Nixon Peabody Trust Co. Sells 5,523 Shares of Intercontinental Exchange Inc. $ICE

Nixon Peabody Trust Co. trimmed its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 5.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 90,612 shares of the financial services provider’s stock after selling 5,523 shares during the quarter. Intercontinental Exchange comprises about 1.1% of Nixon Peabody Trust Co.’s investment portfolio, making the stock its 22nd largest holding. Nixon Peabody Trust Co.’s holdings in Intercontinental Exchange were worth $14,251,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ares Financial Consulting LLC purchased a new stake in Intercontinental Exchange during the fourth quarter valued at approximately $25,000. Holos Integrated Wealth LLC acquired a new position in shares of Intercontinental Exchange during the fourth quarter worth $28,000. Steph & Co. increased its position in shares of Intercontinental Exchange by 104.7% during the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 89 shares in the last quarter. Brooklands Fund Management Ltd purchased a new stake in shares of Intercontinental Exchange during the 4th quarter valued at $28,000. Finally, Swiss RE Ltd. acquired a new stake in shares of Intercontinental Exchange in the 4th quarter worth $28,000. 89.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Warren Gardiner sold 2,490 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $156.64, for a total value of $390,033.60. Following the sale, the chief financial officer directly owned 25,189 shares of the company’s stock, valued at $3,945,604.96. This represents a 9.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 4,573 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $151.56, for a total transaction of $693,083.88. Following the completion of the sale, the general counsel owned 45,473 shares in the company, valued at $6,891,887.88. The trade was a 9.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,425 shares of company stock worth $2,046,324 in the last quarter. 0.84% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Stock Down 0.3%

Intercontinental Exchange stock opened at $132.57 on Friday. The business’s 50-day simple moving average is $144.62 and its two-hundred day simple moving average is $156.46. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $74.97 billion, a PE ratio of 19.30, a PEG ratio of 1.24 and a beta of 0.94. Intercontinental Exchange Inc. has a fifty-two week low of $121.79 and a fifty-two week high of $189.35.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.12. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The firm had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same period last year, the business posted $1.72 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities analysts anticipate that Intercontinental Exchange Inc. will post 8.37 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on ICE shares. Weiss Ratings downgraded Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. The Goldman Sachs Group decreased their price target on Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday. UBS Group restated a “buy” rating and set a $205.00 price target on shares of Intercontinental Exchange in a research note on Wednesday, May 20th. Rothschild & Co Redburn set a $177.00 price objective on shares of Intercontinental Exchange in a report on Thursday, June 11th. Finally, Barclays reaffirmed an “overweight” rating and issued a $201.00 price objective (up from $198.00) on shares of Intercontinental Exchange in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $188.58.

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.