Atlas Legacy Advisors LLC Makes New $487,000 Investment in Intercontinental Exchange, Inc. (NYSE:ICE)

Atlas Legacy Advisors LLC purchased a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,269 shares of the financial services provider’s stock, valued at approximately $487,000.

Other institutional investors have also modified their holdings of the company. Bank of Jackson Hole Trust acquired a new position in Intercontinental Exchange in the fourth quarter valued at approximately $863,000. Davidson Investment Advisors lifted its holdings in shares of Intercontinental Exchange by 39.4% in the 4th quarter. Davidson Investment Advisors now owns 91,468 shares of the financial services provider’s stock worth $13,630,000 after purchasing an additional 25,859 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Intercontinental Exchange during the 4th quarter valued at approximately $1,346,000. Kestra Investment Management LLC bought a new position in Intercontinental Exchange during the 4th quarter worth $122,000. Finally, Venturi Wealth Management LLC grew its stake in Intercontinental Exchange by 786.5% during the 4th quarter. Venturi Wealth Management LLC now owns 3,280 shares of the financial services provider’s stock worth $489,000 after buying an additional 2,910 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 0.3 %

Shares of Intercontinental Exchange stock opened at $166.29 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $169.78. The stock has a 50-day moving average price of $154.79 and a 200 day moving average price of $157.87. The company has a market cap of $95.54 billion, a P/E ratio of 34.79, a P/E/G ratio of 2.11 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (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 expect that Intercontinental Exchange, Inc. will post 6.71 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is currently 37.66%.

Analyst Ratings Changes

ICE has been the topic of a number of recent research reports. 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 note on Friday, February 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. UBS Group boosted their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. lowered their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $178.80.

Insider Transactions at Intercontinental Exchange

In related news, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the sale, the president now owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Douglas Foley sold 10,580 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $166.47, for a total value of $1,761,252.60. Following the completion of the transaction, the senior vice president now owns 21,992 shares in the company, valued at $3,661,008.24. This represents a 32.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,358 shares of company stock valued at $5,535,650. 1.10% of the stock is owned by 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.