Nixon Peabody Trust Co. Boosts Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Nixon Peabody Trust Co. lifted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,380 shares of the financial services provider’s stock after purchasing an additional 899 shares during the period. Intercontinental Exchange comprises about 1.5% of Nixon Peabody Trust Co.’s portfolio, making the stock its 19th largest holding. Nixon Peabody Trust Co.’s holdings in Intercontinental Exchange were worth $18,374,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Intech Investment Management LLC lifted its stake in shares of Intercontinental Exchange by 77.0% in the first quarter. Intech Investment Management LLC now owns 15,338 shares of the financial services provider’s stock worth $2,108,000 after buying an additional 6,673 shares in the last quarter. Jacobi Capital Management LLC raised its position in shares of Intercontinental Exchange by 86.4% during the 1st quarter. Jacobi Capital Management LLC now owns 3,733 shares of the financial services provider’s stock valued at $513,000 after buying an additional 1,730 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in Intercontinental Exchange by 30.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 39,759 shares of the financial services provider’s stock valued at $5,464,000 after acquiring an additional 9,340 shares during the last quarter. UniSuper Management Pty Ltd grew its position in Intercontinental Exchange by 200.2% in the first quarter. UniSuper Management Pty Ltd now owns 14,459 shares of the financial services provider’s stock worth $1,987,000 after acquiring an additional 9,642 shares during the period. Finally, Bessemer Group Inc. increased its stake in Intercontinental Exchange by 0.7% during the first quarter. Bessemer Group Inc. now owns 2,795,043 shares of the financial services provider’s stock worth $384,122,000 after acquiring an additional 19,127 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analysts Set New Price Targets

ICE has been the topic of several recent analyst reports. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. TD Cowen initiated coverage on shares of Intercontinental Exchange in a research note on Thursday, September 26th. They set a “buy” rating and a $182.00 target price for the company. Morgan Stanley boosted their price target on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Friday, November 1st. Finally, Raymond James cut Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target on the stock. in a research note on Monday, October 14th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $174.13.

Insider Activity at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 602 shares of Intercontinental Exchange stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $98,011.62. Following the transaction, the insider now owns 14,034 shares in the company, valued at approximately $2,284,875.54. The trade was a 4.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Stuart Glen Williams sold 468 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $76,195.08. Following the completion of the sale, the chief operating officer now owns 13,530 shares of the company’s stock, valued at approximately $2,202,819.30. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,489 shares of company stock valued at $1,202,259. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE traded down $0.06 during trading on Monday, reaching $155.49. The company had a trading volume of 214,182 shares, compared to its average volume of 2,559,219. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s fifty day moving average price is $160.97 and its 200 day moving average price is $150.22. Intercontinental Exchange, Inc. has a fifty-two week low of $110.64 and a fifty-two week high of $167.99. The firm has a market capitalization of $89.28 billion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 2.57 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results 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. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the business posted $1.46 earnings per share. The business’s revenue was up 17.3% compared to the same quarter last year. As a group, equities research analysts predict that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

About Intercontinental Exchange

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.