Friday, May 3rd. Bank of America lowered their target price on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Finally, StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.29.

Intercontinental Exchange Price Performance

Shares of NYSE ICE traded up $0.34 during mid-day trading on Thursday, hitting $141.16. 2,070,106 shares of the stock traded hands, compared to its average volume of 2,469,574. The company has a market cap of $80.97 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 2.62 and a beta of 1.06. Intercontinental Exchange, Inc. has a twelve month low of $104.49 and a twelve month high of $141.59. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $134.96 and a two-hundred day simple moving average of $133.18.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, meeting the consensus estimate of $1.48. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The business’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period last year, the company earned $1.41 earnings per share. As a group, equities research analysts forecast that Intercontinental Exchange, Inc. will post 5.96 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.