DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Trims Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 70.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,442,913 shares of the financial services provider's stock after selling 5,951,946 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.43% of Intercontinental Exchange worth $364,018,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ICE. Norges Bank purchased a new stake in Intercontinental Exchange in the 4th quarter worth approximately $1,196,258,000. Kovitz Investment Group Partners LLC grew its holdings in 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 valued at $677,465,000 after buying an additional 3,678,384 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Intercontinental Exchange during the 4th quarter valued at approximately $406,728,000. Swedbank AB grew its holdings in Intercontinental Exchange by 2,293.3% during the 4th quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider's stock valued at $330,171,000 after buying an additional 2,123,185 shares in the last quarter. Finally, AMF Tjanstepension AB grew its holdings in Intercontinental Exchange by 1,237.7% during the 4th quarter. AMF Tjanstepension AB now owns 1,701,585 shares of the financial services provider's stock valued at $253,591,000 after buying an additional 1,574,386 shares in the last quarter. Institutional investors own 89.30% of the company's stock.

Insider Activity at Intercontinental Exchange

In related news, President Benjamin Jackson sold 7,900 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total value of $1,354,297.00. Following the completion of the transaction, the president now directly owns 147,274 shares of the company's stock, valued at approximately $25,247,181.82. This represents a 5.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Scott Edmonds sold 6,834 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total value of $1,141,209.66. Following the completion of the sale, the insider now directly owns 17,972 shares of the company's stock, valued at $3,001,144.28. This trade represents a 27.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,368 shares of company stock worth $7,077,789 over the last quarter. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on ICE shares. UBS Group increased their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. lowered their target price on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Morgan Stanley increased their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Finally, Bank of America dropped 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 note on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $185.93.

Intercontinental Exchange Stock Down 2.9%

Shares of ICE stock traded down $5.19 on Monday, hitting $173.14. The stock had a trading volume of 4,588,915 shares, compared to its average volume of 2,958,716. The company has a market cap of $99.32 billion, a PE ratio of 36.22, a P/E/G ratio of 2.10 and a beta of 1.12. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average price of $166.93 and a 200 day moving average price of $160.93. Intercontinental Exchange, Inc. has a one year low of $131.79 and a one year high of $182.00.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its earnings results 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 net margin of 23.42% and a return on equity of 12.95%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the previous year, the company posted $1.48 earnings per share. The firm's revenue was up 8.0% on a year-over-year basis. Research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 1.11%. Intercontinental Exchange's dividend payout ratio is currently 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.