Intercontinental Exchange, Inc. (NYSE:ICE) Position Lessened by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lowered its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 43.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,597 shares of the financial services provider's stock after selling 11,811 shares during the period. Atria Wealth Solutions Inc.'s holdings in Intercontinental Exchange were worth $2,324,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ICE. Wealth Enhancement Advisory Services LLC lifted its holdings in Intercontinental Exchange by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider's stock worth $5,647,000 after buying an additional 366 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in shares of Intercontinental Exchange by 6.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 73,970 shares of the financial services provider's stock worth $11,022,000 after purchasing an additional 4,787 shares during the period. M&T Bank Corp raised its position in shares of Intercontinental Exchange by 33.2% during the 3rd quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider's stock worth $7,500,000 after purchasing an additional 11,648 shares during the period. Avantra Family Wealth Inc. acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $702,000. Finally, Dixon Mitchell Investment Counsel Inc. raised its position in shares of Intercontinental Exchange by 9.2% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 728,133 shares of the financial services provider's stock worth $108,515,000 after purchasing an additional 61,110 shares during the period. Hedge funds and other institutional investors own 89.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ICE shares. UBS Group increased their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft increased their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $178.80.

Intercontinental Exchange Price Performance

Shares of ICE stock traded up $1.25 during mid-day trading on Friday, hitting $168.04. 2,853,143 shares of the stock traded hands, compared to its average volume of 2,404,252. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $169.78. The firm has a market cap of $96.55 billion, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11. The company's 50-day simple moving average is $155.42 and its 200-day simple moving average is $158.13. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) 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%. As a group, equities research analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is presently 37.66%.

Insider Transactions at Intercontinental Exchange

In other news, President Benjamin Jackson sold 17,104 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the completion of the sale, the president now directly owns 155,174 shares of the company's stock, valued at $25,855,091.88. This trade represents a 9.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christopher Scott Edmonds sold 601 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the sale, the insider now directly owns 12,922 shares of the company's stock, valued at approximately $1,908,967.06. This represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,196 shares of company stock valued at $10,840,972 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

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.