Trust Co. of Vermont Has $9.25 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Trust Co. of Vermont decreased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,078 shares of the financial services provider's stock after selling 7,132 shares during the quarter. Trust Co. of Vermont's holdings in Intercontinental Exchange were worth $9,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp grew its stake in Intercontinental Exchange by 1.2% in the 3rd quarter. State Street Corp now owns 23,651,598 shares of the financial services provider's stock worth $3,799,393,000 after acquiring an additional 281,503 shares during the period. Geode Capital Management LLC increased its stake in shares of Intercontinental Exchange by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 11,555,615 shares of the financial services provider's stock valued at $1,848,868,000 after acquiring an additional 169,922 shares during the last quarter. FMR LLC lifted its holdings in shares of Intercontinental Exchange by 44.1% during the 3rd quarter. FMR LLC now owns 7,846,421 shares of the financial services provider's stock worth $1,260,449,000 after acquiring an additional 2,401,630 shares during the period. Parnassus Investments LLC boosted its position in shares of Intercontinental Exchange by 4.0% in the third quarter. Parnassus Investments LLC now owns 7,838,727 shares of the financial services provider's stock worth $1,259,213,000 after acquiring an additional 299,037 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Intercontinental Exchange by 8.0% in the third quarter. Franklin Resources Inc. now owns 5,265,020 shares of the financial services provider's stock valued at $865,455,000 after purchasing an additional 390,332 shares during the period. Hedge funds and other institutional investors own 89.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ICE. Bank of America lifted their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. TD Cowen began coverage on Intercontinental Exchange in a research note on Thursday, September 26th. They set a "buy" rating and a $182.00 target price for the company. Finally, Morgan Stanley increased their price target on Intercontinental Exchange from $160.00 to $174.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $175.27.

Insider Buying and Selling

In other news, insider Christopher Scott Edmonds sold 601 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the sale, the insider now owns 12,922 shares of the company's stock, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the transaction, the chief operating officer now directly owns 12,780 shares in the company, valued at approximately $1,955,212.20. The trade was a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,795 shares of company stock valued at $2,120,572 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock traded down $1.16 on Friday, reaching $149.07. 3,301,963 shares of the company were exchanged, compared to its average volume of 2,416,945. The company's 50-day moving average is $153.20 and its two-hundred day moving average is $155.63. The firm has a market cap of $85.59 billion, a price-to-earnings ratio of 35.33, a P/E/G ratio of 2.29 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $167.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) 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 analyst estimates of $2.35 billion. During the same period in the previous year, the business posted $1.46 EPS. Intercontinental Exchange's revenue was up 17.3% on a year-over-year basis. As a group, research analysts expect that Intercontinental Exchange, Inc. will post 6.06 earnings per share for the current fiscal year.

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.