390 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Bought by Security National Bank

Security National Bank bought a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICEFree Report) in the 4th quarter, HoldingsChannel reports. The fund bought 390 shares of the financial services provider’s stock, valued at approximately $50,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Fortitude Family Office LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $28,000. Stuart Chaussee & Associates Inc. acquired a new position in Intercontinental Exchange in the fourth quarter valued at approximately $28,000. Altshuler Shaham Ltd acquired a new position in Intercontinental Exchange in the fourth quarter valued at approximately $29,000. Sachetta LLC bought a new position in shares of Intercontinental Exchange during the fourth quarter valued at approximately $29,000. Finally, Frazier Financial Advisors LLC bought a new stake in shares of Intercontinental Exchange in the 4th quarter worth approximately $29,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ICE has been the subject of a number of recent research reports. Argus restated a “buy” rating and set a $153.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. Piper Sandler lifted their price objective on shares of Intercontinental Exchange from $135.00 to $149.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Rosenblatt Securities restated a “buy” rating and issued a $164.00 target price on shares of Intercontinental Exchange in a research report on Friday, May 3rd. StockNews.com cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, May 31st. Finally, Keefe, Bruyette & Woods decreased their price objective on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $148.29.

Read Our Latest Stock Report on Intercontinental Exchange

Intercontinental Exchange Stock Down 0.8 %

NYSE ICE traded down $1.07 during trading on Friday, reaching $133.79. The company’s stock had a trading volume of 2,843,907 shares, compared to its average volume of 1,769,650. The business has a 50-day moving average price of $133.81 and a 200-day moving average price of $130.36. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $140.43. The stock has a market capitalization of $76.74 billion, a PE ratio of 30.69, a PEG ratio of 2.51 and a beta of 1.06. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76.

Intercontinental Exchange (NYSE:ICEGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.48. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. Intercontinental Exchange’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.41 EPS. On average, research analysts forecast that Intercontinental Exchange, Inc. will post 5.96 earnings per share for the current fiscal year.

Insider Transactions at Intercontinental Exchange

In related news, Director Judith A. Sprieser sold 2,238 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $137.36, for a total value of $307,411.68. Following the completion of the sale, the director now directly owns 29,347 shares in the company, valued at approximately $4,031,103.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, General Counsel Andrew J. Surdykowski sold 341 shares of Intercontinental Exchange stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $131.74, for a total value of $44,923.34. Following the transaction, the general counsel now directly owns 48,713 shares in the company, valued at $6,417,450.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judith A. Sprieser sold 2,238 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $137.36, for a total value of $307,411.68. Following the sale, the director now owns 29,347 shares of the company’s stock, valued at approximately $4,031,103.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,234 shares of company stock worth $8,668,823. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intercontinental Exchange, Inc. (NYSE:ICEFree Report).

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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