Montag & Caldwell LLC Sells 7,292 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Montag & Caldwell LLC reduced its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,837 shares of the financial services provider's stock after selling 7,292 shares during the period. Intercontinental Exchange comprises about 2.7% of Montag & Caldwell LLC's holdings, making the stock its 17th largest holding. Montag & Caldwell LLC's holdings in Intercontinental Exchange were worth $12,791,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Intercontinental Exchange by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 52,228,177 shares of the financial services provider's stock valued at $7,782,521,000 after buying an additional 538,670 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Intercontinental Exchange by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 11,883,252 shares of the financial services provider's stock valued at $1,765,317,000 after acquiring an additional 327,637 shares in the last quarter. Norges Bank bought a new stake in Intercontinental Exchange during the fourth quarter worth approximately $1,196,258,000. Independent Franchise Partners LLP grew its holdings in Intercontinental Exchange by 20.8% during the fourth quarter. Independent Franchise Partners LLP now owns 6,160,836 shares of the financial services provider's stock valued at $918,026,000 after purchasing an additional 1,062,904 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Intercontinental Exchange by 8.0% in the third quarter. Franklin Resources Inc. now owns 5,265,020 shares of the financial services provider's stock valued at $865,455,000 after purchasing an additional 390,332 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE traded down $0.10 during trading on Friday, hitting $158.34. 2,742,738 shares of the company were exchanged, compared to its average volume of 2,920,905. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $177.45. The company has a market capitalization of $90.97 billion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The business's 50 day moving average is $167.27 and its 200-day moving average is $160.51.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Equities analysts forecast 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 Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's payout ratio is currently 40.17%.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of the company's stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the sale, the director now owns 21,364 shares of the company's stock, valued at approximately $3,396,876. This represents a 10.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Lynn C. Martin sold 4,155 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $165.60, for a total value of $688,068.00. Following the completion of the sale, the insider now owns 57,376 shares of the company's stock, valued at approximately $9,501,465.60. The trade was a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,931 shares of company stock worth $10,492,868. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. UBS Group raised their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Bank of America reduced their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.47.

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.