Atria Investments Inc Has $6.29 Million Holdings in Intercontinental Exchange Inc. $ICE

Atria Investments Inc decreased its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 12.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,358 shares of the financial services provider’s stock after selling 5,545 shares during the quarter. Atria Investments Inc’s holdings in Intercontinental Exchange were worth $6,294,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC increased its stake in Intercontinental Exchange by 51.3% in the fourth quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 1,169 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Intercontinental Exchange by 9.0% in the 1st quarter. Empowered Funds LLC now owns 14,396 shares of the financial services provider’s stock valued at $2,483,000 after buying an additional 1,189 shares during the period. Sivia Capital Partners LLC raised its stake in Intercontinental Exchange by 16.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,078 shares of the financial services provider’s stock worth $381,000 after buying an additional 289 shares during the period. CWM LLC boosted its holdings in Intercontinental Exchange by 13.8% in the second quarter. CWM LLC now owns 18,159 shares of the financial services provider’s stock worth $3,332,000 after acquiring an additional 2,197 shares in the last quarter. Finally, Ritholtz Wealth Management grew its stake in Intercontinental Exchange by 24.3% in the second quarter. Ritholtz Wealth Management now owns 9,883 shares of the financial services provider’s stock valued at $1,813,000 after acquiring an additional 1,930 shares during the period. Institutional investors own 89.30% of the company’s stock.

Insider Activity

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $163.20, for a total transaction of $261,120.00. Following the transaction, the senior vice president directly owned 24,196 shares of the company’s stock, valued at approximately $3,948,787.20. This trade represents a 6.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Judith A. Sprieser sold 4,722 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $169.19, for a total transaction of $798,915.18. Following the transaction, the director directly owned 9,747 shares in the company, valued at approximately $1,649,094.93. This represents a 32.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 181,570 shares of company stock valued at $28,077,452. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ICE has been the topic of a number of research reports. Morgan Stanley set a $183.00 target price on Intercontinental Exchange and gave the stock an “equal weight” rating in a research report on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of Intercontinental Exchange in a report on Monday, December 29th. Piper Sandler reiterated an “overweight” rating and set a $195.00 price objective (down from $202.00) on shares of Intercontinental Exchange in a report on Wednesday, January 14th. UBS Group reissued a “buy” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Monday. Finally, Wall Street Zen raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $195.40.

Intercontinental Exchange Stock Up 1.7%

Shares of NYSE ICE opened at $152.31 on Friday. Intercontinental Exchange Inc. has a 52 week low of $143.17 and a 52 week high of $189.35. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.64. The company has a market cap of $86.50 billion, a P/E ratio of 26.40, a P/E/G ratio of 1.56 and a beta of 1.02. The business has a 50-day simple moving average of $165.24 and a two-hundred day simple moving average of $165.65.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.08 annualized dividend and a yield of 1.4%. Intercontinental Exchange’s payout ratio is 33.28%.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.