Trust Co. of Vermont Has $9.25 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Trust Co. of Vermont decreased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 10.3% in the 4th quarter, HoldingsChannel reports. The fund owned 62,078 shares of the financial services provider’s stock after selling 7,132 shares during the period. Trust Co. of Vermont’s holdings in Intercontinental Exchange were worth $9,250,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in shares of Intercontinental Exchange by 24.2% in the second quarter. Renaissance Technologies LLC now owns 216,957 shares of the financial services provider’s stock valued at $29,699,000 after purchasing an additional 42,218 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its stake in Intercontinental Exchange by 57.5% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 4,425 shares of the financial services provider’s stock valued at $606,000 after acquiring an additional 1,615 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of Intercontinental Exchange by 37.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 31,728 shares of the financial services provider’s stock worth $4,348,000 after acquiring an additional 8,714 shares in the last quarter. XTX Topco Ltd raised its holdings in shares of Intercontinental Exchange by 351.8% in the second quarter. XTX Topco Ltd now owns 12,126 shares of the financial services provider’s stock valued at $1,660,000 after purchasing an additional 9,442 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of Intercontinental Exchange by 1.2% during the second quarter. Intech Investment Management LLC now owns 15,527 shares of the financial services provider’s stock valued at $2,125,000 after purchasing an additional 189 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on ICE. Bank of America increased their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods dropped their price objective on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, The Goldman Sachs Group raised their target price on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $175.27.

Insider Buying and Selling

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction dated 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 directly owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total value of $149,056.40. Following the sale, the general counsel now owns 44,702 shares in the company, valued at approximately $6,977,088.16. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,795 shares of company stock valued at $2,120,572 over the last quarter. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Trading Down 0.8 %

ICE stock traded down $1.16 during trading on Friday, hitting $149.07. 3,301,963 shares of the company traded hands, compared to its average volume of 2,416,945. The firm has a market capitalization of $85.59 billion, a PE ratio of 35.33, a P/E/G ratio of 2.29 and a beta of 1.10. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $167.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The company has a 50-day moving average of $153.35 and a 200-day moving average of $155.44.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the business posted $1.46 earnings per share. Intercontinental Exchange’s revenue for the quarter was up 17.3% on a year-over-year basis. Analysts predict that Intercontinental Exchange, Inc. will post 6.06 earnings per share for the current fiscal year.

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.