Exencial Wealth Advisors LLC Lowers Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Exencial Wealth Advisors LLC lowered its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 18.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 143,579 shares of the financial services provider’s stock after selling 32,059 shares during the quarter. Intercontinental Exchange makes up 0.8% of Exencial Wealth Advisors LLC’s holdings, making the stock its 26th largest position. Exencial Wealth Advisors LLC’s holdings in Intercontinental Exchange were worth $23,065,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. New Millennium Group LLC purchased a new position in shares of Intercontinental Exchange in the second quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new position in shares of Intercontinental Exchange in the second quarter valued at approximately $25,000. Fairscale Capital LLC purchased a new position in shares of Intercontinental Exchange in the second quarter valued at approximately $25,000. Wolff Wiese Magana LLC lifted its position in shares of Intercontinental Exchange by 1,470.0% in the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 147 shares in the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Intercontinental Exchange in the third quarter valued at approximately $26,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the topic of several research reports. Bank of America raised their target price on Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. increased their price target on Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group increased their price target on Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. TD Cowen started coverage on Intercontinental Exchange in a report on Thursday, September 26th. They issued a “buy” rating and a $182.00 price target for the company. Finally, Morgan Stanley increased their price target on Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Intercontinental Exchange has an average rating of “Moderate Buy” and an average target price of $173.93.

Insider Activity

In other news, COO Stuart Glen Williams sold 468 shares of Intercontinental Exchange stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $76,195.08. Following the completion of the sale, the chief operating officer now directly owns 13,530 shares of the company’s stock, valued at approximately $2,202,819.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, COO Stuart Glen Williams sold 468 shares of Intercontinental Exchange stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $76,195.08. Following the completion of the transaction, the chief operating officer now directly owns 13,530 shares in the company, valued at approximately $2,202,819.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the transaction, the general counsel now owns 44,865 shares of the company’s stock, valued at approximately $7,159,108.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,489 shares of company stock valued at $1,202,259. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Price Performance

ICE stock opened at $155.79 on Thursday. The business has a fifty day moving average of $161.71 and a two-hundred day moving average of $148.85. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock has a market cap of $89.45 billion, a price-to-earnings ratio of 36.92, a price-to-earnings-growth ratio of 2.57 and a beta of 1.08. Intercontinental Exchange, Inc. has a 52-week low of $107.76 and a 52-week high of $167.99.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the previous year, the firm posted $1.46 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. As a group, research analysts anticipate that Intercontinental Exchange, Inc. will post 6.09 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.16%. Intercontinental Exchange’s payout ratio is presently 42.65%.

Intercontinental Exchange Company 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.