Flossbach Von Storch SE Increases Stock Holdings in Intercontinental Exchange Inc. $ICE

Flossbach Von Storch SE grew its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,852,469 shares of the financial services provider's stock after purchasing an additional 284,536 shares during the quarter. Intercontinental Exchange makes up about 3.1% of Flossbach Von Storch SE's holdings, making the stock its 13th biggest position. Flossbach Von Storch SE owned 0.85% of Intercontinental Exchange worth $785,906,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Ares Financial Consulting LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at $25,000. Holos Integrated Wealth LLC acquired a new stake in Intercontinental Exchange during the 4th quarter worth $28,000. Steph & Co. lifted its position in Intercontinental Exchange by 104.7% in the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 89 shares during the last quarter. Dorato Capital Management purchased a new stake in Intercontinental Exchange in the fourth quarter valued at $29,000. Finally, Private Wealth Management Group LLC boosted its stake in Intercontinental Exchange by 59.5% in the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Trading Down 1.0%

NYSE ICE opened at $156.94 on Tuesday. The firm's fifty day moving average is $160.05 and its two-hundred day moving average is $160.03. Intercontinental Exchange Inc. has a one year low of $143.17 and a one year high of $189.35. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $88.89 billion, a PE ratio of 27.20, a P/E/G ratio of 1.65 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.04. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.51 billion. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The business's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 earnings per share. Analysts expect that Intercontinental Exchange Inc. will post 8.06 earnings per share for the current 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 paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, December 16th. Intercontinental Exchange's dividend payout ratio is 36.05%.

Insider Activity

In related news, insider Christopher Scott Edmonds sold 11,303 shares of Intercontinental Exchange stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $153.82, for a total value of $1,738,627.46. Following the transaction, the insider directly owned 14,266 shares in the company, valued at $2,194,396.12. This trade represents a 44.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lynn C. Martin sold 13,456 shares of the company's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $153.86, for a total transaction of $2,070,340.16. Following the transaction, the insider owned 54,319 shares of the company's stock, valued at approximately $8,357,521.34. The trade was a 19.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 348,418 shares of company stock valued at $54,196,631. 0.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ICE has been the topic of several research reports. Raymond James Financial reaffirmed a "strong-buy" rating and set a $211.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft raised Intercontinental Exchange from a "hold" rating to a "buy" rating and set a $188.00 target price for the company in a research report on Friday, March 6th. Piper Sandler restated an "overweight" rating and set a $211.00 price target (up from $195.00) on shares of Intercontinental Exchange in a research note on Wednesday, April 15th. Wall Street Zen raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $180.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Intercontinental Exchange currently has an average rating of "Buy" and an average price target of $193.80.

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.

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