Flossbach Von Storch SE Has $769.61 Million Stake in Intercontinental Exchange Inc. $ICE

Flossbach Von Storch SE lifted its position in Intercontinental Exchange Inc. (NYSE:ICE) by 0.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,567,933 shares of the financial services provider’s stock after buying an additional 4,658 shares during the quarter. Intercontinental Exchange comprises 3.0% of Flossbach Von Storch SE’s investment portfolio, making the stock its 12th largest holding. Flossbach Von Storch SE owned 0.80% of Intercontinental Exchange worth $769,605,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ICE. Norges Bank bought a new stake in Intercontinental Exchange in the second quarter worth approximately $1,542,780,000. Sands Capital Management LLC lifted its stake in shares of Intercontinental Exchange by 97.3% in the 2nd quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider’s stock valued at $974,783,000 after purchasing an additional 2,620,310 shares during the last quarter. C WorldWide Group Holding A S boosted its holdings in Intercontinental Exchange by 29,199.5% in the second quarter. C WorldWide Group Holding A S now owns 1,652,201 shares of the financial services provider’s stock worth $303,129,000 after purchasing an additional 1,646,562 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Intercontinental Exchange by 55.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,781,542 shares of the financial services provider’s stock worth $510,330,000 after buying an additional 994,316 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Intercontinental Exchange by 503.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,133,892 shares of the financial services provider’s stock valued at $191,038,000 after buying an additional 946,065 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on ICE shares. Barclays set a $182.00 price objective on Intercontinental Exchange and gave the company an “overweight” rating in a report on Thursday, January 8th. UBS Group reiterated a “buy” rating on shares of Intercontinental Exchange in a report on Wednesday, January 7th. Keefe, Bruyette & Woods raised shares of Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. TD Cowen reaffirmed a “buy” rating on shares of Intercontinental Exchange in a report on Wednesday, January 14th. Finally, Morgan Stanley set a $180.00 target price on shares of Intercontinental Exchange and gave the stock an “equal weight” rating in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $193.50.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $172.40 on Thursday. The firm has a market capitalization of $98.30 billion, a PE ratio of 31.40, a PEG ratio of 2.14 and a beta of 1.03. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. Intercontinental Exchange Inc. has a 1-year low of $143.17 and a 1-year high of $189.35. The business’s 50 day moving average is $163.18 and its 200-day moving average is $166.98.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, hitting the consensus estimate of $1.71. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the business earned $1.55 earnings per share. Intercontinental Exchange’s quarterly revenue was up 2.6% compared to the same quarter last year. Sell-side analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Insider Buying and Selling

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,081 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $151.00, for a total transaction of $314,231.00. Following the sale, the general counsel directly owned 44,212 shares of the company’s stock, valued at approximately $6,676,012. The trade was a 4.50% 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, CEO Jeffrey C. Sprecher sold 150,000 shares of Intercontinental Exchange stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $153.08, for a total value of $22,962,000.00. Following the transaction, the chief executive officer directly owned 1,801,705 shares of the company’s stock, valued at approximately $275,805,001.40. The trade was a 7.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 166,068 shares of company stock worth $25,470,702. Insiders own 1.00% of the company’s stock.

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.