Intercontinental Exchange Inc (NYSE:ICE) Shares Bought by Hills Bank & Trust Co.

Hills Bank & Trust Co. boosted its stake in Intercontinental Exchange Inc (NYSE:ICE) by 0.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 67,669 shares of the financial services provider’s stock after acquiring an additional 465 shares during the quarter. Intercontinental Exchange accounts for about 1.4% of Hills Bank & Trust Co.’s portfolio, making the stock its 21st biggest holding. Hills Bank & Trust Co.’s holdings in Intercontinental Exchange were worth $5,153,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Intercontinental Wealth Advisors LLC acquired a new stake in Intercontinental Exchange in the 4th quarter valued at $25,000. Gradient Investments LLC grew its stake in Intercontinental Exchange by 432.8% in the 4th quarter. Gradient Investments LLC now owns 357 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 290 shares during the period. Ruggie Capital Group acquired a new stake in Intercontinental Exchange in the 4th quarter valued at $29,000. Moody National Bank Trust Division acquired a new stake in Intercontinental Exchange in the 4th quarter valued at $30,000. Finally, Sontag Advisory LLC acquired a new stake in Intercontinental Exchange in the 4th quarter valued at $34,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ICE opened at $80.80 on Friday. Intercontinental Exchange Inc has a 52-week low of $69.33 and a 52-week high of $82.65. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $45.08 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 2.57 and a beta of 0.50.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Intercontinental Exchange had a net margin of 31.98% and a return on equity of 12.22%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 EPS. As a group, analysts forecast that Intercontinental Exchange Inc will post 3.73 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on the stock. Bank of America set a $85.00 price target on shares of Intercontinental Exchange and gave the company a “buy” rating in a research note on Tuesday, April 9th. Zacks Investment Research cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Wells Fargo & Co lifted their price target on shares of Intercontinental Exchange from $79.00 to $81.00 and gave the company a “market perform” rating in a research note on Thursday, April 4th. Deutsche Bank lowered their target price on shares of Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating on the stock in a research note on Friday, March 15th. Finally, ValuEngine cut shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. Intercontinental Exchange currently has a consensus rating of “Buy” and a consensus price target of $85.55.

In other news, General Counsel Andrew J. Surdykowski sold 1,200 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $81.00, for a total transaction of $97,200.00. Following the transaction, the general counsel now owns 41,161 shares of the company’s stock, valued at approximately $3,334,041. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey C. Sprecher sold 92,502 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $74.33, for a total transaction of $6,875,673.66. Following the transaction, the chief executive officer now directly owns 1,553,471 shares in the company, valued at approximately $115,469,499.43. The disclosure for this sale can be found here. In the last three months, insiders have sold 214,002 shares of company stock worth $16,210,485. Corporate insiders own 1.50% of the company’s stock.

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Intercontinental Exchange Profile

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, Asia, Israel, and Canada. It operates through 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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