Intercontinental Exchange, Inc. (NYSE:ICE) Holdings Decreased by AMG National Trust Bank

AMG National Trust Bank reduced its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,022 shares of the financial services provider’s stock after selling 217 shares during the period. AMG National Trust Bank’s holdings in Intercontinental Exchange were worth $646,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. New Millennium Group LLC purchased a new stake in shares of Intercontinental Exchange in the second quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new stake in Intercontinental Exchange in the 2nd quarter worth approximately $25,000. Fairscale Capital LLC purchased a new stake in Intercontinental Exchange in the 2nd quarter worth approximately $25,000. Wolff Wiese Magana LLC boosted its stake in shares of Intercontinental Exchange by 1,470.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after buying an additional 147 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Intercontinental Exchange during the 3rd quarter valued at $26,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on ICE. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $168.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Morgan Stanley boosted their target price on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average target price of $174.13.

Intercontinental Exchange Stock Up 0.2 %

ICE opened at $157.93 on Wednesday. Intercontinental Exchange, Inc. has a 1-year low of $110.64 and a 1-year high of $167.99. The business has a 50 day moving average of $160.81 and a 200-day moving average of $150.63. The stock has a market capitalization of $90.68 billion, a price-to-earnings ratio of 37.42, a P/E/G ratio of 2.57 and a beta of 1.08. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.55. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period last year, the business posted $1.46 EPS. As a group, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, Director Martha A. Tirinnanzi sold 509 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $158.98, for a total value of $80,920.82. Following the sale, the director now owns 3,958 shares of the company’s stock, valued at $629,242.84. The trade was a 11.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO James W. Namkung sold 1,171 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $160.00, for a total transaction of $187,360.00. Following the transaction, the chief accounting officer now directly owns 16,665 shares of the company’s stock, valued at $2,666,400. The trade was a 6.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,489 shares of company stock worth $1,202,259 over the last three months. Company insiders own 1.10% of the company’s stock.

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.