23,439 Shares in Intercontinental Exchange Inc. $ICE Bought by First National Bank of Omaha

First National Bank of Omaha bought a new position in Intercontinental Exchange Inc. (NYSE:ICE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 23,439 shares of the financial services provider’s stock, valued at approximately $2,886,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Intercontinental Exchange by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 54,153,170 shares of the financial services provider’s stock valued at $8,770,647,000 after purchasing an additional 413,639 shares in the last quarter. J. Stern & Co. LLP boosted its position in shares of Intercontinental Exchange by 17,398.1% during the fourth quarter. J. Stern & Co. LLP now owns 54,107,273 shares of the financial services provider’s stock worth $8,763,214,000 after buying an additional 53,798,055 shares during the period. BlackRock Inc. bought a new position in shares of Intercontinental Exchange during the second quarter worth about $6,245,085,000. State Street Corp raised its holdings in shares of Intercontinental Exchange by 3.4% in the fourth quarter. State Street Corp now owns 25,653,952 shares of the financial services provider’s stock valued at $4,154,914,000 after purchasing an additional 837,208 shares during the last quarter. Finally, Morgan Stanley increased its stake in Intercontinental Exchange by 1.0% in the 4th quarter. Morgan Stanley now owns 15,875,593 shares of the financial services provider’s stock valued at $2,571,212,000 after buying an additional 158,450 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling

In related news, SVP Douglas Foley sold 7,300 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $148.88, for a total transaction of $1,086,824.00. Following the sale, the senior vice president owned 19,063 shares of the company’s stock, valued at $2,838,099.44. This trade represents a 27.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 4,573 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $151.56, for a total value of $693,083.88. Following the sale, the general counsel owned 45,473 shares in the company, valued at $6,891,887.88. This represents a 9.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,376 shares of company stock worth $2,746,946 in the last ninety days. Insiders own 0.84% of the company’s stock.

Intercontinental Exchange Price Performance

ICE stock opened at $156.30 on Wednesday. The stock has a market cap of $87.75 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 1.52 and a beta of 0.92. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. The company has a 50 day simple moving average of $141.20 and a 200 day simple moving average of $151.86. Intercontinental Exchange Inc. has a 1 year low of $121.79 and a 1 year high of $181.72.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $2.63 billion. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $1.81 earnings per share. Research analysts anticipate that Intercontinental Exchange Inc. will post 8.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ICE. Raymond James Financial set a $208.00 price target on Intercontinental Exchange in a research report on Monday, July 6th. UBS Group restated a “buy” rating and set a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Barclays reissued an “overweight” rating and set a $182.00 target price (up from $180.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $178.00 price target on shares of Intercontinental Exchange in a research note on Friday, July 31st. Finally, Weiss Ratings downgraded shares of Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and an average target price of $183.33.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.