Norinchukin Bank The raised its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 11.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,381 shares of the financial services provider’s stock after purchasing an additional 2,445 shares during the quarter. Norinchukin Bank The’s holdings in Intercontinental Exchange were worth $1,541,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Thompson Davis & CO. Inc. grew its stake in shares of Intercontinental Exchange by 2.2% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,517 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 32 shares during the last quarter. Norway Savings Bank boosted its stake in shares of Intercontinental Exchange by 16.7% in the second quarter. Norway Savings Bank now owns 1,640 shares of the financial services provider’s stock valued at $108,000 after buying an additional 235 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Intercontinental Exchange by 186.5% in the second quarter. Bessemer Group Inc. now owns 1,905 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,240 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in shares of Intercontinental Exchange in the second quarter valued at approximately $128,000. Finally, Guardian Life Insurance Co. of America boosted its stake in shares of Intercontinental Exchange by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,298 shares of the financial services provider’s stock valued at $138,000 after buying an additional 16 shares in the last quarter. Institutional investors own 89.74% of the company’s stock.
A number of analysts recently weighed in on ICE shares. Jefferies Group LLC restated a “buy” rating and issued a $73.00 price target on shares of Intercontinental Exchange in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Thursday, July 13th. Citigroup Inc. started coverage on Intercontinental Exchange in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 price target on the stock. Royal Bank Of Canada set a $65.00 price target on Intercontinental Exchange and gave the company a “hold” rating in a research note on Tuesday, June 6th. Finally, Barclays PLC started coverage on Intercontinental Exchange in a research note on Friday, September 8th. They issued an “overweight” rating and a $72.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Intercontinental Exchange presently has a consensus rating of “Buy” and an average price target of $68.81.
Intercontinental Exchange Inc. (ICE) opened at 65.38 on Friday. The company’s 50-day moving average price is $65.41 and its 200 day moving average price is $62.69. Intercontinental Exchange Inc. has a one year low of $52.27 and a one year high of $67.48. The firm has a market capitalization of $7.52 billion, a PE ratio of 24.22 and a beta of 0.72.
Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted $0.69 EPS. On average, analysts forecast that Intercontinental Exchange Inc. will post $2.94 earnings per share for the current year.
In other Intercontinental Exchange news, CFO Scott A. Hill sold 17,000 shares of the stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $65.00, for a total transaction of $1,105,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charles A. Vice sold 12,500 shares of the stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $64.32, for a total value of $804,000.00. Following the transaction, the insider now directly owns 382,471 shares of the company’s stock, valued at $24,600,534.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,420 shares of company stock valued at $8,987,176. 1.50% of the stock is currently owned by corporate 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.
Want to see what other hedge funds are holding ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intercontinental Exchange Inc. (NYSE:ICE).
Receive News & Ratings for Intercontinental Exchange Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange Inc. and related companies with MarketBeat.com's FREE daily email newsletter.