Atlantic Union Bankshares Corp Has $551,000 Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Atlantic Union Bankshares Corp trimmed its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,007 shares of the financial services provider’s stock after selling 116 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Intercontinental Exchange were worth $551,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Scarborough Advisors LLC acquired a new position in shares of Intercontinental Exchange during the fourth quarter worth about $25,000. Fortitude Family Office LLC bought a new stake in Intercontinental Exchange in the 4th quarter valued at approximately $28,000. Stuart Chaussee & Associates Inc. acquired a new position in Intercontinental Exchange during the 4th quarter worth approximately $28,000. Altshuler Shaham Ltd bought a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $29,000. Finally, Sachetta LLC acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at approximately $29,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on ICE. Argus restated a “buy” rating and set a $153.00 target price on shares of Intercontinental Exchange in a report on Tuesday, May 21st. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Friday, May 31st. Morgan Stanley lifted their target price on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Barclays dropped their target price on Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $164.00 price target on shares of Intercontinental Exchange in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $148.29.

Insider Buying and Selling at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total transaction of $259,380.68. Following the completion of the sale, the general counsel now directly owns 46,815 shares of the company’s stock, valued at approximately $6,397,737.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total value of $259,380.68. Following the transaction, the general counsel now directly owns 46,815 shares in the company, valued at $6,397,737.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey C. Sprecher sold 58,388 shares of Intercontinental Exchange stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the completion of the sale, the chief executive officer now owns 1,179,895 shares of the company’s stock, valued at approximately $161,893,392.95. The disclosure for this sale can be found here. Insiders have sold a total of 62,894 shares of company stock valued at $8,620,792 in the last three months. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Stock Performance

ICE traded down $0.58 during trading hours on Friday, reaching $136.89. The company’s stock had a trading volume of 4,040,390 shares, compared to its average volume of 2,348,661. The company’s 50-day moving average is $134.52 and its 200-day moving average is $132.72. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $140.43. The firm has a market cap of $78.52 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share for the quarter, meeting the consensus estimate of $1.48. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The company’s revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.41 earnings per share. On average, equities analysts forecast that Intercontinental Exchange, Inc. will post 5.96 EPS for the current year.

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.