Bangor Savings Bank Buys 566 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Bangor Savings Bank raised its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 3.9% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 14,949 shares of the financial services provider’s stock after buying an additional 566 shares during the period. Bangor Savings Bank’s holdings in Intercontinental Exchange were worth $1,716,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. City Holding Co. lifted its stake in shares of Intercontinental Exchange by 34.9% during the third quarter. City Holding Co. now owns 780 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 202 shares during the period. Tandem Investment Advisors Inc. raised its holdings in Intercontinental Exchange by 7.3% during the 3rd quarter. Tandem Investment Advisors Inc. now owns 473,369 shares of the financial services provider’s stock worth $54,352,000 after purchasing an additional 32,245 shares during the last quarter. Arlington Partners LLC acquired a new position in Intercontinental Exchange during the 3rd quarter valued at about $56,000. NEXT Financial Group Inc lifted its position in Intercontinental Exchange by 15.8% during the 3rd quarter. NEXT Financial Group Inc now owns 1,997 shares of the financial services provider’s stock valued at $230,000 after purchasing an additional 273 shares during the period. Finally, DNB Asset Management AS boosted its stake in shares of Intercontinental Exchange by 2.1% in the 3rd quarter. DNB Asset Management AS now owns 199,840 shares of the financial services provider’s stock valued at $22,946,000 after purchasing an additional 4,203 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 4,500 shares of Intercontinental Exchange stock in a transaction on Wednesday, November 10th. The shares were sold at an average price of $135.08, for a total value of $607,860.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Warren Gardiner sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, November 10th. The shares were sold at an average price of $135.08, for a total value of $175,604.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,375 shares of company stock worth $15,425,653. Corporate insiders own 1.30% of the company’s stock.

Several brokerages recently weighed in on ICE. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Intercontinental Exchange from $140.00 to $152.00 and gave the company a “buy” rating in a report on Friday, October 29th. Rosenblatt Securities raised their price target on Intercontinental Exchange from $138.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, October 29th. Citigroup lifted their price objective on Intercontinental Exchange from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, October 19th. Morgan Stanley increased their target price on Intercontinental Exchange from $131.00 to $143.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 2nd. Finally, UBS Group boosted their target price on Intercontinental Exchange from $143.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $142.55.

Shares of ICE stock opened at $129.68 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange, Inc. has a 52 week low of $103.95 and a 52 week high of $139.79. The company’s 50 day moving average price is $128.91 and its two-hundred day moving average price is $121.02. The company has a market capitalization of $73.06 billion, a P/E ratio of 23.97 and a beta of 0.80.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 28th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.07. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.76 billion. Intercontinental Exchange had a net margin of 33.69% and a return on equity of 13.57%. The firm’s revenue was up 27.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Analysts forecast that Intercontinental Exchange, Inc. will post 5.09 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 31st. Shareholders of record on Friday, December 17th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, December 16th. Intercontinental Exchange’s dividend payout ratio is 24.40%.

About Intercontinental Exchange

Intercontinental Exchange, Inc engages in the management of online marketplace. It operates through the following segments: Exchanges; Fixed Income and Data Services; and Mortgage Technology. The company was founded by Jeffrey C. Sprecher in May 2000 and is headquartered in Atlanta, GA.

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

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