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

Flossbach Von Storch AG decreased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,343,458 shares of the financial services provider's stock after selling 46,470 shares during the period. Intercontinental Exchange comprises approximately 3.7% of Flossbach Von Storch AG's portfolio, making the stock its 11th largest position. Flossbach Von Storch AG owned 1.13% of Intercontinental Exchange worth $814,690,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Intercontinental Exchange by 2.2% in the third quarter. Vanguard Group Inc. now owns 46,919,116 shares of the financial services provider's stock valued at $5,162,041,000 after buying an additional 1,012,034 shares during the last quarter. Morgan Stanley lifted its stake in Intercontinental Exchange by 18.9% during the fourth quarter. Morgan Stanley now owns 25,406,629 shares of the financial services provider's stock worth $2,606,466,000 after purchasing an additional 4,044,744 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Intercontinental Exchange by 45.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 17,114,267 shares of the financial services provider's stock valued at $1,755,753,000 after purchasing an additional 5,354,161 shares in the last quarter. Wellington Management Group LLP increased its stake in Intercontinental Exchange by 219.8% in the third quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider's stock valued at $1,336,371,000 after purchasing an additional 8,348,126 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Intercontinental Exchange by 1.2% during the first quarter. Geode Capital Management LLC now owns 10,503,361 shares of the financial services provider's stock worth $1,092,660,000 after purchasing an additional 127,481 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock traded up $0.84 during trading hours on Wednesday, reaching $130.74. 2,361,235 shares of the stock were exchanged, compared to its average volume of 2,404,729. Intercontinental Exchange, Inc. has a 52-week low of $103.81 and a 52-week high of $140.43. The stock has a market cap of $74.86 billion, a P/E ratio of 31.13, a P/E/G ratio of 2.07 and a beta of 1.02. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 1.00. The firm's 50 day moving average is $136.42 and its 200 day moving average is $124.22.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.04. The firm had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.20 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The firm's revenue for the quarter was up 24.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 earnings per share. Analysts predict that Intercontinental Exchange, Inc. will post 5.98 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.45 dividend. This is a boost from Intercontinental Exchange's previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, March 14th. Intercontinental Exchange's dividend payout ratio (DPR) is currently 42.86%.

Insider Activity

In other news, CFO Warren Gardiner sold 2,176 shares of the company's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $136.00, for a total transaction of $295,936.00. Following the transaction, the chief financial officer now directly owns 12,061 shares of the company's stock, valued at approximately $1,640,296. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Intercontinental Exchange news, insider Elizabeth Kathryn King sold 3,783 shares of the business's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $132.03, for a total transaction of $499,469.49. Following the sale, the insider now directly owns 17,242 shares in the company, valued at $2,276,461.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Warren Gardiner sold 2,176 shares of the firm's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $136.00, for a total value of $295,936.00. Following the completion of the transaction, the chief financial officer now owns 12,061 shares of the company's stock, valued at approximately $1,640,296. The disclosure for this sale can be found here. Insiders sold 157,491 shares of company stock valued at $21,454,204 in the last three months. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Rosenblatt Securities upped their target price on shares of Intercontinental Exchange from $154.00 to $164.00 and gave the company a "buy" rating in a report on Friday, February 9th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $152.00 target price on shares of Intercontinental Exchange in a research report on Thursday, April 4th. Barclays upped their target price on Intercontinental Exchange from $153.00 to $155.00 and gave the company an "overweight" rating in a research report on Monday, April 8th. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Wednesday, February 14th. Finally, Morgan Stanley increased their price objective on Intercontinental Exchange from $139.00 to $142.00 and gave the company an "equal weight" rating in a report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $147.08.

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.

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