Fiduciary Alliance LLC Sells 16,167 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Fiduciary Alliance LLC decreased its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 67.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,926 shares of the financial services provider's stock after selling 16,167 shares during the period. Fiduciary Alliance LLC's holdings in Intercontinental Exchange were worth $1,367,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Intercontinental Exchange by 51.3% in the fourth quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider's stock valued at $514,000 after buying an additional 1,169 shares during the period. Chicago Partners Investment Group LLC grew its holdings in Intercontinental Exchange by 4.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 2,374 shares of the financial services provider's stock worth $348,000 after acquiring an additional 104 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Intercontinental Exchange by 5.1% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,460 shares of the financial services provider's stock worth $2,453,000 after acquiring an additional 793 shares in the last quarter. Spire Wealth Management lifted its stake in shares of Intercontinental Exchange by 56.7% in the 4th quarter. Spire Wealth Management now owns 721 shares of the financial services provider's stock valued at $107,000 after purchasing an additional 261 shares during the period. Finally, Golden State Equity Partners boosted its position in shares of Intercontinental Exchange by 40.7% during the 4th quarter. Golden State Equity Partners now owns 1,656 shares of the financial services provider's stock valued at $247,000 after purchasing an additional 479 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE traded down $0.05 during trading on Wednesday, hitting $179.29. 1,869,923 shares of the company were exchanged, compared to its average volume of 3,011,863. Intercontinental Exchange, Inc. has a 52-week low of $132.91 and a 52-week high of $180.89. The stock has a 50 day moving average of $168.24 and a 200 day moving average of $163.00. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $102.85 billion, a PE ratio of 37.51, a P/E/G ratio of 2.10 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period in the previous year, the company posted $1.48 EPS. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities research analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.07%. Intercontinental Exchange's dividend payout ratio is presently 39.75%.

Insider Transactions at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 552 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $174.52, for a total value of $96,335.04. Following the transaction, the insider now owns 15,658 shares of the company's stock, valued at approximately $2,732,634.16. This represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Martha A. Tirinnanzi sold 397 shares of Intercontinental Exchange stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $177.11, for a total value of $70,312.67. Following the sale, the director now directly owns 4,526 shares of the company's stock, valued at $801,599.86. This represents a 8.06% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,191 shares of company stock valued at $694,978. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ICE shares. Wall Street Zen upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. UBS Group lifted their price objective 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. Barclays boosted their target price on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Bank of America reduced their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $188.46.

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.