Bank of Stockton Decreases Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Bank of Stockton trimmed its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 9.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,280 shares of the financial services provider’s stock after selling 240 shares during the period. Bank of Stockton’s holdings in Intercontinental Exchange were worth $340,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bradley Foster & Sargent Inc. CT increased its position in shares of Intercontinental Exchange by 6,756.9% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 303,351 shares of the financial services provider’s stock worth $45,202,000 after purchasing an additional 298,927 shares in the last quarter. Cassaday & Co Wealth Management LLC increased its position in shares of Intercontinental Exchange by 72.0% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 2,207 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 924 shares in the last quarter. Arcadia Investment Management Corp MI increased its position in shares of Intercontinental Exchange by 1.5% during the fourth quarter. Arcadia Investment Management Corp MI now owns 96,015 shares of the financial services provider’s stock worth $14,307,000 after purchasing an additional 1,448 shares in the last quarter. Waterfront Wealth Inc. increased its position in shares of Intercontinental Exchange by 2.7% during the fourth quarter. Waterfront Wealth Inc. now owns 10,129 shares of the financial services provider’s stock worth $1,509,000 after purchasing an additional 264 shares in the last quarter. Finally, Nicholson Wealth Management Group LLC increased its position in shares of Intercontinental Exchange by 109.5% during the fourth quarter. Nicholson Wealth Management Group LLC now owns 9,197 shares of the financial services provider’s stock worth $1,370,000 after purchasing an additional 4,808 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 955 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total transaction of $149,056.40. Following the sale, the general counsel now owns 44,702 shares of the company’s stock, valued at $6,977,088.16. The trade was a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the sale, the president now directly owns 156,163 shares in the company, valued at $24,986,080. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,196 shares of company stock valued at $10,840,972 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Price Performance

Shares of ICE opened at $167.00 on Friday. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $169.78. The stock’s 50 day moving average is $155.18 and its two-hundred day moving average is $157.99. The firm has a market capitalization of $95.95 billion, a PE ratio of 34.94, a P/E/G ratio of 2.11 and a beta of 1.11. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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%. Research analysts anticipate that Intercontinental Exchange, Inc. will post 6.71 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. JPMorgan Chase & Co. cut their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Barclays lifted their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Keefe, Bruyette & Woods boosted their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company 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.