Crossmark Global Holdings Inc. Lowers Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Crossmark Global Holdings Inc. trimmed its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.3% in the fourth quarter, HoldingsChannel reports. The fund owned 31,957 shares of the financial services provider’s stock after selling 85 shares during the period. Crossmark Global Holdings Inc.’s holdings in Intercontinental Exchange were worth $4,762,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ICE. Ballentine Partners LLC grew its stake in shares of Intercontinental Exchange by 1.8% during the fourth quarter. Ballentine Partners LLC now owns 6,004 shares of the financial services provider’s stock valued at $895,000 after buying an additional 109 shares during the last quarter. Ulland Investment Advisors LLC grew its position in Intercontinental Exchange by 21.1% during the 4th quarter. Ulland Investment Advisors LLC now owns 6,526 shares of the financial services provider’s stock worth $972,000 after acquiring an additional 1,136 shares during the last quarter. Cove Private Wealth LLC increased its stake in Intercontinental Exchange by 275.0% in the 4th quarter. Cove Private Wealth LLC now owns 5,625 shares of the financial services provider’s stock worth $838,000 after purchasing an additional 4,125 shares during the period. Guinness Asset Management LTD lifted its position in Intercontinental Exchange by 9.9% in the fourth quarter. Guinness Asset Management LTD now owns 273,299 shares of the financial services provider’s stock valued at $40,724,000 after purchasing an additional 24,660 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Intercontinental Exchange by 21.6% during the fourth quarter. UMB Bank n.a. now owns 13,399 shares of the financial services provider’s stock valued at $1,997,000 after purchasing an additional 2,381 shares during the period. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Stock Up 1.6 %

NYSE:ICE opened at $154.11 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s 50-day moving average price is $152.96 and its 200-day moving average price is $155.86. The company has a market capitalization of $88.48 billion, a PE ratio of 36.52, a P/E/G ratio of 2.85 and a beta of 1.10. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $167.99.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the company earned $1.46 earnings per share. The business’s revenue was up 17.3% compared to the same quarter last year. On average, equities analysts predict that Intercontinental Exchange, Inc. will post 6.05 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 transaction, the chief operating officer now owns 12,780 shares in the company, valued at $1,955,212.20. The trade was a 5.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher Scott Edmonds sold 601 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total transaction 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. This represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,795 shares of company stock worth $2,120,572 in the last 90 days. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

ICE has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a report on Monday, November 11th. Bank of America increased their target price on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. TD Cowen began coverage on Intercontinental Exchange in a report on Thursday, September 26th. They issued a “buy” rating and a $182.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. One equities 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.27.

Intercontinental Exchange 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.