Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by MJP Associates Inc. ADV

MJP Associates Inc. ADV cut its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 50.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,597 shares of the financial services provider's stock after selling 1,656 shares during the period. MJP Associates Inc. ADV's holdings in Intercontinental Exchange were worth $238,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ICE. Sierra Ocean LLC acquired a new position in Intercontinental Exchange in the fourth quarter worth about $25,000. Redwood Park Advisors LLC acquired a new position in Intercontinental Exchange in the fourth quarter worth about $33,000. Lee Danner & Bass Inc. acquired a new position in Intercontinental Exchange in the fourth quarter worth about $34,000. BankPlus Trust Department acquired a new position in Intercontinental Exchange in the fourth quarter worth about $40,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Intercontinental Exchange in the fourth quarter worth about $44,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, President Benjamin Jackson sold 17,104 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the sale, the president now owns 155,174 shares of the company's stock, valued at $25,855,091.88. The trade was a 9.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 21,364 shares in the company, valued at approximately $3,396,876. The trade was a 10.96% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,368 shares of company stock valued at $7,077,789. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. 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. Morgan Stanley lifted their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods raised their target price on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $185.93.

Intercontinental Exchange Stock Performance

Shares of ICE traded up $1.25 during mid-day trading on Friday, reaching $176.10. 2,330,889 shares of the company's stock traded hands, compared to its average volume of 2,972,476. The business's 50-day moving average price is $167.15 and its 200-day moving average price is $161.20. The stock has a market capitalization of $101.01 billion, a P/E ratio of 36.84, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a 12 month low of $131.79 and a 12 month high of $179.44.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. The company had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.44 billion. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 earnings per share. Equities analysts predict 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 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 1.09%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 39.75%.

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.