Walter & Keenan Wealth Management LLC IN ADV Sells 95 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Walter & Keenan Wealth Management LLC IN ADV reduced its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,840 shares of the financial services provider’s stock after selling 95 shares during the quarter. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Intercontinental Exchange were worth $423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Savant Capital LLC boosted its stake in Intercontinental Exchange by 4.4% in the 4th quarter. Savant Capital LLC now owns 9,067 shares of the financial services provider’s stock worth $1,351,000 after purchasing an additional 383 shares during the period. Stiles Financial Services Inc lifted its holdings in shares of Intercontinental Exchange by 13.6% in the 4th quarter. Stiles Financial Services Inc now owns 3,876 shares of the financial services provider’s stock worth $578,000 after acquiring an additional 465 shares during the last quarter. Newbridge Financial Services Group Inc. raised its holdings in shares of Intercontinental Exchange by 90.9% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 378 shares of the financial services provider’s stock worth $56,000 after buying an additional 180 shares during the period. Kestra Private Wealth Services LLC boosted its position in Intercontinental Exchange by 6.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 73,970 shares of the financial services provider’s stock valued at $11,022,000 after buying an additional 4,787 shares during the period. Finally, Benedict Financial Advisors Inc. grew its holdings in Intercontinental Exchange by 1.4% during the 4th quarter. Benedict Financial Advisors Inc. now owns 17,476 shares of the financial services provider’s stock worth $2,604,000 after acquiring an additional 236 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CTO Mayur Kapani sold 5,661 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total transaction of $835,506.99. Following the sale, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at $9,821,819.32. This represents a 7.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total transaction of $88,785.73. Following the completion of the sale, the insider now directly owns 12,922 shares in the company, valued at $1,908,967.06. This represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,795 shares of company stock valued at $2,120,572 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ICE. Keefe, Bruyette & Woods boosted their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. lowered their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Barclays upped their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Raymond James downgraded Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price on the stock. in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $166.95 on Monday. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $169.75. The company’s 50 day moving average is $153.35 and its 200 day moving average is $156.99. The company has a market cap of $95.86 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. On average, sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.63 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.15%. Intercontinental Exchange’s payout ratio is 37.66%.

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.