First National Advisers LLC Raises Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

First National Advisers LLC boosted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 10.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,962 shares of the financial services provider’s stock after purchasing an additional 956 shares during the quarter. First National Advisers LLC’s holdings in Intercontinental Exchange were worth $1,484,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Glenview Trust co increased its holdings in Intercontinental Exchange by 19.0% during the 4th quarter. Glenview Trust co now owns 5,408 shares of the financial services provider’s stock worth $806,000 after purchasing an additional 864 shares during the period. Greenwich Wealth Management LLC increased its holdings in Intercontinental Exchange by 1.4% during the 4th quarter. Greenwich Wealth Management LLC now owns 18,980 shares of the financial services provider’s stock worth $2,828,000 after purchasing an additional 261 shares during the period. one8zero8 LLC purchased a new stake in Intercontinental Exchange during the 4th quarter worth about $285,000. Natixis Advisors LLC increased its holdings in Intercontinental Exchange by 3.7% during the 4th quarter. Natixis Advisors LLC now owns 1,754,422 shares of the financial services provider’s stock worth $261,427,000 after purchasing an additional 62,384 shares during the period. Finally, Frank Rimerman Advisors LLC increased its holdings in Intercontinental Exchange by 28.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 6,144 shares of the financial services provider’s stock worth $916,000 after purchasing an additional 1,351 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. lowered their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. UBS Group upped their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Barclays upped their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods upped their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $178.80.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $171.28 on Friday. The company has a market cap of $98.41 billion, a price-to-earnings ratio of 35.83, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. The stock has a 50 day simple moving average of $161.47 and a 200-day simple moving average of $159.64. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $175.41. 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 (NYSE:ICE) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate 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, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.12%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is currently 40.17%.

Insider Activity at Intercontinental Exchange

In related news, SVP Douglas Foley sold 10,580 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $166.47, for a total value of $1,761,252.60. Following the completion of the transaction, the senior vice president now directly owns 21,992 shares of the company’s stock, valued at $3,661,008.24. This trade represents a 32.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the transaction, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at $1,955,212.20. The trade was a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,313 shares of company stock valued at $11,113,733 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

About Intercontinental Exchange

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.