Hills Bank & Trust Co Sells 390 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Hills Bank & Trust Co lessened its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,312 shares of the financial services provider’s stock after selling 390 shares during the quarter. Intercontinental Exchange makes up about 0.8% of Hills Bank & Trust Co’s investment portfolio, making the stock its 28th largest position. Hills Bank & Trust Co’s holdings in Intercontinental Exchange were worth $7,746,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ICE. UNIVEST FINANCIAL Corp raised its position in shares of Intercontinental Exchange by 4.2% in the 4th quarter. UNIVEST FINANCIAL Corp now owns 2,230 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 90 shares during the period. Vinva Investment Management Ltd lifted its stake in shares of Intercontinental Exchange by 0.6% during the 3rd quarter. Vinva Investment Management Ltd now owns 16,736 shares of the financial services provider’s stock worth $1,855,000 after buying an additional 93 shares during the last quarter. Timber Creek Capital Management LLC boosted its holdings in shares of Intercontinental Exchange by 0.3% during the 4th quarter. Timber Creek Capital Management LLC now owns 34,466 shares of the financial services provider’s stock worth $4,426,000 after buying an additional 94 shares during the period. HBK Sorce Advisory LLC raised its holdings in Intercontinental Exchange by 4.8% in the 3rd quarter. HBK Sorce Advisory LLC now owns 2,116 shares of the financial services provider’s stock valued at $233,000 after acquiring an additional 97 shares during the period. Finally, West Coast Financial LLC lifted its position in Intercontinental Exchange by 4.6% during the fourth quarter. West Coast Financial LLC now owns 2,248 shares of the financial services provider’s stock worth $289,000 after acquiring an additional 98 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 48,166 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $136.35, for a total transaction of $6,567,434.10. Following the sale, the chief executive officer now owns 1,179,895 shares of the company’s stock, valued at approximately $160,878,683.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Intercontinental Exchange, Inc bought 2,762,009 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average cost of $0.87 per share, with a total value of $2,402,947.83. Following the completion of the acquisition, the insider now directly owns 7,476,345 shares in the company, valued at $6,504,420.15. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey C. Sprecher sold 48,166 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $136.35, for a total transaction of $6,567,434.10. Following the sale, the chief executive officer now directly owns 1,179,895 shares in the company, valued at $160,878,683.25. The disclosure for this sale can be found here. Insiders have sold 152,867 shares of company stock valued at $20,843,598 in the last quarter. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock traded down $1.41 on Friday, hitting $133.54. 998,697 shares of the company’s stock were exchanged, compared to its average volume of 2,380,010. The company has a 50-day simple moving average of $134.60 and a 200-day simple moving average of $126.46. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange, Inc. has a 1 year low of $103.81 and a 1 year high of $140.43. The stock has a market capitalization of $76.60 billion, a PE ratio of 30.79, a PEG ratio of 2.14 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) 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. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter last year, the business posted $1.41 earnings per share. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. As a group, equities analysts anticipate that Intercontinental Exchange, Inc. will post 5.95 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, June 13th. Intercontinental Exchange’s payout ratio is currently 41.28%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays reduced their price objective on Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Citigroup lifted their price target on Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. lifted their target price on Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Keefe, Bruyette & Woods cut their price objective on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $164.00 price objective on shares of Intercontinental Exchange in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.92.

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.