NBT Bank N.A. Purchases 11,675 Shares of Intercontinental Exchange Inc. $ICE

NBT Bank N.A. purchased a new position in Intercontinental Exchange Inc. (NYSE:ICE) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 11,675 shares of the financial services provider’s stock, valued at approximately $1,775,000.

Several other institutional investors have also added to or reduced their stakes in ICE. Root Financial Partners LLC bought a new stake in Intercontinental Exchange in the third quarter valued at approximately $193,000. Cypress Wealth Services LLC boosted its stake in shares of Intercontinental Exchange by 21.0% during the third quarter. Cypress Wealth Services LLC now owns 2,715 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 472 shares during the period. Magnus Financial Group LLC purchased a new stake in shares of Intercontinental Exchange during the third quarter valued at approximately $208,000. Strengthening Families & Communities LLC boosted its stake in shares of Intercontinental Exchange by 2.8% during the third quarter. Strengthening Families & Communities LLC now owns 5,566 shares of the financial services provider’s stock valued at $846,000 after purchasing an additional 153 shares during the period. Finally, Sowell Financial Services LLC grew its holdings in shares of Intercontinental Exchange by 27.0% in the third quarter. Sowell Financial Services LLC now owns 3,265 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 694 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, SVP Douglas Foley sold 7,300 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $148.88, for a total value of $1,086,824.00. Following the completion of the transaction, the senior vice president directly owned 19,063 shares in the company, valued at approximately $2,838,099.44. This represents a 27.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Andrew Surdykowski sold 4,574 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $161.77, for a total transaction of $739,935.98. Following the completion of the sale, the general counsel directly owned 43,065 shares of the company’s stock, valued at approximately $6,966,625.05. This represents a 9.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 41,179 shares of company stock worth $6,473,715. 0.84% of the stock is owned by corporate insiders.

Intercontinental Exchange Price Performance

Shares of Intercontinental Exchange stock opened at $162.73 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. The company has a market cap of $91.36 billion, a PE ratio of 22.98, a P/E/G ratio of 1.51 and a beta of 0.94. The business has a 50 day moving average of $157.26 and a 200 day moving average of $150.89. Intercontinental Exchange Inc. has a 52 week low of $121.79 and a 52 week high of $176.05.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.81 earnings per share. As a group, equities research analysts forecast that Intercontinental Exchange Inc. will post 8.20 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Weiss Ratings raised shares of Intercontinental Exchange from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Rothschild & Co Redburn upped their price target on shares of Intercontinental Exchange from $173.00 to $181.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Wells Fargo & Company reissued an “underweight” rating and set a $160.00 price target (up from $159.00) on shares of Intercontinental Exchange in a research report on Wednesday, October 14th. Jefferies Financial Group cut their price target on shares of Intercontinental Exchange from $189.00 to $185.00 in a report on Wednesday, October 7th. Finally, Bank of America raised their price target on shares of Intercontinental Exchange from $232.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $186.31.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc (NYSE:ICE) is a global operator of exchanges, clearinghouses, data services and technology platforms. The company owns and operates the New York Stock Exchange and other exchanges serving equity, options, futures and over-the-counter markets. Its marketplaces support trading in areas including energy, agricultural commodities, interest rates, currencies, equity indexes and individual stocks.

ICE also provides clearing and settlement services that help manage counterparty and transaction risk, along with market data, analytics, connectivity and other technology solutions for financial institutions and businesses.