Interchange Capital Partners LLC Sells 203 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Interchange Capital Partners LLC cut its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,727 shares of the financial services provider’s stock after selling 203 shares during the quarter. Interchange Capital Partners LLC’s holdings in Intercontinental Exchange were worth $555,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. United Services Automobile Association lifted its position in Intercontinental Exchange by 3.1% in the 4th quarter. United Services Automobile Association now owns 13,187 shares of the financial services provider’s stock valued at $1,965,000 after acquiring an additional 398 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new position in Intercontinental Exchange in the 4th quarter valued at approximately $45,000. Vanguard Group Inc. lifted its position in Intercontinental Exchange by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 52,228,177 shares of the financial services provider’s stock valued at $7,782,521,000 after acquiring an additional 538,670 shares in the last quarter. Meridian Wealth Advisors LLC lifted its position in Intercontinental Exchange by 1.0% in the 4th quarter. Meridian Wealth Advisors LLC now owns 38,243 shares of the financial services provider’s stock valued at $5,699,000 after acquiring an additional 388 shares in the last quarter. Finally, LPL Financial LLC lifted its position in Intercontinental Exchange by 13.9% in the 4th quarter. LPL Financial LLC now owns 454,708 shares of the financial services provider’s stock valued at $67,757,000 after acquiring an additional 55,453 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Trading Down 0.7 %

Shares of ICE stock opened at $174.42 on Monday. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $175.99. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $100.22 billion, a PE ratio of 36.49, a PEG ratio of 2.10 and a beta of 1.08. The stock has a fifty day simple moving average of $164.29 and a two-hundred day simple moving average of $160.07.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) 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, analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.10%. Intercontinental Exchange’s payout ratio is presently 40.17%.

Insiders Place Their Bets

In related news, insider Christopher Scott Edmonds sold 6,834 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total value of $1,141,209.66. Following the completion of the transaction, the insider now owns 17,972 shares of the company’s stock, valued at approximately $3,001,144.28. This trade represents a 27.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $165.71, for a total transaction of $965,757.88. Following the completion of the transaction, the president now directly owns 164,041 shares of the company’s stock, valued at approximately $27,183,234.11. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,563 shares of company stock worth $10,998,990. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ICE shares. Barclays boosted their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. decreased 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. Keefe, Bruyette & Woods boosted their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. UBS Group boosted their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

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.