Commerzbank Aktiengesellschaft FI Has $1.69 Million Stake in Intercontinental Exchange Inc. (NYSE:ICE)

Commerzbank Aktiengesellschaft FI cut its position in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 12.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,805 shares of the financial services provider's stock after selling 1,440 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Intercontinental Exchange were worth $1,691,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ICE. Vanguard Group Inc. lifted its holdings 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 worth $7,782,521,000 after purchasing an additional 538,670 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Intercontinental Exchange by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 11,883,252 shares of the financial services provider's stock valued at $1,765,317,000 after purchasing an additional 327,637 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Intercontinental Exchange by 132.9% in the 4th quarter. Royal Bank of Canada now owns 9,121,352 shares of the financial services provider's stock worth $1,359,173,000 after acquiring an additional 5,204,309 shares during the last quarter. Norges Bank purchased a new position in Intercontinental Exchange in the 4th quarter worth about $1,196,258,000. Finally, Northern Trust Corp increased its position in Intercontinental Exchange by 9.7% during the 4th quarter. Northern Trust Corp now owns 7,422,007 shares of the financial services provider's stock valued at $1,105,953,000 after purchasing an additional 655,247 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Stock Up 0.4%

Intercontinental Exchange stock traded up $0.66 during mid-day trading on Monday, hitting $181.38. The company's stock had a trading volume of 161,011 shares, compared to its average volume of 2,934,446. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange Inc. has a 52-week low of $142.29 and a 52-week high of $183.99. The firm's 50 day moving average is $178.95 and its 200 day moving average is $168.94. The company has a market cap of $104.04 billion, a PE ratio of 37.52, a price-to-earnings-growth ratio of 1.98 and a beta of 1.11.

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

Intercontinental Exchange Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. UBS Group boosted their target price on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Barclays upped their target price on shares of Intercontinental Exchange from $198.00 to $206.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods upped their target price on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Piper Sandler raised their target price on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, Bank of America dropped their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $194.42.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, Director Sharon Bowen sold 795 shares of Intercontinental Exchange stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $183.30, for a total value of $145,723.50. Following the completion of the transaction, the director owned 15,000 shares in the company, valued at approximately $2,749,500. The trade was a 5.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 3,848 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $179.12, for a total value of $689,253.76. Following the completion of the sale, the general counsel owned 48,480 shares of the company's stock, valued at $8,683,737.60. This represents a 7.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 226,119 shares of company stock worth $40,524,217 over the last three months. 1.00% of the stock is currently owned by insiders.

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.