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

Trust Co. of Vermont cut its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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.

Several other large investors also recently added to or reduced their stakes in ICE. Quintet Private Bank Europe S.A. grew its stake in shares of Intercontinental Exchange by 13.8% in the third quarter. Quintet Private Bank Europe S.A. now owns 511 shares of the financial services provider’s stock valued at $82,000 after buying an additional 62 shares in the last quarter. Raleigh Capital Management Inc. grew its position in shares of Intercontinental Exchange by 26.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 302 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 63 shares during the period. Integrated Advisors Network LLC increased its stake in shares of Intercontinental Exchange by 4.0% during the 3rd quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 66 shares during the last quarter. Catalyst Capital Advisors LLC raised its holdings in shares of Intercontinental Exchange by 6.2% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,197 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 70 shares during the period. Finally, Catalina Capital Group LLC lifted its stake in Intercontinental Exchange by 3.9% in the 3rd quarter. Catalina Capital Group LLC now owns 1,867 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 70 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Trading Down 0.8 %

NYSE:ICE traded down $1.16 during mid-day trading on Friday, hitting $149.07. 3,301,963 shares of the company’s stock were exchanged, compared to its average volume of 2,416,945. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $167.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $85.59 billion, a P/E ratio of 35.33, a PEG ratio of 2.29 and a beta of 1.10. The company has a 50 day simple moving average of $153.35 and a 200-day simple moving average of $155.44.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting analysts’ consensus estimates of $1.55. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. Intercontinental Exchange’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.46 earnings per share. As a group, research analysts expect that Intercontinental Exchange, Inc. will post 6.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays dropped their price objective on Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Raymond James downgraded Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target for the company. in a report on Monday, October 14th. JPMorgan Chase & Co. reduced their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Finally, Piper Sandler increased their price target on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $175.27.

Insider Activity

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 601 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total transaction of $149,056.40. Following the sale, the general counsel now directly owns 44,702 shares of the company’s stock, valued at approximately $6,977,088.16. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,795 shares of company stock valued at $2,120,572. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Company Profile

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.