Nicolet Bankshares Inc. Has $1.25 Million Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Nicolet Bankshares Inc. decreased its position in Intercontinental Exchange, Inc. (NYSE:ICEFree Report) by 28.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,318 shares of the financial services provider’s stock after selling 4,571 shares during the period. Nicolet Bankshares Inc.’s holdings in Intercontinental Exchange were worth $1,245,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Intercontinental Exchange by 1.3% during the 2nd quarter. BlackRock Inc. now owns 42,188,650 shares of the financial services provider’s stock worth $4,770,693,000 after purchasing an additional 525,322 shares in the last quarter. Morgan Stanley boosted its position in shares of Intercontinental Exchange by 18.9% during the 4th quarter. Morgan Stanley now owns 25,406,629 shares of the financial services provider’s stock worth $2,606,466,000 after purchasing an additional 4,044,744 shares in the last quarter. State Street Corp boosted its position in shares of Intercontinental Exchange by 2.2% during the 2nd quarter. State Street Corp now owns 22,796,474 shares of the financial services provider’s stock worth $2,577,825,000 after purchasing an additional 480,742 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Intercontinental Exchange by 45.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,114,267 shares of the financial services provider’s stock worth $1,755,753,000 after purchasing an additional 5,354,161 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Intercontinental Exchange by 1.2% during the 1st quarter. Geode Capital Management LLC now owns 10,503,361 shares of the financial services provider’s stock worth $1,092,660,000 after purchasing an additional 127,481 shares in the last quarter. Institutional investors and hedge funds own 87.91% of the company’s stock.

Insider Activity at Intercontinental Exchange

In related news, SVP Douglas Foley sold 1,600 shares of Intercontinental Exchange stock in a transaction on Friday, November 24th. The shares were sold at an average price of $114.46, for a total value of $183,136.00. Following the transaction, the senior vice president now directly owns 16,802 shares in the company, valued at approximately $1,923,156.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, President Benjamin Jackson sold 10,100 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $114.78, for a total value of $1,159,278.00. Following the completion of the transaction, the president now owns 125,184 shares of the company’s stock, valued at approximately $14,368,619.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Douglas Foley sold 1,600 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $114.46, for a total transaction of $183,136.00. Following the transaction, the senior vice president now directly owns 16,802 shares of the company’s stock, valued at approximately $1,923,156.92. The disclosure for this sale can be found here. Insiders have sold a total of 82,384 shares of company stock worth $10,222,586 in the last three months. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Price Performance

NYSE ICE remained flat at $135.49 on Monday. 1,105,889 shares of the company traded hands, compared to its average volume of 2,318,702. The stock has a market capitalization of $77.58 billion, a P/E ratio of 32.40, a PEG ratio of 2.74 and a beta of 1.01. The company’s 50-day moving average price is $125.12 and its two-hundred day moving average price is $116.83. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.80. Intercontinental Exchange, Inc. has a 12 month low of $94.16 and a 12 month high of $136.22.

Intercontinental Exchange (NYSE:ICEGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.04. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The business’s quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 earnings per share. On average, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 5.84 EPS for the current year.

Intercontinental Exchange Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.33%. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, March 14th. Intercontinental Exchange’s dividend payout ratio (DPR) is 40.00%.

Wall Street Analysts Forecast Growth

ICE has been the topic of several recent research reports. UBS Group raised their price target on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Monday. Morgan Stanley increased their price objective on shares of Intercontinental Exchange from $119.00 to $124.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 28th. Barclays increased their price objective on shares of Intercontinental Exchange from $148.00 to $153.00 and gave the company an “overweight” rating in a research note on Monday. Citigroup increased their price objective on shares of Intercontinental Exchange from $130.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Intercontinental Exchange from $142.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average target price of $142.15.

View Our Latest Report on Intercontinental Exchange

About Intercontinental Exchange

(Free Report)

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.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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