Norway Savings Bank Has $2.95 Million Holdings in Intercontinental Exchange Inc. $ICE

by · The Cerbat Gem

Norway Savings Bank boosted its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE – Free Report) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,058 shares of the financial services provider’s stock after buying an additional 388 shares during the period. Intercontinental Exchange comprises 1.5% of Norway Savings Bank’s investment portfolio, making the stock its 22nd largest holding. Norway Savings Bank’s holdings in Intercontinental Exchange were worth $2,946,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fielder Capital Group LLC grew its holdings in Intercontinental Exchange by 2.2% during the first quarter. Fielder Capital Group LLC now owns 2,808 shares of the financial services provider’s stock valued at $484,000 after purchasing an additional 61 shares during the last quarter. E Fund Management Co. Ltd. grew its holdings in Intercontinental Exchange by 4.2% during the first quarter. E Fund Management Co. Ltd. now owns 1,500 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 61 shares during the last quarter. Berkeley Capital Partners LLC grew its holdings in Intercontinental Exchange by 1.1% during the first quarter. Berkeley Capital Partners LLC now owns 5,639 shares of the financial services provider’s stock valued at $973,000 after purchasing an additional 62 shares during the last quarter. GPS Wealth Strategies Group LLC grew its holdings in Intercontinental Exchange by 17.2% during the first quarter. GPS Wealth Strategies Group LLC now owns 430 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 63 shares during the last quarter. Finally, Values Added Financial LLC boosted its position in shares of Intercontinental Exchange by 4.4% in the first quarter. Values Added Financial LLC now owns 1,533 shares of the financial services provider’s stock valued at $264,000 after acquiring an additional 64 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Ratings Changes

ICE has been the subject of several research reports. UBS Group increased their price objective on Intercontinental Exchange from $195.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Barclays increased their price objective on Intercontinental Exchange from $206.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Piper Sandler increased their price objective on Intercontinental Exchange from $180.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $194.92.

Get Our Latest Research Report on Intercontinental Exchange

Insider Transactions at Intercontinental Exchange

In related news, SVP Douglas Foley sold 1,600 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $175.62, for a total value of $280,992.00. Following the completion of the transaction, the senior vice president directly owned 25,796 shares of the company’s stock, valued at $4,530,293.52. This trade represents a 5.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $183.09, for a total value of $27,463,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,951,705 shares of the company’s stock, valued at approximately $357,337,668.45. This trade represents a 7.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 230,730 shares of company stock valued at $42,171,892 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Intercontinental Exchange Stock Down 1.2%

Shares of ICE stock opened at $174.02 on Friday. The stock has a market cap of $99.61 billion, a P/E ratio of 33.40, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. Intercontinental Exchange Inc. has a one year low of $142.29 and a one year high of $189.35. The stock has a fifty day moving average price of $180.62 and a 200 day moving average price of $174.97. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01.

Intercontinental Exchange (NYSE:ICE – Get Free Report) last issued its earnings results on Thursday, July 31st. The financial services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.77 by $0.04. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.Intercontinental Exchange’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business earned $1.52 earnings per share. Analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Profile

(Free Report)

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.

Further Reading

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