Vista Cima Wealth Management LLC Makes New $597,000 Investment in Intercontinental Exchange Inc. $ICE

Vista Cima Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) during the 3rd quarter, HoldingsChannel reports. The firm purchased 3,545 shares of the financial services provider’s stock, valued at approximately $597,000.

Several other institutional investors have also recently modified their holdings of ICE. Dynasty Wealth Management LLC acquired a new stake in Intercontinental Exchange during the 3rd quarter valued at approximately $897,000. Rockland Trust Co. increased its stake in shares of Intercontinental Exchange by 19.7% in the third quarter. Rockland Trust Co. now owns 127,652 shares of the financial services provider’s stock worth $21,507,000 after acquiring an additional 20,981 shares during the period. Fifth Third Wealth Advisors LLC raised its holdings in shares of Intercontinental Exchange by 37.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 11,920 shares of the financial services provider’s stock worth $2,008,000 after purchasing an additional 3,261 shares during the last quarter. Eastern Bank raised its holdings in shares of Intercontinental Exchange by 14.6% during the third quarter. Eastern Bank now owns 203,731 shares of the financial services provider’s stock worth $34,325,000 after purchasing an additional 25,980 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC lifted its position in Intercontinental Exchange by 1.6% during the second quarter. Horizon Kinetics Asset Management LLC now owns 831,758 shares of the financial services provider’s stock valued at $152,603,000 after purchasing an additional 13,497 shares during the period. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Trading Up 0.3%

Shares of ICE stock opened at $159.12 on Friday. The firm has a market capitalization of $90.36 billion, a P/E ratio of 27.58, a PEG ratio of 1.71 and a beta of 1.03. Intercontinental Exchange Inc. has a fifty-two week low of $143.17 and a fifty-two week high of $189.35. The stock’s fifty day moving average is $164.52 and its two-hundred day moving average is $162.33. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.04. The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. Intercontinental Exchange’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.52 EPS. Research analysts expect that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 16th will be given a $0.52 dividend. The ex-dividend date is Wednesday, December 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.3%. Intercontinental Exchange’s dividend payout ratio is 33.28%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a research report on Friday, March 6th. TD Cowen reissued a “buy” rating on shares of Intercontinental Exchange in a report on Friday, February 6th. Morgan Stanley set a $183.00 target price on Intercontinental Exchange and gave the stock an “equal weight” rating in a report on Tuesday, February 10th. UBS Group reiterated a “buy” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Monday, February 9th. Finally, Barclays set a $193.00 price target on Intercontinental Exchange and gave the company an “overweight” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $194.73.

Insider Transactions at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 4,571 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $162.00, for a total transaction of $740,502.00. Following the transaction, the general counsel owned 48,181 shares in the company, valued at approximately $7,805,322. This trade represents a 8.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Warren Gardiner sold 2,490 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $154.00, for a total value of $383,460.00. Following the transaction, the chief financial officer directly owned 27,679 shares in the company, valued at $4,262,566. This trade represents a 8.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 348,418 shares of company stock valued at $54,196,631. 1.00% of the stock is currently owned by company insiders.

Intercontinental Exchange Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.