First Interstate Bank Has $718,000 Stock Position in Intercontinental Exchange Inc. (NYSE:ICE)

First Interstate Bank cut its holdings in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 80.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,160 shares of the financial services provider's stock after selling 16,667 shares during the period. First Interstate Bank's holdings in Intercontinental Exchange were worth $718,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ICE. Brighton Jones LLC grew its stake in shares of Intercontinental Exchange by 51.3% in the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider's stock valued at $514,000 after purchasing an additional 1,169 shares during the period. Proficio Capital Partners LLC boosted its position in Intercontinental Exchange by 37.1% in the 4th quarter. Proficio Capital Partners LLC now owns 2,238 shares of the financial services provider's stock valued at $333,000 after buying an additional 606 shares during the last quarter. Simplicity Wealth LLC bought a new position in Intercontinental Exchange in the 4th quarter valued at $207,000. NBT Bank N A NY boosted its position in shares of Intercontinental Exchange by 37.5% in the 4th quarter. NBT Bank N A NY now owns 12,373 shares of the financial services provider's stock worth $1,844,000 after purchasing an additional 3,374 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Intercontinental Exchange by 5.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 251,363 shares of the financial services provider's stock worth $37,456,000 after purchasing an additional 13,599 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ICE. UBS Group lifted their price target on Intercontinental Exchange from $195.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday. Bank of America decreased their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Barclays upped their target price on Intercontinental Exchange from $198.00 to $206.00 and gave the stock an "overweight" rating in a report on Thursday. Keefe, Bruyette & Woods raised their price target on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley lifted their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange currently has an average rating of "Moderate Buy" and an average price target of $192.58.

Intercontinental Exchange Price Performance

Shares of NYSE ICE traded down $1.37 during midday trading on Friday, reaching $180.45. The company's stock had a trading volume of 1,576,878 shares, compared to its average volume of 2,974,797. Intercontinental Exchange Inc. has a fifty-two week low of $142.29 and a fifty-two week high of $183.99. The company has a market cap of $103.51 billion, a P/E ratio of 37.36, a P/E/G ratio of 1.96 and a beta of 1.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.00. The business's 50 day moving average price is $178.33 and its two-hundred day moving average price is $167.39.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a net margin of 22.84% and a return on equity of 13.27%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the previous year, the business earned $1.48 earnings per share. The company's revenue was up 8.0% on a year-over-year basis. On average, analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.06%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 39.75%.

Insider Activity at Intercontinental Exchange

In other news, Director Sharon Bowen sold 795 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $183.30, for a total transaction of $145,723.50. Following the completion of the transaction, the director directly owned 15,000 shares in the company, valued at approximately $2,749,500. This represents a 5.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Douglas Foley sold 1,600 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $177.48, for a total value of $283,968.00. Following the sale, the senior vice president owned 27,313 shares in the company, valued at approximately $4,847,511.24. This trade represents a 5.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 228,749 shares of company stock valued at $40,942,387. 1.00% of the stock is owned by company insiders.

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.