Atria Wealth Solutions Inc. Has $1.85 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Atria Wealth Solutions Inc. boosted its holdings in Intercontinental Exchange, Inc. (NYSE:ICEFree Report) by 16.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,856 shares of the financial services provider’s stock after acquiring an additional 2,402 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Intercontinental Exchange were worth $1,854,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ICE. RB Capital Management LLC increased its stake in Intercontinental Exchange by 3.2% in the first quarter. RB Capital Management LLC now owns 4,044 shares of the financial services provider’s stock valued at $534,000 after acquiring an additional 126 shares during the period. United Bank increased its stake in Intercontinental Exchange by 2.7% in the first quarter. United Bank now owns 15,988 shares of the financial services provider’s stock valued at $2,112,000 after acquiring an additional 422 shares during the period. U.S. Capital Wealth Advisors LLC increased its stake in Intercontinental Exchange by 13.5% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,855 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 220 shares during the period. Sei Investments Co. boosted its position in Intercontinental Exchange by 31.5% in the first quarter. Sei Investments Co. now owns 204,883 shares of the financial services provider’s stock valued at $27,077,000 after buying an additional 49,081 shares in the last quarter. Finally, Prudential PLC acquired a new position in Intercontinental Exchange in the first quarter valued at about $1,679,000. Institutional investors own 87.91% of the company’s stock.

Insider Activity at Intercontinental Exchange

In related news, CAO James W. Namkung sold 1,171 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $120.00, for a total value of $140,520.00. Following the transaction, the chief accounting officer now directly owns 18,677 shares in the company, valued at $2,241,240. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Intercontinental Exchange news, CAO James W. Namkung sold 1,182 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $132.03, for a total value of $156,059.46. Following the completion of the sale, the chief accounting officer now owns 16,396 shares of the company’s stock, valued at $2,164,763.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO James W. Namkung sold 1,171 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $120.00, for a total transaction of $140,520.00. Following the completion of the sale, the chief accounting officer now directly owns 18,677 shares of the company’s stock, valued at approximately $2,241,240. The disclosure for this sale can be found here. Insiders have sold 82,384 shares of company stock worth $10,222,586 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of ICE stock opened at $135.49 on Friday. Intercontinental Exchange, Inc. has a 1 year low of $94.16 and a 1 year high of $135.98. The firm’s 50 day moving average is $125.12 and its 200-day moving average is $116.83. The firm has a market capitalization of $75.74 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 2.75 and a beta of 1.01. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.80.

Intercontinental Exchange (NYSE:ICEGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.04. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the business posted $1.25 earnings per share. Intercontinental Exchange’s revenue was up 24.5% compared to the same quarter last year. Sell-side analysts forecast that Intercontinental Exchange, Inc. will post 5.84 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a $0.45 dividend. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, March 14th. Intercontinental Exchange’s dividend payout ratio is currently 40.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ICE shares. Citigroup boosted their price target on shares of Intercontinental Exchange from $130.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, January 12th. Morgan Stanley boosted their price target on shares of Intercontinental Exchange from $119.00 to $124.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 28th. JPMorgan Chase & Co. boosted their price target on shares of Intercontinental Exchange from $142.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Finally, Barclays upgraded shares of Intercontinental Exchange from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $120.00 to $148.00 in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $139.15.

Check Out Our Latest Analysis on ICE

About Intercontinental Exchange

(Free Report)

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.

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

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