Woodley Farra Manion Portfolio Management Inc. Sells 2,699 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Woodley Farra Manion Portfolio Management Inc. decreased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICEGet Rating) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 339,062 shares of the financial services provider’s stock after selling 2,699 shares during the period. Intercontinental Exchange makes up 3.3% of Woodley Farra Manion Portfolio Management Inc.’s investment portfolio, making the stock its 15th largest holding. Woodley Farra Manion Portfolio Management Inc. owned approximately 0.06% of Intercontinental Exchange worth $44,797,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of ICE. Brown Advisory Inc. boosted its stake in Intercontinental Exchange by 23.0% during the fourth quarter. Brown Advisory Inc. now owns 9,807 shares of the financial services provider’s stock worth $1,342,000 after acquiring an additional 1,835 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Intercontinental Exchange by 5.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 62,854 shares of the financial services provider’s stock worth $8,597,000 after acquiring an additional 3,365 shares in the last quarter. Cedar Brook Financial Partners LLC boosted its stake in Intercontinental Exchange by 5.4% during the fourth quarter. Cedar Brook Financial Partners LLC now owns 2,392 shares of the financial services provider’s stock worth $327,000 after acquiring an additional 123 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Intercontinental Exchange by 12.2% in the fourth quarter. Bessemer Group Inc. now owns 25,541 shares of the financial services provider’s stock worth $3,494,000 after buying an additional 2,771 shares in the last quarter. Finally, National Asset Management Inc. lifted its stake in shares of Intercontinental Exchange by 3.5% in the fourth quarter. National Asset Management Inc. now owns 4,742 shares of the financial services provider’s stock worth $649,000 after buying an additional 160 shares in the last quarter. Institutional investors own 87.36% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE opened at $97.51 on Thursday. The firm has a fifty day moving average price of $97.23 and a 200-day moving average price of $114.61. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $54.44 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 2.53 and a beta of 0.90. Intercontinental Exchange, Inc. has a 1 year low of $90.05 and a 1 year high of $139.79.

Intercontinental Exchange (NYSE:ICEGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. Intercontinental Exchange had a net margin of 44.24% and a return on equity of 13.41%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the prior year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities analysts anticipate that Intercontinental Exchange, Inc. will post 5.36 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were given a dividend of $0.38 per share. The ex-dividend date was Tuesday, June 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.56%. Intercontinental Exchange’s dividend payout ratio is 21.11%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ICE. Raymond James dropped their target price on shares of Intercontinental Exchange from $142.00 to $126.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, June 22nd. StockNews.com cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, May 6th. Jefferies Financial Group decreased their price objective on shares of Intercontinental Exchange from $161.00 to $134.00 in a report on Friday, May 20th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Intercontinental Exchange from $117.00 to $114.00 in a report on Wednesday, July 13th. Finally, Citigroup reduced their target price on shares of Intercontinental Exchange from $160.00 to $152.00 in a report on Wednesday, April 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.00.

Insider Buying and Selling

In related news, insider Christopher Scott Edmonds sold 492 shares of the company’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $93.61, for a total transaction of $46,056.12. Following the completion of the transaction, the insider now owns 14,119 shares in the company, valued at $1,321,679.59. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 492 shares of the stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $93.61, for a total transaction of $46,056.12. Following the completion of the transaction, the insider now owns 14,119 shares in the company, valued at $1,321,679.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey C. Sprecher sold 83,621 shares of the stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $98.97, for a total transaction of $8,275,970.37. Following the transaction, the chief executive officer now owns 1,277,280 shares of the company’s stock, valued at approximately $126,412,401.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,296 shares of company stock worth $8,537,490. 1.30% of the stock is owned by insiders.

Intercontinental Exchange Profile

(Get Rating)

Intercontinental Exchange, Inc, together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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