Raymond James Trust N.A. Acquires 760 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)


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Raymond James Trust N.A. increased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 3.9% during the fourth quarter, HoldingsChannel reports. The firm owned 20,131 shares of the financial services provider’s stock after buying an additional 760 shares during the period. Raymond James Trust N.A.’s holdings in Intercontinental Exchange were worth $2,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in Intercontinental Exchange in the third quarter valued at about $26,000. Eudaimonia Partners LLC increased its holdings in Intercontinental Exchange by 81.4% in the 3rd quarter. Eudaimonia Partners LLC now owns 1,128 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 506 shares during the last quarter. Old North State Trust LLC purchased a new stake in Intercontinental Exchange in the 3rd quarter worth about $36,000. Winslow Evans & Crocker Inc. increased its holdings in Intercontinental Exchange by 727.3% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 455 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 400 shares during the last quarter. Finally, Ropes Wealth Advisors LLC purchased a new stake in Intercontinental Exchange in the 3rd quarter worth about $48,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

ICE has been the subject of several recent research reports. UBS Group lifted their price objective on Intercontinental Exchange from $121.00 to $126.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. Piper Sandler lifted their price objective on Intercontinental Exchange from $117.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, January 7th. Rosenblatt Securities lifted their price objective on Intercontinental Exchange from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, January 7th. Oppenheimer reissued a “buy” rating on shares of Intercontinental Exchange in a report on Friday, January 8th. Finally, Compass Point lifted their target price on Intercontinental Exchange from $110.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, December 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $118.07.

In other news, CFO Scott A. Hill sold 39,800 shares of Intercontinental Exchange stock in a transaction dated Monday, December 7th. The stock was sold at an average price of $110.14, for a total transaction of $4,383,572.00. Following the completion of the sale, the chief financial officer now owns 185,792 shares in the company, valued at approximately $20,463,130.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 2,070 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $97.51, for a total value of $201,845.70. Following the completion of the sale, the general counsel now owns 39,512 shares of the company’s stock, valued at approximately $3,852,815.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,418 shares of company stock valued at $10,370,679. Corporate insiders own 1.50% of the company’s stock.

Shares of ICE opened at $117.84 on Thursday. The company has a market cap of $66.14 billion, a PE ratio of 32.46, a price-to-earnings-growth ratio of 2.19 and a beta of 0.66. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average price of $111.38 and a 200-day moving average price of $101.88. Intercontinental Exchange, Inc. has a 12-month low of $63.51 and a 12-month high of $119.02.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, October 29th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.04. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. Intercontinental Exchange had a return on equity of 13.63% and a net margin of 26.19%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $1.06 EPS. As a group, analysts predict that Intercontinental Exchange, Inc. will post 4.45 earnings per share for the current year.

About Intercontinental Exchange

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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