Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. lifted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 17.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,539 shares of the financial services provider’s stock after buying an additional 1,417 shares during the period. Zions Bancorporation N.A.’s holdings in Intercontinental Exchange were worth $1,421,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ICE. Nwam LLC acquired a new position in shares of Intercontinental Exchange during the third quarter worth $240,000. Great Valley Advisor Group Inc. acquired a new position in Intercontinental Exchange in the 3rd quarter worth $228,000. Kingsview Wealth Management LLC lifted its holdings in Intercontinental Exchange by 0.9% in the 3rd quarter. Kingsview Wealth Management LLC now owns 10,673 shares of the financial services provider’s stock worth $1,715,000 after buying an additional 97 shares in the last quarter. Swedbank AB boosted its position in Intercontinental Exchange by 9.0% in the 3rd quarter. Swedbank AB now owns 92,582 shares of the financial services provider’s stock valued at $14,872,000 after buying an additional 7,640 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Intercontinental Exchange by 17.6% during the third quarter. Larson Financial Group LLC now owns 1,279 shares of the financial services provider’s stock valued at $205,000 after acquiring an additional 191 shares in the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. JPMorgan Chase & Co. cut their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods raised their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research 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. Finally, Barclays raised their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and an average target price of $178.80.

Intercontinental Exchange Stock Up 0.2 %

Shares of Intercontinental Exchange stock opened at $175.58 on Wednesday. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $176.49. The stock has a market capitalization of $100.88 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 2.10 and a beta of 1.08. 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 business’s 50 day simple moving average is $165.53 and its 200-day simple moving average is $160.26.

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%. Equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.09%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is 40.17%.

Insider Buying and Selling at Intercontinental Exchange

In related news, President Benjamin Jackson sold 5,828 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $165.71, for a total value of $965,757.88. Following the sale, the president now directly owns 164,041 shares in the company, valued at $27,183,234.11. This trade represents a 3.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the sale, the insider now directly owns 12,922 shares in the company, valued at $1,908,967.06. The trade was a 4.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,563 shares of company stock worth $10,998,990. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange 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.