5,279,021 Shares in Intercontinental Exchange Inc. $ICE Bought by Flossbach Von Storch SE

Flossbach Von Storch SE purchased a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,279,021 shares of the financial services provider’s stock, valued at approximately $649,900,000. Intercontinental Exchange accounts for approximately 2.9% of Flossbach Von Storch SE’s holdings, making the stock its 13th largest holding. Flossbach Von Storch SE owned about 0.94% of Intercontinental Exchange at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ICE. J. Stern & Co. LLP raised its stake in shares of Intercontinental Exchange by 17,398.1% during the fourth quarter. J. Stern & Co. LLP now owns 54,107,273 shares of the financial services provider’s stock valued at $8,763,214,000 after acquiring an additional 53,798,055 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Intercontinental Exchange in the second quarter worth about $6,245,085,000. Norges Bank purchased a new position in Intercontinental Exchange during the 4th quarter valued at about $1,418,228,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Intercontinental Exchange during the 2nd quarter valued at about $714,869,000. Finally, Viking Global Investors LP bought a new position in Intercontinental Exchange during the 4th quarter valued at approximately $777,926,000. Institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling

In other Intercontinental Exchange news, Director William Jefferson Hague sold 1,333 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $139.46, for a total value of $185,900.18. Following the completion of the transaction, the director owned 20,132 shares in the company, valued at approximately $2,807,608.72. This represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sharon Bowen sold 667 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $151.28, for a total value of $100,903.76. Following the transaction, the director directly owned 15,077 shares of the company’s stock, valued at $2,280,848.56. This represents a 4.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,376 shares of company stock valued at $2,746,946 over the last 90 days. 0.84% of the stock is currently owned by company insiders.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock opened at $157.04 on Thursday. Intercontinental Exchange Inc. has a fifty-two week low of $121.79 and a fifty-two week high of $181.72. The stock’s 50 day simple moving average is $141.53 and its two-hundred day simple moving average is $151.73. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $88.16 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.53 and a beta of 0.92.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.06. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.81 EPS. As a group, analysts expect that Intercontinental Exchange Inc. will post 8.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ICE has been the subject of several research analyst reports. Wall Street Zen cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. TD Cowen reissued a “buy” rating and set a $177.00 target price (up from $159.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Morgan Stanley decreased their target price on Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating for the company in a report on Friday, July 10th. Rothschild & Co Redburn set a $177.00 price target on Intercontinental Exchange in a research note on Thursday, June 11th. Finally, Weiss Ratings cut shares of Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $183.33.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.