Keybank National Association OH Cuts Position in Intercontinental Exchange Inc. $ICE

Keybank National Association OH cut its position in Intercontinental Exchange Inc. (NYSE:ICE) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 356,059 shares of the financial services provider’s stock after selling 2,975 shares during the period. Keybank National Association OH owned 0.06% of Intercontinental Exchange worth $59,989,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the business. Dynasty Wealth Management LLC acquired a new stake in Intercontinental Exchange in the third quarter valued at $897,000. Fifth Third Wealth Advisors LLC raised its position in Intercontinental Exchange by 37.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 11,920 shares of the financial services provider’s stock worth $2,008,000 after acquiring an additional 3,261 shares during the last quarter. Eastern Bank lifted its stake in Intercontinental Exchange by 14.6% in the 3rd quarter. Eastern Bank now owns 203,731 shares of the financial services provider’s stock valued at $34,325,000 after buying an additional 25,980 shares in the last quarter. Horizon Kinetics Asset Management LLC lifted its position in shares of Intercontinental Exchange by 1.6% in the second quarter. Horizon Kinetics Asset Management LLC now owns 831,758 shares of the financial services provider’s stock valued at $152,603,000 after acquiring an additional 13,497 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its stake in shares of Intercontinental Exchange by 3.0% during the 3rd quarter. Gateway Investment Advisers LLC now owns 273,010 shares of the financial services provider’s stock worth $45,997,000 after purchasing an additional 8,006 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of ICE opened at $173.66 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange Inc. has a 12 month low of $143.17 and a 12 month high of $189.35. The stock has a fifty day moving average price of $164.03 and a 200 day moving average price of $166.97. The company has a market cap of $99.02 billion, a P/E ratio of 31.63, a PEG ratio of 2.16 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.71. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the business posted $1.55 EPS. Intercontinental Exchange’s revenue was up 2.6% on a year-over-year basis. On average, research analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ICE shares. Barclays set a $182.00 price objective on Intercontinental Exchange and gave the stock an “overweight” rating in a report on Thursday, January 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $180.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. Morgan Stanley set a $180.00 price objective on Intercontinental Exchange and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Keefe, Bruyette & Woods raised shares of Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. Finally, UBS Group reiterated a “buy” rating on shares of Intercontinental Exchange in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $193.50.

Insider Activity

In related news, CFO Warren Gardiner sold 1,572 shares of Intercontinental Exchange stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $153.65, for a total transaction of $241,537.80. Following the sale, the chief financial officer directly owned 20,534 shares in the company, valued at $3,155,049.10. The trade was a 7.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Judith A. Sprieser sold 3,700 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $157.96, for a total transaction of $584,452.00. Following the completion of the sale, the director directly owned 14,469 shares of the company’s stock, valued at $2,285,523.24. The trade was a 20.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 166,068 shares of company stock worth $25,470,702 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

Intercontinental Exchange Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.