Flossbach Von Storch SE Sells 25,016 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Flossbach Von Storch SE trimmed its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,074,730 shares of the financial services provider's stock after selling 25,016 shares during the period. Intercontinental Exchange comprises about 3.0% of Flossbach Von Storch SE's portfolio, making the stock its 14th largest position. Flossbach Von Storch SE owned about 0.88% of Intercontinental Exchange worth $756,186,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Northwest Investment Counselors LLC acquired a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at about $26,000. Financial Management Professionals Inc. grew its holdings in shares of Intercontinental Exchange by 106.1% during the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock worth $27,000 after buying an additional 87 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Intercontinental Exchange in the 4th quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new stake in Intercontinental Exchange in the 3rd quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC acquired a new position in Intercontinental Exchange during the 3rd quarter worth approximately $31,000. 89.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of recent research reports. UBS Group lifted their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, February 7th. Keefe, Bruyette & Woods lifted their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Barclays boosted their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. dropped their target price on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $178.80.

Intercontinental Exchange Price Performance

NYSE ICE traded up $1.25 during midday trading on Friday, hitting $168.04. The company had a trading volume of 2,853,143 shares, compared to its average volume of 2,939,269. The firm has a 50-day moving average price of $155.18 and a 200-day moving average price of $157.99. The company has a market capitalization of $96.55 billion, a PE ratio of 35.15, a P/E/G ratio of 2.11 and a beta of 1.11. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $169.78.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. As a group, analysts anticipate that Intercontinental Exchange, Inc. will post 6.71 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio (DPR) is presently 40.17%.

Insider Buying and Selling

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 750 shares of the company's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the sale, the chief operating officer now directly owns 12,780 shares in the company, valued at $1,955,212.20. This represents a 5.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Andrew J. Surdykowski sold 955 shares of Intercontinental Exchange stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total value of $149,056.40. Following the completion of the transaction, the general counsel now owns 44,702 shares in the company, valued at approximately $6,977,088.16. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,196 shares of company stock worth $10,840,972. Corporate insiders own 1.10% of the company's stock.

Intercontinental Exchange 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.