Intercontinental Exchange Inc. $ICE Holdings Cut by Woodley Farra Manion Portfolio Management Inc.

Woodley Farra Manion Portfolio Management Inc. cut its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 3.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 428,165 shares of the financial services provider’s stock after selling 15,845 shares during the quarter. Intercontinental Exchange makes up 3.4% of Woodley Farra Manion Portfolio Management Inc.’s investment portfolio, making the stock its 10th largest position. Woodley Farra Manion Portfolio Management Inc.’s holdings in Intercontinental Exchange were worth $72,137,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Westside Investment Management Inc. acquired a new stake in Intercontinental Exchange during the second quarter worth approximately $29,000. Knuff & Co LLC lifted its stake in shares of Intercontinental Exchange by 73.3% during the 2nd quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 74 shares during the period. Private Wealth Management Group LLC boosted its holdings in shares of Intercontinental Exchange by 59.5% during the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 66 shares during the last quarter. Capital A Wealth Management LLC grew its position in shares of Intercontinental Exchange by 26,000.0% in the second quarter. Capital A Wealth Management LLC now owns 261 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 260 shares during the period. Finally, NewSquare Capital LLC grew its position in shares of Intercontinental Exchange by 32.0% in the second quarter. NewSquare Capital LLC now owns 272 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ICE shares. TD Cowen reiterated a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercontinental Exchange in a report on Monday, December 29th. Morgan Stanley set a $183.00 target price on shares of Intercontinental Exchange and gave the stock an “equal weight” rating in a research report on Tuesday, February 10th. UBS Group reaffirmed a “buy” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. cut their price target on shares of Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $195.40.

Intercontinental Exchange Trading Up 0.6%

ICE traded up $0.91 on Friday, reaching $155.02. 167,293 shares of the company’s stock were exchanged, compared to its average volume of 4,114,206. The company’s 50 day moving average is $164.76 and its 200-day moving average is $164.78. The company has a market cap of $88.04 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.62 and a beta of 1.02. Intercontinental Exchange Inc. has a twelve month low of $143.17 and a twelve month high of $189.35. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the previous year, the company posted $1.52 earnings per share. Intercontinental Exchange’s revenue was up 7.8% compared to the same quarter last year. Equities analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio is 33.28%.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, CTO Mayur Kapani sold 15,213 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $155.02, for a total value of $2,358,319.26. Following the transaction, the chief technology officer directly owned 64,869 shares of the company’s stock, valued at $10,055,992.38. This trade represents a 19.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $155.00, for a total value of $23,250,000.00. Following the completion of the sale, the chief executive officer directly owned 1,651,705 shares of the company’s stock, valued at $256,014,275. The trade was a 8.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 323,378 shares of company stock worth $50,352,508 in the last quarter. 1.00% of the stock is owned by corporate insiders.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.