Citizens & Northern Corp Raises Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Citizens & Northern Corp raised its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 3.4% during the fourth quarter, HoldingsChannel reports. The fund owned 11,027 shares of the financial services provider’s stock after acquiring an additional 366 shares during the quarter. Citizens & Northern Corp’s holdings in Intercontinental Exchange were worth $1,643,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ICE. Sierra Ocean LLC purchased a new stake in Intercontinental Exchange in the 4th quarter worth about $25,000. Northwest Investment Counselors LLC purchased a new position in shares of Intercontinental Exchange during the third quarter valued at $26,000. Financial Management Professionals Inc. increased its position in Intercontinental Exchange by 106.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 87 shares during the period. Capital Performance Advisors LLP purchased a new stake in Intercontinental Exchange during the third quarter worth $29,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter worth $31,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

ICE opened at $166.85 on Tuesday. The firm has a 50 day moving average of $154.42 and a two-hundred day moving average of $157.64. The firm has a market capitalization of $95.80 billion, a PE ratio of 34.91, a P/E/G ratio of 3.21 and a beta of 1.11. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $169.78.

Intercontinental Exchange (NYSE:ICE) last posted its 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, analysts anticipate that Intercontinental Exchange, Inc. will post 6.63 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.15%. Intercontinental Exchange’s payout ratio is 37.66%.

Insider Buying and Selling

In related news, CTO Mayur Kapani sold 5,661 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the transaction, the chief technology officer now directly owns 66,548 shares in the company, valued at $9,821,819.32. The trade was a 7.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Benjamin Jackson sold 5,828 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $165.71, for a total transaction of $965,757.88. Following the sale, the president now owns 164,041 shares in the company, valued at approximately $27,183,234.11. This represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,358 shares of company stock valued at $5,535,650 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, February 7th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. UBS Group increased their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft boosted their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. decreased their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average price target of $178.80.

About Intercontinental Exchange

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.