Whittier Trust Co. Has $799,000 Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Whittier Trust Co. reduced its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 5.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 5,840 shares of the financial services provider’s stock after selling 326 shares during the period. Whittier Trust Co.’s holdings in Intercontinental Exchange were worth $799,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. American National Bank raised its holdings in Intercontinental Exchange by 13.8% in the 2nd quarter. American National Bank now owns 569 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 69 shares during the period. Catalyst Financial Partners LLC increased its holdings in shares of Intercontinental Exchange by 3.4% during the second quarter. Catalyst Financial Partners LLC now owns 2,223 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 73 shares during the period. Pettyjohn Wood & White Inc. increased its holdings in shares of Intercontinental Exchange by 0.5% during the fourth quarter. Pettyjohn Wood & White Inc. now owns 15,813 shares of the financial services provider’s stock worth $2,031,000 after purchasing an additional 75 shares during the period. Busey Bank increased its holdings in shares of Intercontinental Exchange by 3.4% during the first quarter. Busey Bank now owns 2,439 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 80 shares during the period. Finally, Western Pacific Wealth Management LP increased its holdings in shares of Intercontinental Exchange by 4.9% during the fourth quarter. Western Pacific Wealth Management LP now owns 1,715 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 80 shares during the period. 89.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $168.00 target price on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Barclays raised their target price on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Citigroup raised their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Argus reissued a “buy” rating and issued a $153.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.93.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock traded up $0.45 during mid-day trading on Thursday, reaching $161.22. The company had a trading volume of 508,208 shares, compared to its average volume of 2,440,218. Intercontinental Exchange, Inc. has a fifty-two week low of $104.49 and a fifty-two week high of $161.97. The company has a current ratio of 0.99, a quick ratio of 1.01 and a debt-to-equity ratio of 0.69. The company has a market cap of $92.47 billion, a P/E ratio of 36.87, a P/E/G ratio of 2.68 and a beta of 1.06. The business has a fifty day simple moving average of $148.26 and a 200 day simple moving average of $139.81.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the business posted $1.43 earnings per share. The company’s quarterly revenue was up 22.7% on a year-over-year basis. On average, equities research analysts predict that Intercontinental Exchange, Inc. will post 6 earnings per share for the current year.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange 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 value of $259,380.68. Following the sale, the general counsel now owns 46,815 shares in the company, valued at $6,397,737.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Christopher Scott Edmonds sold 1,000 shares of Intercontinental Exchange stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total transaction of $148,600.00. Following the transaction, the insider now owns 14,636 shares in the company, valued at $2,174,909.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total transaction of $259,380.68. Following the transaction, the general counsel now owns 46,815 shares in the company, valued at approximately $6,397,737.90. The disclosure for this sale can be found here. Insiders have sold 64,405 shares of company stock worth $9,161,011 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Company 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.