Greenwich Wealth Management LLC Has $3.01 Million Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Greenwich Wealth Management LLC raised its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,719 shares of the financial services provider’s stock after acquiring an additional 132 shares during the period. Greenwich Wealth Management LLC’s holdings in Intercontinental Exchange were worth $3,007,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ICE. Norden Group LLC bought a new stake in Intercontinental Exchange in the first quarter valued at $487,000. Mission Wealth Management LP bought a new stake in Intercontinental Exchange in the first quarter valued at $866,000. Mirae Asset Global Investments Co. Ltd. grew its position in Intercontinental Exchange by 4.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,401 shares of the financial services provider’s stock valued at $13,523,000 after acquiring an additional 4,317 shares during the period. Janney Montgomery Scott LLC grew its position in Intercontinental Exchange by 3.5% in the first quarter. Janney Montgomery Scott LLC now owns 66,809 shares of the financial services provider’s stock valued at $9,182,000 after acquiring an additional 2,255 shares during the period. Finally, Resonant Capital Advisors LLC grew its position in Intercontinental Exchange by 4.1% in the first quarter. Resonant Capital Advisors LLC now owns 2,587 shares of the financial services provider’s stock valued at $356,000 after acquiring an additional 102 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Insider Activity at Intercontinental Exchange

In other news, CFO Warren Gardiner sold 750 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $161.43, for a total transaction of $121,072.50. Following the completion of the sale, the chief financial officer now directly owns 16,576 shares in the company, valued at approximately $2,675,863.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CAO James W. Namkung sold 1,171 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $160.00, for a total transaction of $187,360.00. Following the completion of the sale, the chief accounting officer now directly owns 16,665 shares in the company, valued at $2,666,400. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Warren Gardiner sold 750 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $161.43, for a total value of $121,072.50. Following the sale, the chief financial officer now owns 16,576 shares of the company’s stock, valued at approximately $2,675,863.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,489 shares of company stock worth $1,202,259 in the last ninety days. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Stock Performance

Shares of ICE stock traded down $1.23 during trading on Friday, reaching $154.64. 4,510,332 shares of the company’s stock were exchanged, compared to its average volume of 2,546,484. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $88.79 billion, a PE ratio of 38.28, a PEG ratio of 2.51 and a beta of 1.08. Intercontinental Exchange, Inc. has a twelve month low of $104.91 and a twelve month high of $167.99. The firm’s fifty day moving average price is $161.98 and its 200-day moving average price is $148.20.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.55. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 EPS. As a group, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.13 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.45 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.80 annualized dividend and a yield of 1.16%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 44.55%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. The Goldman Sachs Group increased their target price on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Barclays decreased their target price on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a report on Friday. Bank of America increased their target price on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. increased their target price on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, TD Cowen assumed coverage on Intercontinental Exchange in a report on Thursday, September 26th. They set a “buy” rating and a $182.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average price target of $173.93.

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.