CNB Bank Has $459,000 Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

CNB Bank decreased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,082 shares of the financial services provider’s stock after selling 138 shares during the period. CNB Bank’s holdings in Intercontinental Exchange were worth $459,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ICE. Avanza Fonder AB acquired a new position in Intercontinental Exchange in the fourth quarter valued at approximately $6,390,000. Procyon Advisors LLC raised its position in shares of Intercontinental Exchange by 70.2% during the 4th quarter. Procyon Advisors LLC now owns 10,802 shares of the financial services provider’s stock valued at $1,610,000 after acquiring an additional 4,457 shares during the last quarter. Tompkins Financial Corp lifted its stake in shares of Intercontinental Exchange by 1.7% in the 4th quarter. Tompkins Financial Corp now owns 33,391 shares of the financial services provider’s stock valued at $4,976,000 after purchasing an additional 551 shares during the period. Central Valley Advisors LLC boosted its position in shares of Intercontinental Exchange by 3.5% in the 4th quarter. Central Valley Advisors LLC now owns 11,543 shares of the financial services provider’s stock worth $1,720,000 after purchasing an additional 388 shares during the last quarter. Finally, JGP Wealth Management LLC grew its stake in shares of Intercontinental Exchange by 1.1% during the fourth quarter. JGP Wealth Management LLC now owns 78,570 shares of the financial services provider’s stock worth $11,708,000 after purchasing an additional 827 shares during the period. 89.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the sale, the chief operating officer now owns 12,780 shares in the company, valued at $1,955,212.20. This trade represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total value of $149,056.40. Following the sale, the general counsel now owns 44,702 shares in the company, valued at approximately $6,977,088.16. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,533 shares of company stock valued at $1,196,279 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Morgan Stanley increased their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. upped their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group increased their target price on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Piper Sandler boosted their price target on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average target price of $175.20.

Intercontinental Exchange Trading Up 0.2 %

ICE stock opened at $150.48 on Friday. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $167.99. The stock has a market cap of $86.40 billion, a price-to-earnings ratio of 35.66, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. The company has a fifty day moving average price of $153.47 and a two-hundred day moving average price of $155.48. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the firm posted $1.46 EPS. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. Equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.06 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.