2Xideas AG Has $51.18 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

2Xideas AG cut its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 3.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 343,493 shares of the financial services provider's stock after selling 11,476 shares during the period. Intercontinental Exchange accounts for approximately 6.9% of 2Xideas AG's holdings, making the stock its 3rd biggest holding. 2Xideas AG owned approximately 0.06% of Intercontinental Exchange worth $51,184,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Intercontinental Exchange during the fourth quarter valued at about $1,196,258,000. Raymond James Financial Inc. purchased a new stake in shares of Intercontinental Exchange during the 4th quarter worth about $406,728,000. Swedbank AB increased its position 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 worth $330,171,000 after purchasing an additional 2,123,185 shares in the last quarter. AMF Tjanstepension AB increased its position 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 worth $253,591,000 after purchasing an additional 1,574,386 shares in the last quarter. Finally, Egerton Capital UK LLP purchased a new position in Intercontinental Exchange in the fourth quarter valued at approximately $109,270,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Intercontinental Exchange

In other news, President Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock in a transaction dated Wednesday, February 26th. The shares were 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. The trade was a 5.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Mayur Kapani sold 5,661 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the sale, the chief technology officer now owns 66,548 shares in the company, valued at approximately $9,821,819.32. This trade represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,563 shares of company stock worth $10,998,990 over the last 90 days. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

ICE has been the subject of several recent research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. UBS Group raised their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods upped their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Barclays raised their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. decreased their price target on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.47.

Intercontinental Exchange Stock Up 0.6 %

Shares of ICE stock traded up $1.00 during trading hours on Friday, hitting $156.19. 855,895 shares of the company were exchanged, compared to its average volume of 2,909,034. 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 stock has a market capitalization of $89.73 billion, a price-to-earnings ratio of 32.46, a P/E/G ratio of 2.10 and a beta of 1.09. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $177.45. The business's 50-day simple moving average is $167.87 and its two-hundred day simple moving average is $160.55.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its 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 return on equity of 12.95% and a net margin of 23.42%. Sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is presently 40.17%.

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.