First National Bank of Omaha Purchases Shares of 43,308 Intercontinental Exchange Inc. $ICE

First National Bank of Omaha purchased a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 43,308 shares of the financial services provider’s stock, valued at approximately $7,297,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Princeton Global Asset Management LLC bought a new position in Intercontinental Exchange in the second quarter worth approximately $28,000. Westside Investment Management Inc. bought a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at $29,000. Private Wealth Management Group LLC increased its stake in shares of Intercontinental Exchange by 59.5% in the 3rd quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 66 shares in the last quarter. Knuff & Co LLC increased its stake in shares of Intercontinental Exchange by 73.3% in the 2nd quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 74 shares in the last quarter. Finally, Gables Capital Management Inc. raised its holdings in Intercontinental Exchange by 100.0% in the 2nd quarter. Gables Capital Management Inc. now owns 250 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 4,722 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $169.19, for a total value of $798,915.18. Following the sale, the director owned 9,747 shares of the company’s stock, valued at $1,649,094.93. The trade was a 32.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Warren Gardiner sold 1,572 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $153.65, for a total value of $241,537.80. Following the sale, the chief financial officer directly owned 20,534 shares in the company, valued at $3,155,049.10. This trade represents a 7.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 29,800 shares of company stock valued at $4,845,491 in the last 90 days. 1.00% of the stock is currently owned by insiders.

Intercontinental Exchange Trading Up 0.7%

Intercontinental Exchange stock opened at $153.30 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.02 and a quick ratio of 1.02. The firm’s 50 day moving average price is $165.05 and its 200-day moving average price is $164.92. Intercontinental Exchange Inc. has a 1 year low of $143.17 and a 1 year high of $189.35. The stock has a market cap of $87.06 billion, a P/E ratio of 26.57, a PEG ratio of 1.59 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.04. The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. Intercontinental Exchange’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company posted $1.52 earnings per share. On average, equities analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, December 16th. Intercontinental Exchange’s payout ratio is currently 33.28%.

Wall Street Analysts Forecast Growth

ICE has been the subject of several recent research reports. Morgan Stanley set a $183.00 price target on Intercontinental Exchange and gave the company an “equal weight” rating in a report on Tuesday, February 10th. TD Cowen reaffirmed a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $180.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Monday, December 29th. Finally, Barclays set a $193.00 price objective on shares of Intercontinental Exchange and gave the company an “overweight” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $195.40.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.