Universal Beteiligungs und Servicegesellschaft mbH Trims Stock Holdings in Intercontinental Exchange Inc. (NYSE:ICE)

Universal Beteiligungs und Servicegesellschaft mbH trimmed its position in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 569,805 shares of the financial services provider's stock after selling 21,081 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Intercontinental Exchange worth $98,291,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ICE. REAP Financial Group LLC raised its stake in shares of Intercontinental Exchange by 116.7% in the fourth quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock worth $25,000 after purchasing an additional 91 shares during the last quarter. Tsfg LLC raised its stake in shares of Intercontinental Exchange by 187.3% in the first quarter. Tsfg LLC now owns 158 shares of the financial services provider's stock worth $27,000 after purchasing an additional 103 shares during the last quarter. Menard Financial Group LLC purchased a new position in shares of Intercontinental Exchange in the fourth quarter worth about $29,000. Rakuten Securities Inc. raised its position in Intercontinental Exchange by 595.8% during the first quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 143 shares in the last quarter. Finally, Global Trust Asset Management LLC purchased a new position in Intercontinental Exchange during the first quarter valued at approximately $31,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on ICE. Bank of America reduced their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. UBS Group raised their price objective on Intercontinental Exchange from $195.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods raised their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Piper Sandler raised their price objective on Intercontinental Exchange from $180.00 to $202.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, Morgan Stanley raised their price objective on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $194.42.

Insider Transactions at Intercontinental Exchange

In related news, Director Sharon Bowen sold 795 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $183.30, for a total transaction of $145,723.50. Following the completion of the sale, the director directly owned 15,000 shares of the company's stock, valued at approximately $2,749,500. This trade represents a 5.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $179.22, for a total transaction of $26,883,000.00. Following the completion of the sale, 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 226,119 shares of company stock valued at $40,524,217 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Trading Up 1.5%

Intercontinental Exchange stock traded up $2.70 during trading on Thursday, reaching $183.70. 2,169,209 shares of the company were exchanged, compared to its average volume of 2,972,573. Intercontinental Exchange Inc. has a 52-week low of $142.29 and a 52-week high of $184.03. The company has a market capitalization of $105.38 billion, a P/E ratio of 38.03, a PEG ratio of 1.99 and a beta of 1.11. 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 stock's 50 day simple moving average is $179.46 and its two-hundred day simple moving average is $169.32.

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

Intercontinental Exchange Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.05%. Intercontinental Exchange's payout ratio is presently 39.75%.

About Intercontinental Exchange

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.