Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. increased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,055 shares of the financial services provider’s stock after acquiring an additional 1,469 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Intercontinental Exchange were worth $4,478,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Brooklyn Investment Group raised its position in shares of Intercontinental Exchange by 2.2% in the 4th quarter. Brooklyn Investment Group now owns 3,190 shares of the financial services provider’s stock valued at $475,000 after purchasing an additional 70 shares in the last quarter. Merit Financial Group LLC increased its stake in shares of Intercontinental Exchange by 125.0% in the fourth quarter. Merit Financial Group LLC now owns 8,231 shares of the financial services provider’s stock worth $1,227,000 after buying an additional 4,573 shares during the last quarter. Avanza Fonder AB acquired a new stake in Intercontinental Exchange in the fourth quarter valued at $6,390,000. Procyon Advisors LLC boosted its stake in Intercontinental Exchange by 70.2% during the 4th quarter. Procyon Advisors LLC now owns 10,802 shares of the financial services provider’s stock valued at $1,610,000 after acquiring an additional 4,457 shares during the last quarter. Finally, Tompkins Financial Corp grew its holdings in Intercontinental Exchange by 1.7% during the 4th quarter. Tompkins Financial Corp now owns 33,391 shares of the financial services provider’s stock worth $4,976,000 after acquiring an additional 551 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of NYSE ICE opened at $149.07 on Friday. The firm’s 50-day simple moving average is $153.35 and its 200 day simple moving average is $155.44. The stock has a market cap of $85.59 billion, a P/E ratio of 35.33, a P/E/G ratio of 2.29 and a beta of 1.10. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $167.99.

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

Insider Activity

In related news, insider Christopher Scott Edmonds sold 601 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the sale, the insider now directly owns 12,922 shares in the company, valued at $1,908,967.06. The trade was a 4.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Stuart Glen Williams sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the sale, the chief operating officer now 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 a total of 13,795 shares of company stock worth $2,120,572 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ICE has been the topic of a number of recent analyst reports. Barclays cut their target price on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. TD Cowen started coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They issued a “buy” rating and a $182.00 target price for the company. Morgan Stanley boosted their price target on Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Raymond James cut Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective on the stock. in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. One 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’s stock. According to data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average price target of $175.27.

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.