Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Howard Capital Management Group LLC

Howard Capital Management Group LLC decreased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 209,684 shares of the financial services provider's stock after selling 1,510 shares during the period. Intercontinental Exchange comprises approximately 2.8% of Howard Capital Management Group LLC's holdings, making the stock its 12th largest holding. Howard Capital Management Group LLC's holdings in Intercontinental Exchange were worth $36,171,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in Intercontinental Exchange by 51.3% during the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider's stock worth $514,000 after purchasing an additional 1,169 shares during the period. Empowered Funds LLC grew its position in shares of Intercontinental Exchange by 22.0% during the 4th quarter. Empowered Funds LLC now owns 13,207 shares of the financial services provider's stock worth $1,968,000 after buying an additional 2,378 shares in the last quarter. Savant Capital LLC increased its stake in shares of Intercontinental Exchange by 4.4% during the fourth quarter. Savant Capital LLC now owns 9,067 shares of the financial services provider's stock valued at $1,351,000 after buying an additional 383 shares during the period. Certuity LLC bought a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $224,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Intercontinental Exchange in the fourth quarter worth about $1,346,000. 89.30% of the stock is currently owned by institutional investors.

Insider Activity

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 150,000 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $179.22, for a total value of $26,883,000.00. Following the sale, the chief executive officer now directly owns 2,101,705 shares of the company's stock, valued at approximately $376,667,570.10. This represents a 6.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Martha A. Tirinnanzi sold 397 shares of the stock in a transaction dated Tuesday, May 27th. The stock was 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 in the company, valued at $801,599.86. This represents a 8.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 227,954 shares of company stock valued at $40,796,663 over the last ninety days. 1.00% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Up 0.7%

Intercontinental Exchange stock traded up $1.23 during midday trading on Monday, reaching $179.67. The company's stock had a trading volume of 2,150,681 shares, compared to its average volume of 3,193,870. 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 stock has a market capitalization of $103.06 billion, a P/E ratio of 37.59, a PEG ratio of 2.10 and a beta of 1.12. The stock's 50-day simple moving average is $170.32 and its 200-day simple moving average is $164.08. Intercontinental Exchange, Inc. has a 52-week low of $133.97 and a 52-week high of $181.63.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Intercontinental Exchange's revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm posted $1.48 EPS. On average, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ICE shares. Morgan Stanley raised their target price on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Keefe, Bruyette & Woods increased their price objective 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. Bank of America reduced their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Barclays upped their target price on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a report 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 company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.