Siemens Fonds Invest GmbH Sells 16,625 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Siemens Fonds Invest GmbH lowered its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 86.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,666 shares of the financial services provider's stock after selling 16,625 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Intercontinental Exchange were worth $397,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Intercontinental Exchange during the fourth quarter worth about $1,196,258,000. Royal Bank of Canada lifted its position in shares of Intercontinental Exchange by 132.9% in the fourth quarter. Royal Bank of Canada now owns 9,121,352 shares of the financial services provider's stock valued at $1,359,173,000 after buying an additional 5,204,309 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of Intercontinental Exchange by 423.8% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,546,437 shares of the financial services provider's stock worth $677,465,000 after acquiring an additional 3,678,384 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $406,728,000. Finally, Swedbank AB raised its stake in Intercontinental Exchange by 2,293.3% in the 4th quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider's stock valued at $330,171,000 after acquiring an additional 2,123,185 shares during the period. Institutional investors and hedge funds own 89.30% of the company's stock.

Analyst Ratings Changes

ICE has been the subject of a number of research analyst reports. Barclays lifted their price objective on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley lifted 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. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Bank of America cut their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods upped their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $185.93.

Intercontinental Exchange Price Performance

Shares of Intercontinental Exchange stock traded down $1.64 on Wednesday, reaching $174.65. 4,479,607 shares of the stock were exchanged, compared to its average volume of 2,989,279. 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 cap of $100.18 billion, a PE ratio of 36.54, a P/E/G ratio of 2.10 and a beta of 1.12. The firm's 50 day moving average is $167.60 and its 200-day moving average is $161.52. Intercontinental Exchange, Inc. has a one year low of $131.79 and a one year high of $180.15.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Intercontinental Exchange's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 EPS. As a group, analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.10%. Intercontinental Exchange's dividend payout ratio is currently 39.75%.

Insiders Place Their Bets

In related news, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the transaction, the director now directly owns 21,364 shares of the company's stock, valued at $3,396,876. This trade represents a 10.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Benjamin Jackson sold 17,104 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $166.62, for a total value of $2,849,868.48. Following the completion of the sale, the president now owns 155,174 shares in the company, valued at $25,855,091.88. The trade was a 9.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,634 shares of company stock valued at $4,622,335. 1.00% of the stock is currently owned by insiders.

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.