Citizens & Northern Corp Sells 472 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Citizens & Northern Corp trimmed its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,664 shares of the financial services provider’s stock after selling 472 shares during the period. Citizens & Northern Corp’s holdings in Intercontinental Exchange were worth $1,626,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ICE. Jones Financial Companies Lllp acquired a new stake in Intercontinental Exchange in the 3rd quarter valued at $26,000. Fortitude Family Office LLC acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at $28,000. Stuart Chaussee & Associates Inc. bought a new stake in shares of Intercontinental Exchange in the 4th quarter worth about $28,000. Altshuler Shaham Ltd acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth about $29,000. Finally, Sachetta LLC bought a new position in Intercontinental Exchange during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity

In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average price of $0.87 per share, with a total value of $2,402,947.83. Following the purchase, the insider now owns 7,476,345 shares of the company’s stock, valued at approximately $6,504,420.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, General Counsel Andrew J. Surdykowski sold 341 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $131.74, for a total transaction of $44,923.34. Following the completion of the sale, the general counsel now owns 48,713 shares of the company’s stock, valued at $6,417,450.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost of $0.87 per share, for a total transaction of $2,402,947.83. Following the completion of the transaction, the insider now directly owns 7,476,345 shares in the company, valued at approximately $6,504,420.15. The disclosure for this purchase can be found here. Insiders sold 61,467 shares of company stock valued at $8,433,168 in the last quarter. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

ICE has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Argus reaffirmed a “buy” rating and set a $153.00 price target on shares of Intercontinental Exchange in a report on Tuesday. Bank of America decreased their target price on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, April 19th. JPMorgan Chase & Co. upped their price target on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, Barclays reduced their target price on shares of Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $148.29.

Intercontinental Exchange Trading Down 1.2 %

NYSE:ICE traded down $1.68 during mid-day trading on Thursday, hitting $135.21. The company had a trading volume of 914,871 shares, compared to its average volume of 2,324,937. The firm has a market cap of $77.56 billion, a P/E ratio of 31.40, a P/E/G ratio of 2.56 and a beta of 1.02. Intercontinental Exchange, Inc. has a fifty-two week low of $103.81 and a fifty-two week high of $140.43. The business’s fifty day moving average is $134.24 and its two-hundred day moving average is $128.45. 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 (NYSE:ICE) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.48. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. Intercontinental Exchange’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period last year, the company posted $1.41 EPS. As a group, research analysts expect that Intercontinental Exchange, Inc. will post 5.95 earnings per share for the current year.

Intercontinental Exchange Profile

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.