Hills Bank & Trust Co Sells 374 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Hills Bank & Trust Co cut its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,026 shares of the financial services provider’s stock after selling 374 shares during the quarter. Hills Bank & Trust Co’s holdings in Intercontinental Exchange were worth $8,199,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new position in Intercontinental Exchange in the 4th quarter valued at approximately $25,000. FSA Wealth Management LLC purchased a new position in shares of Intercontinental Exchange in the third quarter valued at $31,000. BankPlus Trust Department purchased a new stake in Intercontinental Exchange during the 4th quarter worth about $40,000. Planning Capital Management Corp boosted its stake in Intercontinental Exchange by 96.7% in the 3rd quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 147 shares during the period. Finally, Golden State Wealth Management LLC bought a new stake in shares of Intercontinental Exchange during the fourth quarter valued at about $51,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ICE. Keefe, Bruyette & Woods boosted their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. decreased their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. UBS Group raised their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Barclays boosted their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and an average target price of $178.80.

Intercontinental Exchange Trading Up 1.3 %

NYSE:ICE opened at $171.28 on Friday. The firm has a market capitalization of $98.41 billion, a P/E ratio of 35.83, a P/E/G ratio of 2.10 and a beta of 1.08. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average of $161.47 and a 200 day moving average of $159.64. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $175.41.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. On average, research analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.12%. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

Insider Buying and Selling

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $165.71, for a total value of $965,757.88. Following the completion of the transaction, the president now directly owns 164,041 shares in the company, valued at approximately $27,183,234.11. This represents a 3.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Scott Edmonds sold 6,834 shares of Intercontinental Exchange stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the sale, the insider now directly owns 17,972 shares in the company, valued at $3,001,144.28. The trade was a 27.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,313 shares of company stock valued at $11,113,733 over the last quarter. 1.10% of the stock is owned by company insiders.

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.