Intercontinental Exchange Inc. $ICE Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its position in shares of Intercontinental Exchange Inc. (NYSE:ICEFree Report) by 22.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,112,450 shares of the financial services provider’s stock after selling 605,933 shares during the quarter. Deutsche Bank AG’s holdings in Intercontinental Exchange were worth $342,132,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Motley Fool Asset Management LLC boosted its position in Intercontinental Exchange by 34.2% during the fourth quarter. Motley Fool Asset Management LLC now owns 53,037 shares of the financial services provider’s stock worth $8,590,000 after acquiring an additional 13,520 shares during the last quarter. North Dallas Bank & Trust Co. acquired a new stake in Intercontinental Exchange during the fourth quarter worth approximately $965,000. Pettyjohn Wood & White Inc. boosted its position in Intercontinental Exchange by 4.1% during the fourth quarter. Pettyjohn Wood & White Inc. now owns 19,314 shares of the financial services provider’s stock worth $3,128,000 after acquiring an additional 766 shares during the last quarter. LGT Capital Partners LTD. boosted its position in Intercontinental Exchange by 12.5% during the fourth quarter. LGT Capital Partners LTD. now owns 243,138 shares of the financial services provider’s stock worth $39,379,000 after acquiring an additional 26,925 shares during the last quarter. Finally, X Square Capital LLC boosted its position in Intercontinental Exchange by 6.6% during the fourth quarter. X Square Capital LLC now owns 2,594 shares of the financial services provider’s stock worth $420,000 after acquiring an additional 161 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, CFO Warren Gardiner sold 2,490 shares of Intercontinental Exchange stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $156.64, for a total value of $390,033.60. Following the transaction, the chief financial officer owned 25,189 shares in the company, valued at $3,945,604.96. This trade represents a 9.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sharon Bowen sold 667 shares of Intercontinental Exchange stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $151.28, for a total transaction of $100,903.76. Following the completion of the transaction, the director owned 15,077 shares in the company, valued at approximately $2,280,848.56. This trade represents a 4.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,001 shares of company stock worth $1,847,820 in the last 90 days. Company insiders own 0.84% of the company’s stock.

Intercontinental Exchange Stock Down 0.8%

Shares of ICE opened at $140.45 on Thursday. The firm has a market cap of $79.43 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 1.36 and a beta of 0.92. The company’s fifty day moving average is $154.94 and its two-hundred day moving average is $159.52. Intercontinental Exchange Inc. has a fifty-two week low of $136.67 and a fifty-two week high of $189.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICEGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $2.88 billion. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. Intercontinental Exchange’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the business earned $1.72 EPS. Analysts forecast that Intercontinental Exchange Inc. will post 8.16 earnings per share for the current year.

Analysts Set New Price Targets

ICE has been the topic of a number of analyst reports. Weiss Ratings lowered shares of Intercontinental Exchange from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 target price on the stock in a research report on Friday, March 6th. Piper Sandler restated an “overweight” rating and set a $211.00 target price (up from $195.00) on shares of Intercontinental Exchange in a research report on Wednesday, April 15th. UBS Group restated a “buy” rating and set a $205.00 target price on shares of Intercontinental Exchange in a research report on Wednesday, May 20th. Finally, Morgan Stanley raised their target price on shares of Intercontinental Exchange from $183.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Intercontinental Exchange has an average rating of “Moderate Buy” and an average target price of $194.60.

Check Out Our Latest Stock Analysis on ICE

Intercontinental Exchange Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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