Intercontinental Exchange Inc. $ICE Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co decreased its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 6.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,074 shares of the financial services provider’s stock after selling 648 shares during the period. CENTRAL TRUST Co’s holdings in Intercontinental Exchange were worth $1,665,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its holdings in Intercontinental Exchange by 491.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,433,497 shares of the financial services provider’s stock valued at $1,109,780,000 after acquiring an additional 5,345,388 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Intercontinental Exchange in the 1st quarter worth about $575,383,000. Wellington Management Group LLP raised its holdings in shares of Intercontinental Exchange by 113.9% during the first quarter. Wellington Management Group LLP now owns 5,943,363 shares of the financial services provider’s stock valued at $1,025,230,000 after buying an additional 3,165,381 shares during the last quarter. C WorldWide Group Holding A S raised its stake in Intercontinental Exchange by 29,199.5% during the 2nd quarter. C WorldWide Group Holding A S now owns 1,652,201 shares of the financial services provider’s stock valued at $303,129,000 after acquiring an additional 1,646,562 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Intercontinental Exchange by 31.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,575,859 shares of the financial services provider’s stock valued at $616,836,000 after purchasing an additional 861,679 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 10,082 shares of the business’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $158.88, for a total value of $1,601,828.16. Following the sale, the chief technology officer owned 65,240 shares in the company, valued at approximately $10,365,331.20. The trade was a 13.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Douglas Foley sold 1,600 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $175.62, for a total transaction of $280,992.00. Following the completion of the transaction, the senior vice president owned 25,796 shares in the company, valued at approximately $4,530,293.52. This trade represents a 5.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 23,587 shares of company stock valued at $3,989,936. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. dropped their target price on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Keefe, Bruyette & Woods raised shares of Intercontinental Exchange to a “moderate buy” rating in a research note on Monday, October 6th. UBS Group decreased their target price on Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Barclays set a $183.00 price target on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, Morgan Stanley lowered their target price on Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $194.70.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $154.00 on Thursday. Intercontinental Exchange Inc. has a 52-week low of $142.29 and a 52-week high of $189.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $87.81 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of 2.11 and a beta of 1.06. The company’s fifty day moving average is $161.05 and its two-hundred day moving average is $172.89.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, hitting analysts’ consensus estimates of $1.71. The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.49 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $1.55 EPS. Equities research analysts forecast that Intercontinental Exchange Inc. will post 6.73 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.