Liberty Mutual Group Asset Management Inc. cut its position in Intercontinental Exchange Inc. (NYSE:ICE) by 27.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,829 shares of the financial services provider’s stock after selling 11,459 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Intercontinental Exchange were worth $1,846,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. raised its stake in Intercontinental Exchange by 661.8% in the fourth quarter. Bessemer Group Inc. now owns 2,895 shares of the financial services provider’s stock worth $163,000 after buying an additional 2,515 shares during the period. Cipher Capital LP raised its stake in Intercontinental Exchange by 86.5% in the fourth quarter. Cipher Capital LP now owns 14,294 shares of the financial services provider’s stock worth $806,000 after buying an additional 6,630 shares during the period. Dimensional Fund Advisors LP raised its stake in Intercontinental Exchange by 428.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,514,544 shares of the financial services provider’s stock worth $85,452,000 after buying an additional 1,228,003 shares during the period. Martingale Asset Management L P bought a new stake in Intercontinental Exchange during the fourth quarter worth about $2,580,000. Finally, Brown Advisory Inc. raised its stake in Intercontinental Exchange by 519.3% in the fourth quarter. Brown Advisory Inc. now owns 7,586 shares of the financial services provider’s stock worth $427,000 after buying an additional 6,361 shares during the period. 89.66% of the stock is owned by institutional investors and hedge funds.
Intercontinental Exchange Inc. (NYSE ICE) traded down 0.02% during trading on Thursday, hitting $64.28. 852,439 shares of the stock were exchanged. Intercontinental Exchange Inc. has a 1-year low of $48.15 and a 1-year high of $65.00. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 24.82 and a beta of 0.77. The firm’s 50 day moving average price is $61.12 and its 200-day moving average price is $59.36.
Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Intercontinental Exchange had a return on equity of 10.67% and a net margin of 26.48%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the business posted $3.68 EPS. The business’s revenue was up .9% compared to the same quarter last year. On average, analysts anticipate that Intercontinental Exchange Inc. will post $2.99 EPS for the current year.
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Several brokerages recently weighed in on ICE. BidaskClub raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Royal Bank Of Canada set a $65.00 price objective on shares of Intercontinental Exchange and gave the company a “hold” rating in a research report on Tuesday, June 6th. Zacks Investment Research raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Jefferies Group LLC reaffirmed a “buy” rating and set a $70.00 price objective on shares of Intercontinental Exchange in a research report on Monday, April 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $65.50 price objective on shares of Intercontinental Exchange in a research report on Wednesday, April 12th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $65.15.
In related news, Director William Jefferson Hague sold 1,150 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $59.94, for a total value of $68,931.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Thomas W. Farley sold 31,200 shares of the stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $59.34, for a total value of $1,851,408.00. Following the completion of the sale, the insider now owns 112,798 shares in the company, valued at approximately $6,693,433.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 183,089 shares of company stock worth $10,990,583. 1.50% of the stock is owned by company insiders.
About Intercontinental Exchange
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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