Atria Wealth Solutions Inc. Has $1.91 Million Stock Holdings in Intercontinental Exchange Inc. $ICE

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Intercontinental Exchange Inc. by 37.1%, owning 10,440 shares valued at $1.91 million after selling 6,153 shares in the second quarter.
• The intercontinental exchange stock has a market cap of $90.06 billion and has fluctuated between a 52-week low of $142.29 and a high of $189.35.
• Intercontinental Exchange reported earnings of $1.81 per share during its most recent quarter, exceeding expectations and reflecting a 9.8% year-over-year revenue growth.

Atria Wealth Solutions Inc. decreased its position in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 37.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,440 shares of the financial services provider's stock after selling 6,153 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Intercontinental Exchange were worth $1,914,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ICE. Vanguard Group Inc. grew its position in shares of Intercontinental Exchange by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 52,940,356 shares of the financial services provider's stock worth $9,132,211,000 after buying an additional 712,179 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Intercontinental Exchange by 491.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,433,497 shares of the financial services provider's stock worth $1,109,780,000 after buying an additional 5,345,388 shares during the period. Amundi grew its position in shares of Intercontinental Exchange by 14.7% during the 1st quarter. Amundi now owns 6,315,706 shares of the financial services provider's stock worth $1,060,574,000 after buying an additional 810,938 shares during the period. Independent Franchise Partners LLP grew its position in shares of Intercontinental Exchange by 0.5% during the 1st quarter. Independent Franchise Partners LLP now owns 6,192,424 shares of the financial services provider's stock worth $1,068,193,000 after buying an additional 31,588 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Intercontinental Exchange by 113.9% during the 1st quarter. Wellington Management Group LLP now owns 5,943,363 shares of the financial services provider's stock worth $1,025,230,000 after buying an additional 3,165,381 shares during the period. Institutional investors and hedge funds own 89.30% of the company's stock.

Intercontinental Exchange Stock Down 0.6%

Shares of NYSE ICE opened at $157.33 on Thursday. The stock has a market cap of $90.06 billion, a P/E ratio of 30.20, a P/E/G ratio of 2.20 and a beta of 1.08. The firm has a 50 day moving average price of $172.21 and a 200 day moving average price of $173.77. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange Inc. has a 52-week low of $142.29 and a 52-week high of $189.35.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.04. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The company had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the prior year, the company earned $1.52 earnings per share. The business's quarterly revenue was up 9.8% compared to the same quarter last year. Analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Insider Activity at Intercontinental Exchange

In other news, COO Stuart Glen Williams sold 939 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $172.04, for a total transaction of $161,545.56. Following the completion of the sale, the chief operating officer owned 16,624 shares of the company's stock, valued at $2,859,992.96. This represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Douglas Foley sold 1,600 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $175.62, for a total transaction of $280,992.00. Following the sale, the senior vice president directly owned 25,796 shares of the company's stock, valued at $4,530,293.52. This represents a 5.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 240,956 shares of company stock valued at $43,789,542 over the last three months. Insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ICE shares. Morgan Stanley lowered their price target on shares of Intercontinental Exchange from $192.00 to $188.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 1st. Piper Sandler lifted their price target on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Weiss Ratings reiterated a "buy (b)" rating on shares of Intercontinental Exchange in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Intercontinental Exchange from $195.00 to $203.00 and gave the stock an "overweight" rating in a research report on Thursday, September 25th. Finally, Raymond James Financial upgraded shares of Intercontinental Exchange from an "outperform" rating to a "strong-buy" rating and set a $210.00 price objective for the company in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Intercontinental Exchange presently has an average rating of "Moderate Buy" and a consensus price target of $199.60.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.