CoreFirst Bank & Trust Takes Position in Intercontinental Exchange, Inc. (NYSE:ICE)

CoreFirst Bank & Trust bought a new position in Intercontinental Exchange, Inc. (NYSE:ICE) during the fourth quarter, Holdings Channel reports. The firm bought 2,605 shares of the financial services provider’s stock, valued at approximately $388,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. grew its holdings in shares of Intercontinental Exchange by 53.0% in the third quarter. Eagle Asset Management Inc. now owns 23,831 shares of the financial services provider’s stock valued at $3,728,000 after purchasing an additional 8,258 shares in the last quarter. Nwam LLC purchased a new position in shares of Intercontinental Exchange in the 3rd quarter worth $240,000. Great Valley Advisor Group Inc. bought a new stake in shares of Intercontinental Exchange in the 3rd quarter worth about $228,000. Kingsview Wealth Management LLC raised its position in shares of Intercontinental Exchange by 0.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 10,673 shares of the financial services provider’s stock valued at $1,715,000 after buying an additional 97 shares in the last quarter. Finally, Swedbank AB lifted its holdings in shares of Intercontinental Exchange by 9.0% in the 3rd quarter. Swedbank AB now owns 92,582 shares of the financial services provider’s stock valued at $14,872,000 after acquiring an additional 7,640 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,661 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the sale, the chief technology officer now directly owns 66,548 shares in the company, valued at $9,821,819.32. This trade represents a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Scott Edmonds sold 601 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the transaction, the insider now directly owns 12,922 shares in the company, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,563 shares of company stock valued at $10,998,990. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Price Performance

Shares of ICE stock opened at $175.27 on Tuesday. The stock has a market capitalization of $100.70 billion, a price-to-earnings ratio of 36.67, a P/E/G ratio of 2.10 and a beta of 1.08. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $176.16. The stock has a fifty day simple moving average of $164.92 and a two-hundred day simple moving average of $160.16.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. On average, analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.10%. Intercontinental Exchange’s dividend payout ratio is currently 40.17%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods increased their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Barclays lifted their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.80.

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.