Pettyjohn Wood & White Inc. Has $2.60 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Pettyjohn Wood & White Inc. grew its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,463 shares of the financial services provider’s stock after acquiring an additional 75 shares during the period. Pettyjohn Wood & White Inc.’s holdings in Intercontinental Exchange were worth $2,602,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB raised its holdings in Intercontinental Exchange by 14.5% in the 3rd quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock valued at $20,441,000 after acquiring an additional 16,130 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Intercontinental Exchange by 21,404.8% in the 3rd quarter. International Assets Investment Management LLC now owns 39,999 shares of the financial services provider’s stock valued at $6,425,000 after buying an additional 39,813 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Intercontinental Exchange by 49.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 34,785 shares of the financial services provider’s stock valued at $5,588,000 after purchasing an additional 11,498 shares during the period. Integrated Advisors Network LLC increased its position in shares of Intercontinental Exchange by 4.0% during the third quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider’s stock worth $275,000 after buying an additional 66 shares during the period. Finally, Pinnacle Associates Ltd. raised its position in shares of Intercontinental Exchange by 9.2% in the 3rd quarter. Pinnacle Associates Ltd. now owns 10,120 shares of the financial services provider’s stock worth $1,626,000 after acquiring an additional 854 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $170.91 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $98.20 billion, a price-to-earnings ratio of 35.75, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11. The business has a 50-day simple moving average of $156.95 and a two-hundred day simple moving average of $158.63. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $173.52.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. On average, analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is 40.17%.

Insiders Place Their Bets

In related news, President Benjamin Jackson sold 17,104 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $166.62, for a total value of $2,849,868.48. Following the completion of the transaction, the president now owns 155,174 shares of the company’s stock, valued at approximately $25,855,091.88. This represents a 9.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Christopher Scott Edmonds sold 6,834 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total value of $1,141,209.66. Following the sale, the insider now owns 17,972 shares of the company’s stock, valued at $3,001,144.28. This represents a 27.55 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,368 shares of company stock worth $9,908,492. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ICE. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. UBS Group increased their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Barclays increased their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $178.80.

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.