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Arrowstreet Capital Limited Partnership Reduces Stock Position in Intercontinental Exchange Inc. $ICE
Arrowstreet Capital Limited Partnership reduced its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 13.1% in the third quarter, selling 365,601 shares and holding 2,415,941 shares valued at $407,038,000. Despite this, several other institutional investors increased their positions, and analysts have a consensus “Buy” rating for ICE with a target price of $194.73. The company also announced a quarterly dividend of $0.52 per share.