JGP Wealth Management LLC Sells 15,504 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

JGP Wealth Management LLC lessened its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 19.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,066 shares of the financial services provider's stock after selling 15,504 shares during the quarter. Intercontinental Exchange comprises about 1.4% of JGP Wealth Management LLC's holdings, making the stock its 23rd biggest holding. JGP Wealth Management LLC's holdings in Intercontinental Exchange were worth $10,879,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Strategic Advisors LLC lifted its holdings in Intercontinental Exchange by 5.1% during the 4th quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider's stock worth $201,000 after buying an additional 66 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in shares of Intercontinental Exchange by 2.3% during the fourth quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider's stock valued at $465,000 after purchasing an additional 71 shares in the last quarter. Quadcap Wealth Management LLC raised its holdings in Intercontinental Exchange by 1.2% during the fourth quarter. Quadcap Wealth Management LLC now owns 6,162 shares of the financial services provider's stock worth $918,000 after purchasing an additional 71 shares in the last quarter. Colonial Trust Co SC boosted its stake in Intercontinental Exchange by 11.7% during the fourth quarter. Colonial Trust Co SC now owns 687 shares of the financial services provider's stock valued at $102,000 after buying an additional 72 shares in the last quarter. Finally, Sprott Inc. raised its holdings in shares of Intercontinental Exchange by 2.4% in the 4th quarter. Sprott Inc. now owns 3,085 shares of the financial services provider's stock worth $460,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Down 0.5%

NYSE:ICE traded down $0.91 on Tuesday, hitting $179.41. 2,387,667 shares of the company's stock traded hands, compared to its average volume of 3,016,431. The company has a market cap of $102.92 billion, a PE ratio of 37.53, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 1 year low of $132.91 and a 1 year high of $181.81. The firm has a 50-day moving average price of $168.18 and a 200-day moving average price of $162.89.

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

Intercontinental Exchange Announces Dividend

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

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, CAO James W. Namkung sold 612 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $180.00, for a total value of $110,160.00. Following the transaction, the chief accounting officer now owns 13,220 shares of the company's stock, valued at approximately $2,379,600. The trade was a 4.42% 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 hyperlink. Also, Director Judith A. Sprieser sold 2,630 shares of the business's stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the completion of the transaction, the director now directly owns 21,364 shares in the company, valued at approximately $3,396,876. This represents a 10.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,191 shares of company stock worth $694,978 over the last three months. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on ICE. Morgan Stanley increased 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 note on Monday, May 5th. Wall Street Zen raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. UBS Group lifted their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Barclays lifted their price target on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, Keefe, Bruyette & Woods lifted their price target on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $188.46.

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.