First Western Trust Bank Sells 4,145 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

First Western Trust Bank cut its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 13.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,645 shares of the financial services provider’s stock after selling 4,145 shares during the quarter. First Western Trust Bank’s holdings in Intercontinental Exchange were worth $3,784,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. American National Bank lifted its holdings in shares of Intercontinental Exchange by 13.8% in the 2nd quarter. American National Bank now owns 569 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 69 shares during the last quarter. Catalyst Financial Partners LLC lifted its stake in shares of Intercontinental Exchange by 3.4% in the 2nd quarter. Catalyst Financial Partners LLC now owns 2,223 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 73 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Intercontinental Exchange by 1.8% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 4,083 shares of the financial services provider’s stock worth $559,000 after purchasing an additional 74 shares during the period. Founders Financial Securities LLC increased its position in shares of Intercontinental Exchange by 4.8% during the 2nd quarter. Founders Financial Securities LLC now owns 1,600 shares of the financial services provider’s stock valued at $219,000 after purchasing an additional 74 shares during the last quarter. Finally, Pettyjohn Wood & White Inc. increased its position in shares of Intercontinental Exchange by 0.5% during the 4th quarter. Pettyjohn Wood & White Inc. now owns 15,813 shares of the financial services provider’s stock valued at $2,031,000 after purchasing an additional 75 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. Barclays lifted their price target on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Argus reissued a “buy” rating and issued a $153.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. Citigroup raised their price objective on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $154.93.

Insider Buying and Selling at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 1,941 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $160.69, for a total value of $311,899.29. Following the completion of the sale, the director now owns 26,908 shares of the company’s stock, valued at approximately $4,323,846.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Judith A. Sprieser sold 1,941 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $160.69, for a total value of $311,899.29. Following the completion of the transaction, the director now directly owns 26,908 shares of the company’s stock, valued at approximately $4,323,846.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO James W. Namkung sold 1,171 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $160.00, for a total value of $187,360.00. Following the sale, the chief accounting officer now directly owns 16,665 shares in the company, valued at approximately $2,666,400. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,346 shares of company stock valued at $9,472,911. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Up 0.1 %

ICE opened at $162.60 on Friday. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $162.92. The company has a market capitalization of $93.26 billion, a P/E ratio of 37.29, a PEG ratio of 2.84 and a beta of 1.08. The stock’s fifty day moving average is $151.62 and its two-hundred day moving average is $140.99. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. Analysts forecast that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current year.

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.