Moody National Bank Trust Division Cuts Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Moody National Bank Trust Division cut its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,525 shares of the financial services provider’s stock after selling 559 shares during the quarter. Moody National Bank Trust Division’s holdings in Intercontinental Exchange were worth $1,419,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ICE. Janus Henderson Group PLC lifted its position in shares of Intercontinental Exchange by 326.3% in the third quarter. Janus Henderson Group PLC now owns 4,520,639 shares of the financial services provider’s stock valued at $726,196,000 after acquiring an additional 3,460,096 shares in the last quarter. FMR LLC lifted its holdings in Intercontinental Exchange by 44.1% in the 3rd quarter. FMR LLC now owns 7,846,421 shares of the financial services provider’s stock valued at $1,260,449,000 after purchasing an additional 2,401,630 shares in the last quarter. Two Sigma Advisers LP boosted its stake in Intercontinental Exchange by 285.9% during the 3rd quarter. Two Sigma Advisers LP now owns 1,756,400 shares of the financial services provider’s stock worth $282,148,000 after purchasing an additional 1,301,200 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Intercontinental Exchange by 426.3% during the third quarter. Assenagon Asset Management S.A. now owns 721,474 shares of the financial services provider’s stock worth $115,898,000 after buying an additional 584,400 shares in the last quarter. Finally, Samlyn Capital LLC raised its position in shares of Intercontinental Exchange by 142.2% in the second quarter. Samlyn Capital LLC now owns 835,654 shares of the financial services provider’s stock valued at $114,393,000 after buying an additional 490,671 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ICE. JPMorgan Chase & Co. upped their price objective on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods dropped their price target on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating for the company in a research report on Monday. The Goldman Sachs Group lifted their price objective on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Barclays dropped their target price on Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating for the company in a report on Monday. Finally, Bank of America lifted their price target on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $175.20.

Intercontinental Exchange Price Performance

Shares of ICE opened at $143.84 on Tuesday. The firm has a 50-day simple moving average of $153.88 and a two-hundred day simple moving average of $155.47. The stock has a market cap of $82.59 billion, a PE ratio of 34.09, a P/E/G ratio of 2.57 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 current ratio of 1.00 and a quick ratio of 1.00.

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, meeting the consensus estimate of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter last year, the firm earned $1.46 EPS. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. As a group, analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Insider Activity at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 955 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the general counsel now owns 44,702 shares of the company’s stock, valued at approximately $6,977,088.16. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the sale, the president now directly owns 156,163 shares in the company, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,533 shares of company stock worth $1,196,279. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange 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.