North Dallas Bank & Trust Co. Takes Position in Intercontinental Exchange Inc. $ICE

North Dallas Bank & Trust Co. purchased a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,957 shares of the financial services provider’s stock, valued at approximately $1,093,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ICE. B. Riley Wealth Advisors Inc. purchased a new position in shares of Intercontinental Exchange in the second quarter worth $470,000. Advisory Services Network LLC increased its holdings in Intercontinental Exchange by 57.3% in the 2nd quarter. Advisory Services Network LLC now owns 13,541 shares of the financial services provider’s stock worth $2,503,000 after buying an additional 4,930 shares in the last quarter. Delos Wealth Advisors LLC bought a new stake in Intercontinental Exchange in the 2nd quarter worth about $52,000. Geneos Wealth Management Inc. raised its position in Intercontinental Exchange by 60.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 50,165 shares of the financial services provider’s stock worth $9,204,000 after buying an additional 18,937 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its stake in Intercontinental Exchange by 13.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 538,101 shares of the financial services provider’s stock valued at $98,725,000 after acquiring an additional 63,804 shares during the period. 89.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ICE has been the subject of a number of research analyst reports. Morgan Stanley reduced their price target on shares of Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. UBS Group cut their target price on shares of Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Wall Street Zen upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Barclays set a $183.00 price target on Intercontinental Exchange and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Exchange in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $194.70.

Insider Transactions at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 2,081 shares of Intercontinental Exchange stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $151.00, for a total transaction of $314,231.00. Following the transaction, the general counsel directly owned 44,212 shares of the company’s stock, valued at $6,676,012. The trade was a 4.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Warren Gardiner sold 1,572 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $153.65, for a total transaction of $241,537.80. Following the completion of the sale, the chief financial officer directly owned 20,534 shares of the company’s stock, valued at $3,155,049.10. This represents a 7.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 175,489 shares of company stock valued at $26,972,956. Company insiders own 1.00% of the company’s stock.

Intercontinental Exchange Trading Up 0.1%

Shares of ICE stock opened at $163.21 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $93.06 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 2.53 and a beta of 1.05. Intercontinental Exchange Inc. has a 1 year low of $142.29 and a 1 year high of $189.35. The firm has a fifty day moving average price of $154.98 and a 200-day moving average price of $170.16.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share for the quarter, meeting the consensus estimate of $1.71. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the business earned $1.55 earnings per share. Intercontinental Exchange’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Company 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.