Arlington Trust Co LLC Has $78,000 Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Arlington Trust Co LLC decreased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 97.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 605 shares of the financial services provider's stock after selling 24,689 shares during the period. Arlington Trust Co LLC's holdings in Intercontinental Exchange were worth $78,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Nordea Investment Management AB raised its holdings in Intercontinental Exchange by 27.3% during the 4th quarter. Nordea Investment Management AB now owns 56,870 shares of the financial services provider's stock worth $7,311,000 after purchasing an additional 12,208 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Intercontinental Exchange by 7.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 126,854 shares of the financial services provider's stock worth $13,956,000 after purchasing an additional 8,320 shares during the last quarter. First County Bank CT raised its holdings in Intercontinental Exchange by 2.7% during the 3rd quarter. First County Bank CT now owns 3,811 shares of the financial services provider's stock worth $419,000 after purchasing an additional 100 shares during the last quarter. CIC Wealth LLC bought a new stake in Intercontinental Exchange during the 4th quarter worth about $221,000. Finally, Fortitude Family Office LLC bought a new stake in Intercontinental Exchange during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $152.00 price objective on shares of Intercontinental Exchange in a report on Thursday. Barclays upped their price target on Intercontinental Exchange from $148.00 to $153.00 and gave the company an "overweight" rating in a research note on Monday, February 12th. Piper Sandler upped their price target on Intercontinental Exchange from $135.00 to $149.00 and gave the company an "overweight" rating in a research note on Monday, February 12th. Raymond James upped their price target on Intercontinental Exchange from $135.00 to $145.00 and gave the company a "strong-buy" rating in a research note on Friday, January 5th. Finally, Morgan Stanley upped their price target on Intercontinental Exchange from $133.00 to $139.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 13th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $146.69.

Intercontinental Exchange Stock Up 0.9 %

NYSE ICE traded up $1.17 during trading hours on Friday, reaching $137.87. 1,961,099 shares of the company's stock were exchanged, compared to its average volume of 2,487,083. The company's 50-day moving average is $135.64 and its two-hundred day moving average is $123.02. Intercontinental Exchange, Inc. has a one year low of $103.81 and a one year high of $140.43. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $78.95 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of 2.20 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.04. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The business had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same period in the prior year, the business earned $1.25 EPS. Intercontinental Exchange's revenue for the quarter was up 24.5% compared to the same quarter last year. On average, analysts forecast that Intercontinental Exchange, Inc. will post 5.94 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.31%. This is a boost from Intercontinental Exchange's previous quarterly dividend of $0.42. The ex-dividend date was Thursday, March 14th. Intercontinental Exchange's dividend payout ratio is presently 42.86%.

Insider Buying and Selling

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,388 shares of the company's stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the completion of the transaction, the chief executive officer now owns 1,179,895 shares of the company's stock, valued at approximately $161,893,392.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,388 shares of the company's stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the completion of the transaction, the chief executive officer now owns 1,179,895 shares of the company's stock, valued at approximately $161,893,392.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Judith A. Sprieser sold 2,238 shares of the company's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $137.36, for a total value of $307,411.68. Following the transaction, the director now directly owns 29,347 shares of the company's stock, valued at approximately $4,031,103.92. The disclosure for this sale can be found here. In the last three months, insiders sold 157,491 shares of company stock valued at $21,454,204. 1.10% of the stock is owned by corporate 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.