Texas Bank & Trust Co Purchases New Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Texas Bank & Trust Co purchased a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,211 shares of the financial services provider's stock, valued at approximately $478,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Teza Capital Management LLC grew its holdings in shares of Intercontinental Exchange by 75.2% during the fourth quarter. Teza Capital Management LLC now owns 26,130 shares of the financial services provider's stock valued at $3,894,000 after buying an additional 11,217 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Intercontinental Exchange by 126.3% in the fourth quarter. Tidal Investments LLC now owns 222,873 shares of the financial services provider's stock worth $33,210,000 after purchasing an additional 124,391 shares during the last quarter. Tolleson Wealth Management Inc. purchased a new position in shares of Intercontinental Exchange in the fourth quarter worth $207,000. Triavera Capital LLC bought a new position in Intercontinental Exchange during the fourth quarter valued at approximately $10,136,000. Finally, State of Wyoming lifted its position in Intercontinental Exchange by 55.6% during the fourth quarter. State of Wyoming now owns 476 shares of the financial services provider's stock valued at $71,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insiders Place Their Bets

In other news, insider Christopher Scott Edmonds sold 6,834 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total value of $1,141,209.66. Following the sale, the insider now directly owns 17,972 shares of the company's stock, valued at $3,001,144.28. This represents a 27.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of the company's stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the sale, the director now directly owns 21,364 shares in the company, valued at $3,396,876. This trade represents a 10.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,368 shares of company stock valued at $7,077,789. Insiders own 1.00% of the company's stock.

Intercontinental Exchange Price Performance

ICE stock opened at $176.10 on Monday. Intercontinental Exchange, Inc. has a 12 month low of $131.79 and a 12 month high of $179.44. 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 company has a 50-day moving average price of $167.31 and a 200 day moving average price of $161.26. The stock has a market cap of $101.01 billion, a PE ratio of 36.84, a P/E/G ratio of 2.10 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the business posted $1.48 EPS. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.09%. Intercontinental Exchange's dividend payout ratio is presently 39.75%.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of research analyst reports. Bank of America lowered their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Barclays increased their price target on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley increased their price target on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $185.93.

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.

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