1,736 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Purchased by First National Trust Co

First National Trust Co purchased a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,736 shares of the financial services provider’s stock, valued at approximately $223,000.

Several other institutional investors have also bought and sold shares of ICE. Commonwealth Equity Services LLC increased its holdings in shares of Intercontinental Exchange by 4.3% in the third quarter. Commonwealth Equity Services LLC now owns 41,212 shares of the financial services provider’s stock worth $4,534,000 after purchasing an additional 1,716 shares during the period. Concord Wealth Partners increased its holdings in shares of Intercontinental Exchange by 622.5% in the 3rd quarter. Concord Wealth Partners now owns 1,640 shares of the financial services provider’s stock worth $180,000 after buying an additional 1,413 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of Intercontinental Exchange by 11.4% during the 3rd quarter. Lindbrook Capital LLC now owns 1,459 shares of the financial services provider’s stock valued at $161,000 after buying an additional 149 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Intercontinental Exchange by 11.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 215,422 shares of the financial services provider’s stock worth $23,701,000 after acquiring an additional 21,827 shares in the last quarter. Finally, BluePath Capital Management LLC purchased a new position in shares of Intercontinental Exchange in the 3rd quarter worth about $140,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the subject of several analyst reports. Rosenblatt Securities restated a “buy” rating and set a $164.00 price target on shares of Intercontinental Exchange in a research report on Friday. Bank of America reduced their price target on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. JPMorgan Chase & Co. boosted their price objective on Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday. Morgan Stanley raised their target price on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Finally, Piper Sandler increased their price target on shares of Intercontinental Exchange from $135.00 to $149.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.92.

Insider Buying and Selling at Intercontinental Exchange

In related news, CFO Warren Gardiner sold 2,176 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $136.00, for a total value of $295,936.00. Following the completion of the sale, the chief financial officer now directly owns 12,061 shares of the company’s stock, valued at approximately $1,640,296. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Warren Gardiner sold 2,176 shares of Intercontinental Exchange stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $136.00, for a total value of $295,936.00. Following the completion of the transaction, the chief financial officer now owns 12,061 shares in the company, valued at $1,640,296. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO James W. Namkung sold 1,182 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $132.03, for a total value of $156,059.46. Following the completion of the transaction, the chief accounting officer now owns 16,396 shares of the company’s stock, valued at approximately $2,164,763.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 157,832 shares of company stock valued at $21,499,127. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE traded up $0.44 during trading hours on Monday, hitting $130.94. The stock had a trading volume of 93,502 shares, compared to its average volume of 2,399,184. Intercontinental Exchange, Inc. has a 12 month low of $103.81 and a 12 month high of $140.43. The stock has a fifty day moving average price of $135.01 and a 200 day moving average price of $126.02. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $75.11 billion, a PE ratio of 29.93, a PEG ratio of 2.14 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.48. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the firm posted $1.41 earnings per share. The firm’s revenue was up 20.8% compared to the same quarter last year. Analysts anticipate that Intercontinental Exchange, Inc. will post 5.95 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.80 annualized dividend and a yield of 1.37%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 41.28%.

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.