Kestra Private Wealth Services LLC Has $13.02 Million Stock Holdings in Intercontinental Exchange Inc. (NYSE:ICE)

Kestra Private Wealth Services LLC grew its stake in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,453 shares of the financial services provider's stock after acquiring an additional 1,483 shares during the period. Kestra Private Wealth Services LLC's holdings in Intercontinental Exchange were worth $13,016,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ICE. Brighton Jones LLC lifted its position in shares of Intercontinental Exchange by 51.3% in the fourth quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider's stock worth $514,000 after purchasing an additional 1,169 shares in the last quarter. Proficio Capital Partners LLC grew its stake in Intercontinental Exchange by 37.1% during the fourth quarter. Proficio Capital Partners LLC now owns 2,238 shares of the financial services provider's stock worth $333,000 after buying an additional 606 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Intercontinental Exchange by 6.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 39,921 shares of the financial services provider's stock worth $5,949,000 after acquiring an additional 2,469 shares during the last quarter. Axxcess Wealth Management LLC lifted its holdings in shares of Intercontinental Exchange by 5.5% in the fourth quarter. Axxcess Wealth Management LLC now owns 2,523 shares of the financial services provider's stock worth $376,000 after acquiring an additional 132 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in Intercontinental Exchange by 1.6% in the 4th quarter. Royal London Asset Management Ltd. now owns 310,802 shares of the financial services provider's stock valued at $46,313,000 after buying an additional 5,008 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ICE shares. Barclays lifted their target price on Intercontinental Exchange from $198.00 to $206.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Morgan Stanley increased their price objective on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Piper Sandler raised their price target on Intercontinental Exchange from $180.00 to $202.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. UBS Group increased their price objective on Intercontinental Exchange from $195.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods increased their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Intercontinental Exchange has an average rating of "Moderate Buy" and an average target price of $194.42.

Insider Buying and Selling

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $177.48, for a total value of $283,968.00. Following the transaction, the senior vice president owned 27,313 shares of the company's stock, valued at approximately $4,847,511.24. This represents a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 3,848 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $179.12, for a total transaction of $689,253.76. Following the transaction, the general counsel owned 48,480 shares in the company, valued at approximately $8,683,737.60. The trade was a 7.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 226,119 shares of company stock valued at $40,524,217 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Intercontinental Exchange Price Performance

Shares of ICE traded down $1.28 on Friday, reaching $180.66. The stock had a trading volume of 2,482,973 shares, compared to its average volume of 2,945,428. The firm has a market capitalization of $103.63 billion, a PE ratio of 37.40, a PEG ratio of 1.98 and a beta of 1.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average of $178.95 and a 200 day moving average of $168.80. Intercontinental Exchange Inc. has a twelve month low of $142.29 and a twelve month high of $183.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 13.27% and a net margin of 22.84%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period last year, the company posted $1.48 EPS. The business's quarterly revenue was up 8.0% on a year-over-year basis. Sell-side analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.06%. Intercontinental Exchange's dividend payout ratio (DPR) is 39.75%.

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.