Intercontinental Exchange Inc. $ICE Shares Newly Purchased by NBT Bank N.A.

NBT Bank N.A. bought a new position in Intercontinental Exchange Inc. (NYSE:ICE) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 11,675 shares of the financial services provider’s stock, valued at approximately $1,775,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Kintegral Advisory LLC lifted its holdings in shares of Intercontinental Exchange by 0.6% in the third quarter. Kintegral Advisory LLC now owns 11,435 shares of the financial services provider’s stock worth $1,738,000 after buying an additional 64 shares in the last quarter. Gilpin Wealth Management LLC boosted its position in shares of Intercontinental Exchange by 6.3% in the third quarter. Gilpin Wealth Management LLC now owns 1,118 shares of the financial services provider’s stock valued at $170,000 after acquiring an additional 66 shares during the period. Cornerstone Planning Group LLC boosted its position in shares of Intercontinental Exchange by 33.5% in the first quarter. Cornerstone Planning Group LLC now owns 271 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 68 shares during the period. Chemistry Wealth Management LLC grew its stake in Intercontinental Exchange by 0.9% during the third quarter. Chemistry Wealth Management LLC now owns 7,773 shares of the financial services provider’s stock valued at $1,182,000 after acquiring an additional 68 shares in the last quarter. Finally, Capstone Financial Advisors Inc. grew its stake in Intercontinental Exchange by 1.4% during the second quarter. Capstone Financial Advisors Inc. now owns 5,116 shares of the financial services provider’s stock valued at $630,000 after acquiring an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Transactions at Intercontinental Exchange

In other news, General Counsel Andrew Surdykowski sold 4,574 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $161.77, for a total value of $739,935.98. Following the completion of the transaction, the general counsel directly owned 43,065 shares in the company, valued at approximately $6,966,625.05. This represents a 9.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher Edmonds sold 5,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $160.59, for a total value of $802,950.00. Following the transaction, the insider owned 14,367 shares in the company, valued at $2,307,196.53. This trade represents a 25.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 41,179 shares of company stock worth $6,473,715. Company insiders own 0.84% of the company’s stock.

Intercontinental Exchange Stock Down 0.7%

Shares of NYSE:ICE opened at $162.73 on Friday. Intercontinental Exchange Inc. has a 52-week low of $121.79 and a 52-week high of $176.05. The firm has a fifty day moving average of $157.26 and a 200 day moving average of $150.89. The firm has a market capitalization of $91.36 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 1.51 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter in the prior year, the firm earned $1.81 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. As a group, research analysts anticipate that Intercontinental Exchange Inc. will post 8.20 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ICE shares. The Goldman Sachs Group upped their target price on shares of Intercontinental Exchange from $192.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $178.00 price target (up from $169.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. UBS Group restated a “buy” rating and set a $195.00 price target (up from $190.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Weiss Ratings raised shares of Intercontinental Exchange from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, Jefferies Financial Group dropped their price objective on Intercontinental Exchange from $189.00 to $185.00 in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $186.31.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc (NYSE:ICE) is a global operator of exchanges, clearinghouses, data services and technology platforms. The company owns and operates the New York Stock Exchange and other exchanges serving equity, options, futures and over-the-counter markets. Its marketplaces support trading in areas including energy, agricultural commodities, interest rates, currencies, equity indexes and individual stocks.

ICE also provides clearing and settlement services that help manage counterparty and transaction risk, along with market data, analytics, connectivity and other technology solutions for financial institutions and businesses.