Amalgamated Bank Has $16.34 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Amalgamated Bank trimmed its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,648 shares of the financial services provider’s stock after selling 2,804 shares during the quarter. Amalgamated Bank’s holdings in Intercontinental Exchange were worth $16,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in Intercontinental Exchange during the 4th quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new stake in shares of Intercontinental Exchange during the third quarter worth $29,000. FSA Wealth Management LLC bought a new position in Intercontinental Exchange during the third quarter worth $31,000. BankPlus Trust Department acquired a new position in Intercontinental Exchange in the fourth quarter valued at $40,000. Finally, Planning Capital Management Corp boosted its position in Intercontinental Exchange by 96.7% during the third quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 147 shares during the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on ICE. Deutsche Bank Aktiengesellschaft lifted their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. lowered their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Keefe, Bruyette & Woods increased their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Finally, Barclays boosted their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and an average target price of $178.80.

Intercontinental Exchange Stock Up 1.7 %

Intercontinental Exchange stock opened at $171.25 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm’s fifty day moving average price is $156.07 and its two-hundred day moving average price is $158.46. The firm has a market capitalization of $98.40 billion, a price-to-earnings ratio of 35.83, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $171.61.

Intercontinental Exchange (NYSE:ICE) last released 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, equities research analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 1.12%. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 40.17%.

Insider Activity at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 6,834 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total value of $1,141,209.66. Following the transaction, the insider now owns 17,972 shares in the company, valued at $3,001,144.28. The trade was a 27.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the sale, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at $1,955,212.20. The trade was a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 60,368 shares of company stock valued at $9,908,492. 1.10% of the stock is owned by insiders.

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.