Atria Wealth Solutions Inc. Reduces Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Atria Wealth Solutions Inc. lessened its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 43.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,597 shares of the financial services provider’s stock after selling 11,811 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Intercontinental Exchange were worth $2,324,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new position in shares of Intercontinental Exchange in the fourth quarter valued at $25,000. Financial Management Professionals Inc. increased its stake in Intercontinental Exchange by 106.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock worth $27,000 after buying an additional 87 shares during the period. Capital Performance Advisors LLP acquired a new position in Intercontinental Exchange in the 3rd quarter worth $29,000. FSA Wealth Management LLC purchased a new position in Intercontinental Exchange in the 3rd quarter valued at about $31,000. Finally, Planning Capital Management Corp grew its stake in shares of Intercontinental Exchange by 96.7% during the third quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 147 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on ICE shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Barclays raised their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. UBS Group upped their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $178.80.

Insider Buying and Selling at Intercontinental Exchange

In related news, President Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the sale, the president now directly owns 155,174 shares in the company, valued at $25,855,091.88. The trade was a 9.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Scott Edmonds sold 6,834 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the completion of the sale, the insider now directly owns 17,972 shares of the company’s stock, valued at $3,001,144.28. The trade was a 27.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,196 shares of company stock valued at $10,840,972 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $168.04 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average of $155.42 and a two-hundred day moving average of $158.13. The company has a market cap of $96.55 billion, a P/E ratio of 35.15, a PEG ratio of 2.11 and a beta of 1.11. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $169.78.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. As a group, analysts anticipate that Intercontinental Exchange, Inc. will post 6.71 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.14%. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

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.