Atria Investments Inc Sells 5,545 Shares of Intercontinental Exchange Inc. $ICE

Atria Investments Inc cut its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 12.9% in the 3rd quarter, HoldingsChannel reports. The fund 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 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ICE. Princeton Global Asset Management LLC purchased a new stake in shares of Intercontinental Exchange during the second quarter valued at approximately $28,000. Westside Investment Management Inc. bought a new stake in Intercontinental Exchange during the 2nd quarter valued at $29,000. Knuff & Co LLC boosted its position in Intercontinental Exchange by 73.3% during the 2nd quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock valued at $32,000 after buying an additional 74 shares during the period. Private Wealth Management Group LLC grew its holdings in Intercontinental Exchange by 59.5% in the 3rd quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 66 shares during the last quarter. Finally, Gables Capital Management Inc. grew its holdings in Intercontinental Exchange by 100.0% in the 2nd quarter. Gables Capital Management Inc. now owns 250 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 125 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ICE has been the subject of several recent analyst reports. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Morgan Stanley set a $183.00 price target on Intercontinental Exchange and gave the company an “equal weight” rating in a research report on Tuesday. UBS Group reiterated a “buy” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Monday. Royal Bank Of Canada restated an “outperform” rating and set a $180.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Finally, TD Cowen reissued a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $195.40.

Insider Buying and Selling

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 4,722 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $169.19, for a total value of $798,915.18. Following the completion of the transaction, the director directly owned 9,747 shares of the company’s stock, valued at approximately $1,649,094.93. The trade was a 32.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mayur Kapani sold 5,345 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $156.67, for a total transaction of $837,401.15. Following the completion of the transaction, the chief technology officer owned 65,240 shares in the company, valued at approximately $10,221,150.80. This represents a 7.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 181,570 shares of company stock worth $28,077,452 over the last quarter. 1.00% of the stock is owned by insiders.

Intercontinental Exchange Price Performance

ICE stock opened at $152.31 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a 50 day moving average price of $165.24 and a 200-day moving average price of $165.65. Intercontinental Exchange Inc. has a 52-week low of $143.17 and a 52-week high of $189.35. The firm has a market capitalization of $86.50 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 1.56 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.51 billion. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $1.52 EPS. Equities research analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

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