Intercontinental Exchange Inc (NYSE:ICE) Shares Sold by Montag & Caldwell LLC

Montag & Caldwell LLC lowered its holdings in Intercontinental Exchange Inc (NYSE:ICE) by 3.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 752,496 shares of the financial services provider’s stock after selling 22,957 shares during the quarter. Intercontinental Exchange accounts for about 3.3% of Montag & Caldwell LLC’s holdings, making the stock its 13th biggest position. Montag & Caldwell LLC owned about 0.13% of Intercontinental Exchange worth $64,670,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Carroll Financial Associates Inc. lifted its holdings in Intercontinental Exchange by 51.3% in the second quarter. Carroll Financial Associates Inc. now owns 360 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 122 shares during the period. Arlington Partners LLC acquired a new stake in Intercontinental Exchange in the second quarter valued at $34,000. Sandy Spring Bank lifted its holdings in Intercontinental Exchange by 41.8% in the second quarter. Sandy Spring Bank now owns 404 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 119 shares during the period. Capital Advisors Ltd. LLC acquired a new stake in Intercontinental Exchange in the second quarter valued at $42,000. Finally, Pittenger & Anderson Inc. acquired a new stake in Intercontinental Exchange in the first quarter valued at $44,000. 89.41% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on the company. Raymond James lifted their price target on Intercontinental Exchange from $89.00 to $94.00 and gave the stock an “outperform” rating in a research note on Friday, July 5th. Citigroup downgraded Intercontinental Exchange from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $92.00 to $99.00 in a research note on Monday, July 22nd. Finally, ValuEngine raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. Intercontinental Exchange has an average rating of “Buy” and a consensus target price of $88.21.

In related news, CEO Jeffrey C. Sprecher sold 53,166 shares of Intercontinental Exchange stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $81.26, for a total transaction of $4,320,269.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider David S. Goone sold 7,689 shares of Intercontinental Exchange stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $92.00, for a total value of $707,388.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 179,966 shares of company stock valued at $15,414,996. 1.50% of the stock is currently owned by company insiders.

Intercontinental Exchange stock traded up $1.10 during midday trading on Thursday, reaching $90.37. 53,918 shares of the company were exchanged, compared to its average volume of 2,087,544. The firm has a market capitalization of $50.76 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 2.93 and a beta of 0.50. The company’s 50-day moving average is $89.70. Intercontinental Exchange Inc has a 1 year low of $69.69 and a 1 year high of $93.40. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.40.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.85%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. On average, sell-side analysts expect that Intercontinental Exchange Inc will post 3.78 earnings per share for the current fiscal year.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

See Also: P/E Growth (PEG)

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.