Fulton Bank N.A. Has $907,000 Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Fulton Bank N.A. decreased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,084 shares of the financial services provider’s stock after selling 95 shares during the period. Fulton Bank N.A.’s holdings in Intercontinental Exchange were worth $907,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ICE. Acadian Asset Management LLC increased its stake in shares of Intercontinental Exchange by 2,785.9% in the 2nd quarter. Acadian Asset Management LLC now owns 15,728 shares of the financial services provider’s stock valued at $2,150,000 after acquiring an additional 15,183 shares in the last quarter. Prudential PLC increased its stake in Intercontinental Exchange by 16.2% in the second quarter. Prudential PLC now owns 12,246 shares of the financial services provider’s stock valued at $1,676,000 after purchasing an additional 1,705 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of Intercontinental Exchange by 2.6% during the second quarter. Wedbush Securities Inc. now owns 5,213 shares of the financial services provider’s stock valued at $714,000 after purchasing an additional 131 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of Intercontinental Exchange by 5.4% during the 2nd quarter. Coldstream Capital Management Inc. now owns 9,281 shares of the financial services provider’s stock worth $1,271,000 after purchasing an additional 478 shares in the last quarter. Finally, MGO One Seven LLC grew its stake in shares of Intercontinental Exchange by 41.1% in the 2nd quarter. MGO One Seven LLC now owns 11,259 shares of the financial services provider’s stock valued at $1,541,000 after buying an additional 3,277 shares during the period. Institutional investors own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In related news, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction that occurred on 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 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 position. The transaction 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 stock in a transaction on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the sale, the president now owns 156,163 shares in the company, valued at approximately $24,986,080. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,533 shares of company stock worth $1,196,279. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Down 0.1 %

NYSE ICE opened at $146.35 on Friday. The business’s fifty day moving average is $154.33 and its 200-day moving average is $155.15. 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 stock has a market capitalization of $84.03 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 2.57 and a beta of 1.10. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one 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 EPS for the quarter, hitting the consensus estimate 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 analyst estimates of $2.35 billion. During the same quarter in the previous year, the firm posted $1.46 earnings per share. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. Equities research analysts predict that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ICE. Deutsche Bank Aktiengesellschaft increased their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. The Goldman Sachs Group lifted their price target on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday. Raymond James cut shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective for the company. in a report on Monday, October 14th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $175.07.

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.