Fiduciary Trust Co Has $3.32 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Fiduciary Trust Co boosted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 21.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,254 shares of the financial services provider’s stock after purchasing an additional 3,975 shares during the quarter. Fiduciary Trust Co’s holdings in Intercontinental Exchange were worth $3,316,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ICE. Strategic Advisors LLC raised its stake in Intercontinental Exchange by 5.1% during the 4th quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider’s stock worth $201,000 after buying an additional 66 shares during the period. Commons Capital LLC increased its holdings in shares of Intercontinental Exchange by 1.2% in the fourth quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider’s stock worth $886,000 after acquiring an additional 69 shares in the last quarter. Brooklyn Investment Group raised its position in shares of Intercontinental Exchange by 2.2% during the fourth quarter. Brooklyn Investment Group now owns 3,190 shares of the financial services provider’s stock worth $475,000 after purchasing an additional 70 shares during the period. Clear Harbor Asset Management LLC lifted its holdings in shares of Intercontinental Exchange by 3.7% during the 4th quarter. Clear Harbor Asset Management LLC now owns 1,970 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 70 shares in the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in Intercontinental Exchange by 2.3% during the 4th quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider’s stock worth $465,000 after purchasing an additional 71 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $178.73 on Friday. The company has a fifty day moving average price of $166.93 and a two-hundred day moving average price of $161.00. Intercontinental Exchange, Inc. has a one year low of $131.79 and a one year high of $179.44. The stock has a market cap of $102.52 billion, a P/E ratio of 37.39, a P/E/G ratio of 2.10 and a beta of 1.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Intercontinental Exchange’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the business posted $1.48 EPS. As a group, equities analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.07%. Intercontinental Exchange’s payout ratio is presently 39.75%.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 7,900 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $166.36, for a total transaction of $1,314,244.00. Following the completion of the sale, the president now directly owns 160,059 shares in the company, valued at $26,627,415.24. This trade represents a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Judith A. Sprieser sold 2,630 shares of the company’s stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the completion of the transaction, the director now directly owns 21,364 shares in the company, valued at $3,396,876. The trade was a 10.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,368 shares of company stock worth $7,077,789. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group lifted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. reduced their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Keefe, Bruyette & Woods lifted their price target on Intercontinental Exchange from $183.00 to $189.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, Barclays increased their price objective on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $185.93.

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.