Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Czech National Bank

Czech National Bank boosted its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 6.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 124,493 shares of the financial services provider's stock after purchasing an additional 7,535 shares during the period. Czech National Bank's holdings in Intercontinental Exchange were worth $18,551,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ICE. Wealth Enhancement Advisory Services LLC grew its stake in shares of Intercontinental Exchange by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider's stock worth $5,647,000 after acquiring an additional 366 shares in the last quarter. Park National Corp OH grew its stake in shares of Intercontinental Exchange by 2.6% in the fourth quarter. Park National Corp OH now owns 189,564 shares of the financial services provider's stock worth $28,247,000 after acquiring an additional 4,862 shares in the last quarter. Diversified Trust Co grew its stake in shares of Intercontinental Exchange by 55.3% in the fourth quarter. Diversified Trust Co now owns 9,247 shares of the financial services provider's stock worth $1,378,000 after acquiring an additional 3,294 shares in the last quarter. Iowa State Bank grew its stake in shares of Intercontinental Exchange by 0.9% in the fourth quarter. Iowa State Bank now owns 30,194 shares of the financial services provider's stock worth $4,499,000 after acquiring an additional 267 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its stake in shares of Intercontinental Exchange by 1.5% in the fourth quarter. CWA Asset Management Group LLC now owns 5,431 shares of the financial services provider's stock worth $809,000 after acquiring an additional 82 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Insider Activity

In other news, COO Stuart Glen Williams sold 750 shares of the company's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the sale, the chief operating officer now directly owns 12,780 shares of the company's stock, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the sale, the president now directly owns 156,163 shares of the company's stock, valued at $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,533 shares of company stock valued at $1,196,279. Insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Performance

ICE traded up $1.24 on Tuesday, reaching $145.13. The company had a trading volume of 3,229,649 shares, compared to its average volume of 3,039,265. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $167.99. The stock has a market capitalization of $83.33 billion, a PE ratio of 34.39, a P/E/G ratio of 2.57 and a beta of 1.10. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average price of $153.62 and a 200-day moving average price of $155.53.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting analysts' consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The firm had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.35 billion. During the same period in the previous year, the company earned $1.46 earnings per share. Intercontinental Exchange's quarterly revenue was up 17.3% compared to the same quarter last year. As a group, research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays dropped their price target on shares of Intercontinental Exchange from $187.00 to $179.00 and set an "overweight" rating for the company in a research note on Monday. StockNews.com downgraded shares of Intercontinental Exchange from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th. Raymond James downgraded shares of Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 target price for the company. in a research note on Monday, October 14th. The Goldman Sachs Group boosted their target price on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Finally, TD Cowen began coverage on shares of Intercontinental Exchange in a research note on Thursday, September 26th. They set a "buy" rating and a $182.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Intercontinental Exchange presently has an average rating of "Moderate Buy" and a consensus price target of $175.20.

About Intercontinental Exchange

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.