Stock Yards Bank & Trust Co. Sells 2,843 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Stock Yards Bank & Trust Co. lowered its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 50.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,836 shares of the financial services provider’s stock after selling 2,843 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Intercontinental Exchange were worth $423,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ICE. GPS Wealth Strategies Group LLC boosted its position in Intercontinental Exchange by 54.9% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 367 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 130 shares during the last quarter. Western Pacific Wealth Management LP lifted its position in shares of Intercontinental Exchange by 53.7% in the fourth quarter. Western Pacific Wealth Management LP now owns 2,705 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 945 shares in the last quarter. McAdam LLC boosted its holdings in Intercontinental Exchange by 6.6% during the fourth quarter. McAdam LLC now owns 1,588 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 98 shares during the last quarter. Greenleaf Trust grew its position in Intercontinental Exchange by 2.9% in the fourth quarter. Greenleaf Trust now owns 16,118 shares of the financial services provider’s stock valued at $2,402,000 after purchasing an additional 457 shares in the last quarter. Finally, Golden State Equity Partners grew its position in Intercontinental Exchange by 40.7% in the fourth quarter. Golden State Equity Partners now owns 1,656 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 479 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Buying and Selling at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the transaction, the insider now directly owns 12,922 shares in the company, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction on Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the transaction, the president now owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. This trade represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,795 shares of company stock worth $2,120,572 over the last three months. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $160.40 on Tuesday. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $167.99. The company’s 50 day moving average price is $153.12 and its two-hundred day moving average price is $156.54. The stock has a market cap of $92.10 billion, a P/E ratio of 38.01, a P/E/G ratio of 3.06 and a beta of 1.10. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ICE shares. Raymond James downgraded shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective for the company. in a research note on Monday, October 14th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft increased their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Piper Sandler boosted their target price on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $175.27.

Intercontinental Exchange Company 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.