Moody National Bank Trust Division Buys 200 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Moody National Bank Trust Division increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE – Get Rating) by 1.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,054 shares of the financial services provider’s stock after acquiring an additional 200 shares during the period. Moody National Bank Trust Division’s holdings in Intercontinental Exchange were worth $1,442,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. MADDEN SECURITIES Corp bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $26,000. RB Capital Management LLC lifted its stake in Intercontinental Exchange by 2.3% in the 4th quarter. RB Capital Management LLC now owns 5,351 shares of the financial services provider’s stock valued at $549,000 after purchasing an additional 122 shares during the last quarter. American National Bank grew its holdings in Intercontinental Exchange by 17.2% during the fourth quarter. American National Bank now owns 797 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 117 shares during the period. Norway Savings Bank increased its position in Intercontinental Exchange by 3.0% during the fourth quarter. Norway Savings Bank now owns 13,939 shares of the financial services provider’s stock worth $1,430,000 after buying an additional 400 shares during the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $659,000. 87.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the business’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $104.80, for a total transaction of $167,680.00. Following the completion of the transaction, the senior vice president now directly owns 21,481 shares in the company, valued at $2,251,208.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Douglas Foley sold 1,600 shares of Intercontinental Exchange stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $104.80, for a total value of $167,680.00. Following the transaction, the senior vice president now owns 21,481 shares in the company, valued at approximately $2,251,208.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey C. Sprecher sold 81,827 shares of the business’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $104.02, for a total value of $8,511,644.54. Following the transaction, the chief executive officer now directly owns 1,203,104 shares of the company’s stock, valued at approximately $125,146,878.08. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on ICE. Raymond James decreased their target price on Intercontinental Exchange from $130.00 to $126.00 and set a “strong-buy” rating on the stock in a report on Friday, February 3rd. Morgan Stanley increased their price objective on shares of Intercontinental Exchange from $116.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 11th. Rosenblatt Securities lifted their target price on shares of Intercontinental Exchange from $164.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. TheStreet raised shares of Intercontinental Exchange from a “c+” rating to a “b-” rating in a report on Wednesday, January 25th. Finally, StockNews.com assumed coverage on shares of Intercontinental Exchange in a research report on Thursday. They set a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $129.91.

Intercontinental Exchange Price Performance

NYSE:ICE traded down $2.23 during trading hours on Friday, reaching $97.00. 6,093,991 shares of the company were exchanged, compared to its average volume of 2,777,373. The business has a 50 day moving average of $105.23 and a 200 day moving average of $101.44. Intercontinental Exchange, Inc. has a 1-year low of $88.60 and a 1-year high of $137.40. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $54.21 billion, a P/E ratio of 37.74, a P/E/G ratio of 3.39 and a beta of 0.92.

Intercontinental Exchange (NYSE:ICE – Get Rating) last released its earnings results on Thursday, February 2nd. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.01). The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.78 billion. Intercontinental Exchange had a return on equity of 13.11% and a net margin of 15.01%. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the company posted $1.34 earnings per share. Research analysts forecast that Intercontinental Exchange, Inc. will post 5.4 EPS for the current year.

Intercontinental Exchange Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be given a $0.42 dividend. The ex-dividend date of this dividend is Thursday, March 16th. This is a boost from Intercontinental Exchange’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a dividend yield of 1.73%. Intercontinental Exchange’s payout ratio is presently 59.14%.

Intercontinental Exchange Profile

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Intercontinental Exchange, Inc engages in the provision of market infrastructure, data services and technology solutions. It operates through the following segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The Exchanges segment includes trading and listing revenue from the global futures network, the New York Stock Exchange and other registered securities exchanges.