Atria Wealth Solutions Inc. Acquires 4,747 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Atria Wealth Solutions Inc. raised its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 28.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 21,603 shares of the financial services provider’s stock after purchasing an additional 4,747 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Intercontinental Exchange were worth $2,774,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP grew its position in Intercontinental Exchange by 219.8% during the third quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider’s stock worth $1,336,371,000 after buying an additional 8,348,126 shares in the last quarter. Invesco Ltd. increased its position in shares of Intercontinental Exchange by 21.1% in the third quarter. Invesco Ltd. now owns 6,073,725 shares of the financial services provider’s stock worth $668,231,000 after purchasing an additional 1,058,536 shares during the period. Vanguard Group Inc. raised its stake in Intercontinental Exchange by 2.2% in the third quarter. Vanguard Group Inc. now owns 46,919,116 shares of the financial services provider’s stock valued at $5,162,041,000 after purchasing an additional 1,012,034 shares in the last quarter. Barclays PLC lifted its position in Intercontinental Exchange by 58.8% during the third quarter. Barclays PLC now owns 2,374,570 shares of the financial services provider’s stock worth $261,251,000 after purchasing an additional 879,646 shares during the period. Finally, Third Point LLC grew its stake in Intercontinental Exchange by 29.2% during the third quarter. Third Point LLC now owns 2,389,934 shares of the financial services provider’s stock worth $262,941,000 after buying an additional 539,934 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Citigroup lifted their price objective on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Bank of America cut their target price on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Raymond James raised their target price on Intercontinental Exchange from $135.00 to $145.00 and gave the company a “strong-buy” rating in a report on Friday, January 5th. Finally, Barclays boosted their price target on Intercontinental Exchange from $153.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average price target of $148.08.

Insider Buying and Selling

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,388 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total value of $8,011,417.48. Following the completion of the transaction, the chief executive officer now directly owns 1,179,895 shares in the company, valued at approximately $161,893,392.95. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,388 shares of Intercontinental Exchange stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the transaction, the chief executive officer now directly owns 1,179,895 shares of the company’s stock, valued at approximately $161,893,392.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Intercontinental Exchange, Inc purchased 2,762,009 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was bought at an average cost of $0.87 per share, with a total value of $2,402,947.83. Following the purchase, the insider now owns 7,476,345 shares of the company’s stock, valued at approximately $6,504,420.15. The disclosure for this purchase can be found here. Insiders have sold a total of 157,491 shares of company stock worth $21,454,204 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Down 0.1 %

Shares of ICE opened at $131.70 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 1.00. Intercontinental Exchange, Inc. has a 52 week low of $103.81 and a 52 week high of $140.43. The stock has a market capitalization of $75.41 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 2.15 and a beta of 1.02. The stock has a fifty day moving average of $135.86 and a 200-day moving average of $125.38.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.29 by $0.04. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the company earned $1.25 earnings per share. The business’s quarterly revenue was up 24.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 5.97 earnings per share for the current fiscal year.

Intercontinental Exchange Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, March 14th. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a yield of 1.37%. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 42.86%.

About Intercontinental Exchange

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.