Community Bank & Trust Waco Texas Has $2.70 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Community Bank & Trust Waco Texas cut its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 11.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,031 shares of the financial services provider’s stock after selling 2,776 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Intercontinental Exchange were worth $2,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ICE. Vanguard Group Inc. boosted its stake in shares of Intercontinental Exchange by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 46,919,116 shares of the financial services provider’s stock valued at $5,162,041,000 after purchasing an additional 1,012,034 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Intercontinental Exchange by 219.8% during the third quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider’s stock worth $1,336,371,000 after buying an additional 8,348,126 shares in the last quarter. Northern Trust Corp raised its stake in shares of Intercontinental Exchange by 3.9% in the third quarter. Northern Trust Corp now owns 7,567,921 shares of the financial services provider’s stock valued at $832,623,000 after acquiring an additional 282,963 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Intercontinental Exchange by 21.1% in the 3rd quarter. Invesco Ltd. now owns 6,073,725 shares of the financial services provider’s stock worth $668,231,000 after acquiring an additional 1,058,536 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Intercontinental Exchange by 3.7% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,847,229 shares of the financial services provider’s stock valued at $533,292,000 after purchasing an additional 173,236 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Douglas Foley sold 7,070 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $136.09, for a total transaction of $962,156.30. Following the completion of the transaction, the senior vice president now owns 18,383 shares in the company, valued at $2,501,742.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Warren Gardiner sold 2,176 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $136.00, for a total transaction of $295,936.00. Following the transaction, the chief financial officer now directly owns 12,061 shares in the company, valued at $1,640,296. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Douglas Foley sold 7,070 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $136.09, for a total transaction of $962,156.30. Following the completion of the sale, the senior vice president now owns 18,383 shares of the company’s stock, valued at approximately $2,501,742.47. The disclosure for this sale can be found here. Over the last three months, insiders sold 157,491 shares of company stock worth $21,454,204. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange Stock Down 0.3 %

Shares of ICE traded down $0.43 on Wednesday, hitting $131.90. The company’s stock had a trading volume of 714,933 shares, compared to its average volume of 2,369,012. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $75.53 billion, a price-to-earnings ratio of 31.51, a P/E/G ratio of 2.15 and a beta of 1.02. The firm’s fifty day moving average price is $136.16 and its 200-day moving average price is $124.95. Intercontinental Exchange, Inc. has a fifty-two week low of $103.81 and a fifty-two week high of $140.43.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The firm’s quarterly revenue was up 24.5% on a year-over-year basis. During the same period last year, the business posted $1.25 earnings per share. On average, equities research analysts expect that Intercontinental Exchange, Inc. will post 5.97 EPS for the current year.

Intercontinental Exchange Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.45 per share. This is a boost from Intercontinental Exchange’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, March 14th. Intercontinental Exchange’s dividend payout ratio is currently 42.86%.

Analyst Ratings Changes

A number of research analysts recently issued reports on ICE shares. UBS Group lifted their price target on Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a report on Monday, February 12th. Bank of America decreased their price target on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Morgan Stanley upped their price objective on Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Barclays lifted their price target on shares of Intercontinental Exchange from $153.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Intercontinental Exchange from $142.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.08.

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.