Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by CNB Bank

CNB Bank lowered its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 25.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,220 shares of the financial services provider’s stock after selling 1,106 shares during the quarter. CNB Bank’s holdings in Intercontinental Exchange were worth $517,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its position in Intercontinental Exchange by 819.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider’s stock worth $18,764,000 after purchasing an additional 122,169 shares during the period. Russell Investments Group Ltd. raised its position in Intercontinental Exchange by 7.0% during the first quarter. Russell Investments Group Ltd. now owns 317,544 shares of the financial services provider’s stock valued at $43,617,000 after acquiring an additional 20,802 shares in the last quarter. Mission Wealth Management LP purchased a new position in Intercontinental Exchange during the first quarter valued at approximately $866,000. Lloyd Advisory Services LLC. lifted its holdings in Intercontinental Exchange by 610.7% in the first quarter. Lloyd Advisory Services LLC. now owns 12,885 shares of the financial services provider’s stock valued at $1,771,000 after acquiring an additional 11,072 shares during the period. Finally, UniSuper Management Pty Ltd boosted its position in Intercontinental Exchange by 200.2% in the 1st quarter. UniSuper Management Pty Ltd now owns 14,459 shares of the financial services provider’s stock worth $1,987,000 after purchasing an additional 9,642 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $166.83 on Friday. The company’s 50-day moving average is $160.55 and its two-hundred day moving average is $146.26. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $167.23. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $95.69 billion, a price-to-earnings ratio of 38.26, a PEG ratio of 2.62 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 earnings per share. Analysts forecast that Intercontinental Exchange, Inc. will post 6.08 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Friday, October 4th. JPMorgan Chase & Co. upped their price objective on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $168.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, Bank of America raised their price objective on Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.80.

Insider Activity

In related news, CAO James W. Namkung sold 1,043 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $150.00, for a total transaction of $156,450.00. Following the completion of the sale, the chief accounting officer now directly owns 17,836 shares of the company’s stock, valued at approximately $2,675,400. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Martha A. Tirinnanzi sold 509 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $158.98, for a total transaction of $80,920.82. Following the sale, the director now owns 3,958 shares of the company’s stock, valued at approximately $629,242.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO James W. Namkung sold 1,043 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $150.00, for a total value of $156,450.00. Following the sale, the chief accounting officer now owns 17,836 shares in the company, valued at approximately $2,675,400. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,532 shares of company stock valued at $1,358,709 in the last quarter. 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.