Amarillo National Bank Buys Shares of 1,550 Intercontinental Exchange, Inc. (NYSE:ICE)

Amarillo National Bank acquired a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,550 shares of the financial services provider’s stock, valued at approximately $213,000.

Other large investors have also made changes to their positions in the company. Annapolis Financial Services LLC boosted its stake in shares of Intercontinental Exchange by 1,018.8% during the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 163 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new position in Intercontinental Exchange during the first quarter worth about $26,000. Scarborough Advisors LLC purchased a new position in Intercontinental Exchange during the fourth quarter worth about $25,000. Fortitude Family Office LLC purchased a new position in Intercontinental Exchange during the fourth quarter worth about $28,000. Finally, Stuart Chaussee & Associates Inc. purchased a new position in Intercontinental Exchange during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock traded up $0.34 during trading hours on Thursday, hitting $141.16. 2,070,106 shares of the company traded hands, compared to its average volume of 2,469,574. The firm has a market cap of $80.97 billion, a P/E ratio of 32.38, a P/E/G ratio of 2.62 and a beta of 1.06. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. The firm’s 50-day simple moving average is $134.96 and its two-hundred day simple moving average is $133.18. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $141.59.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, meeting the consensus estimate of $1.48. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. Intercontinental Exchange’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the company earned $1.41 EPS. As a group, analysts forecast that Intercontinental Exchange, Inc. will post 5.96 earnings per share for the current fiscal year.

Insider Buying and Selling at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total value of $259,380.68. Following the transaction, the general counsel now owns 46,815 shares of the company’s stock, valued at approximately $6,397,737.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total transaction of $259,380.68. Following the completion of the sale, the general counsel now owns 46,815 shares in the company, valued at approximately $6,397,737.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Intercontinental Exchange, Inc bought 350,880 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was bought at an average price of $0.87 per share, for a total transaction of $305,265.60. Following the completion of the acquisition, the insider now directly owns 649,934 shares in the company, valued at $565,442.58. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 4,506 shares of company stock valued at $609,374. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Bank of America cut their price objective on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Keefe, Bruyette & Woods lowered their price objective on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. JPMorgan Chase & Co. raised their price objective on Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Rosenblatt Securities restated a “buy” rating and set a $164.00 price objective on shares of Intercontinental Exchange in a research note on Friday, May 3rd. Finally, Argus restated a “buy” rating and set a $153.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.29.

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.