Intercontinental Exchange Inc. (NYSE:ICE) Shares Sold by Flossbach Von Storch SE

Flossbach Von Storch SE lessened its position in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,646,647 shares of the financial services provider's stock after selling 428,083 shares during the period. Intercontinental Exchange comprises 3.5% of Flossbach Von Storch SE's portfolio, making the stock its 12th largest holding. Flossbach Von Storch SE owned about 0.81% of Intercontinental Exchange worth $801,547,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale raised its position in Intercontinental Exchange by 0.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 442,601 shares of the financial services provider's stock worth $76,384,000 after acquiring an additional 1,753 shares during the period. Personal CFO Solutions LLC purchased a new position in Intercontinental Exchange during the first quarter valued at $230,000. AlphaStar Capital Management LLC grew its stake in Intercontinental Exchange by 9.0% during the first quarter. AlphaStar Capital Management LLC now owns 15,141 shares of the financial services provider's stock valued at $2,612,000 after acquiring an additional 1,248 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Intercontinental Exchange by 40.9% in the 1st quarter. Valeo Financial Advisors LLC now owns 9,614 shares of the financial services provider's stock worth $1,658,000 after buying an additional 2,793 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in shares of Intercontinental Exchange by 0.6% in the 1st quarter. Stratos Wealth Partners LTD. now owns 36,557 shares of the financial services provider's stock worth $6,306,000 after buying an additional 219 shares in the last quarter. Institutional investors own 89.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Barclays raised their target price on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Morgan Stanley raised their target price on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Bank of America decreased their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, UBS Group lifted their price objective on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday. 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 company presently has an average rating of "Moderate Buy" and an average price target of $191.92.

Insider Buying and Selling

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $177.48, for a total value of $283,968.00. Following the transaction, the senior vice president directly owned 27,313 shares in the company, valued at $4,847,511.24. This represents a 5.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $179.22, for a total transaction of $26,883,000.00. Following the transaction, the chief executive officer owned 2,101,705 shares in the company, valued at approximately $376,667,570.10. This trade represents a 6.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 228,749 shares of company stock valued at $40,942,387 over the last three months. 1.00% of the stock is currently owned by insiders.

Intercontinental Exchange Trading Down 0.3%

Shares of ICE traded down $0.57 during mid-day trading on Thursday, reaching $181.60. The stock had a trading volume of 580,287 shares, compared to its average volume of 2,974,859. The business's fifty day moving average is $178.11 and its 200 day moving average is $167.17. Intercontinental Exchange Inc. has a 52-week low of $142.29 and a 52-week high of $183.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $104.17 billion, a price-to-earnings ratio of 37.62, a P/E/G ratio of 1.95 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results 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 company had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.44 billion. Intercontinental Exchange had a net margin of 22.84% and a return on equity of 13.27%. Intercontinental Exchange's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.48 earnings per share. On average, sell-side analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.06%. Intercontinental Exchange's dividend payout ratio (DPR) is 39.75%.

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.