United Services Automobile Association Has $1.97 Million Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

United Services Automobile Association grew its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 13,187 shares of the financial services provider’s stock after buying an additional 398 shares during the period. United Services Automobile Association’s holdings in Intercontinental Exchange were worth $1,965,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ICE. Sierra Ocean LLC acquired a new position in Intercontinental Exchange in the 4th quarter valued at approximately $25,000. FSA Wealth Management LLC bought a new stake in shares of Intercontinental Exchange during the third quarter valued at approximately $31,000. Lee Danner & Bass Inc. acquired a new position in shares of Intercontinental Exchange in the fourth quarter valued at $34,000. BankPlus Trust Department bought a new position in Intercontinental Exchange in the fourth quarter worth $40,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in Intercontinental Exchange during the fourth quarter worth $45,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 0.7 %

NYSE:ICE opened at $174.42 on Monday. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $175.99. The stock has a 50-day moving average price of $164.29 and a two-hundred day moving average price of $160.07. The stock has a market cap of $100.22 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 2.10 and a beta of 1.08. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. As a group, equities analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.10%. Intercontinental Exchange’s dividend payout ratio is currently 40.17%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ICE shares. JPMorgan Chase & Co. reduced their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. UBS Group raised their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Barclays upped their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average price target of $178.80.

Insider Buying and Selling

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,661 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the transaction, the chief technology officer now 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, SVP Douglas Foley sold 10,580 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the completion of the sale, the senior vice president now owns 21,992 shares in the company, valued at $3,661,008.24. This trade represents a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,563 shares of company stock valued at $10,998,990. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange 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.