Congress Asset Management Co. Has $451,000 Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Congress Asset Management Co. trimmed its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 72.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,810 shares of the financial services provider’s stock after selling 7,391 shares during the quarter. Congress Asset Management Co.’s holdings in Intercontinental Exchange were worth $451,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. New Millennium Group LLC bought a new position in Intercontinental Exchange during the second quarter worth $25,000. International Assets Investment Management LLC bought a new position in shares of Intercontinental Exchange during the 2nd quarter worth about $25,000. Fairscale Capital LLC acquired a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at about $25,000. Wolff Wiese Magana LLC increased its position in Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after buying an additional 147 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in Intercontinental Exchange during the 3rd quarter worth approximately $26,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Transactions at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the transaction, the general counsel now owns 44,865 shares in the company, valued at approximately $7,159,108.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the sale, the general counsel now directly owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Christopher Scott Edmonds sold 602 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $98,011.62. Following the transaction, the insider now directly owns 14,034 shares in the company, valued at $2,284,875.54. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,489 shares of company stock worth $1,202,259 in the last quarter. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $154.64 on Friday. The business’s fifty day simple moving average is $161.98 and its 200 day simple moving average is $148.20. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69. Intercontinental Exchange, Inc. has a 12 month low of $104.91 and a 12 month high of $167.99. The firm has a market capitalization of $88.79 billion, a P/E ratio of 38.28, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting analysts’ consensus estimates of $1.55. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.46 EPS. As a group, analysts anticipate that Intercontinental Exchange, Inc. will post 6.13 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Monday, December 16th. Intercontinental Exchange’s dividend payout ratio is currently 44.55%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods restated an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Barclays lowered their price objective on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a report on Friday. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Friday. JPMorgan Chase & Co. upped their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, TD Cowen started coverage on shares of Intercontinental Exchange in a research report on Thursday, September 26th. They issued a “buy” rating and a $182.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $173.93.

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.