The IntercontinentalExchange Group Inc. (ICE) Shares Sold by Sumitomo Mitsui Asset Management Company LTD

The IntercontinentalExchange Group Inc. (ICE) Shares Sold by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD reduced its stake in IntercontinentalExchange Group Inc. (NYSE:ICE) by 0.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,062 shares of the company’s stock after selling 9 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in IntercontinentalExchange Group were worth $2,440,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Checchi Capital Advisers LLC boosted its stake in shares of IntercontinentalExchange Group by 2.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,147 shares of the company’s stock valued at $294,000 after buying an additional 31 shares in the last quarter. Oakbrook Investments LLC boosted its stake in shares of IntercontinentalExchange Group by 3.6% in the second quarter. Oakbrook Investments LLC now owns 13,638 shares of the company’s stock valued at $3,491,000 after buying an additional 479 shares in the last quarter. Shell Asset Management Co. boosted its stake in shares of IntercontinentalExchange Group by 62.8% in the second quarter. Shell Asset Management Co. now owns 9,974 shares of the company’s stock valued at $2,553,000 after buying an additional 3,849 shares in the last quarter. RS Investment Management Co. LLC boosted its stake in shares of IntercontinentalExchange Group by 1.4% in the second quarter. RS Investment Management Co. LLC now owns 24,995 shares of the company’s stock valued at $6,398,000 after buying an additional 340 shares in the last quarter. Finally, HL Financial Services LLC boosted its stake in shares of IntercontinentalExchange Group by 10.3% in the second quarter. HL Financial Services LLC now owns 8,303 shares of the company’s stock valued at $2,126,000 after buying an additional 774 shares in the last quarter. Institutional investors own 17.94% of the company’s stock.

Shares of IntercontinentalExchange Group Inc. (NYSE:ICE) traded down 0.61% during mid-day trading on Thursday, reaching $56.96. 1,885,225 shares of the company’s stock were exchanged. The stock has a market capitalization of $6.55 billion, a PE ratio of 23.33 and a beta of 0.90. IntercontinentalExchange Group Inc. has a 1-year low of $45.44 and a 1-year high of $59.86. The company’s 50 day moving average is $57.46 and its 200 day moving average is $55.16.

IntercontinentalExchange Group (NYSE:ICE) last released its quarterly earnings data on Tuesday, November 1st. The company reported $3.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.22 by $0.01. The business earned $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. IntercontinentalExchange Group had a return on equity of 10.57% and a net margin of 25.29%. The firm’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.91 EPS. Equities research analysts anticipate that IntercontinentalExchange Group Inc. will post $2.75 EPS for the current fiscal year.

Several equities research analysts recently issued reports on ICE shares. Zacks Investment Research cut shares of IntercontinentalExchange Group from a “hold” rating to a “sell” rating in a report on Friday, October 7th. Jefferies Group lifted their price target on shares of IntercontinentalExchange Group from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Finally, Evercore ISI reiterated a “buy” rating and set a $63.00 price target on shares of IntercontinentalExchange Group in a research note on Saturday, December 17th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. IntercontinentalExchange Group has a consensus rating of “Buy” and a consensus price target of $60.27.

In other news, insider Charles A. Vice sold 5,000 shares of the stock in a transaction on Thursday, January 5th. The shares were sold at an average price of $57.08, for a total value of $285,400.00. Following the sale, the insider now owns 304,915 shares in the company, valued at $17,404,548.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dean S. Mathison sold 1,930 shares of the stock in a transaction on Friday, January 13th. The stock was sold at an average price of $57.15, for a total transaction of $110,299.50. The disclosure for this sale can be found here. Insiders sold 9,030 shares of company stock worth $827,802 in the last quarter. Company insiders own 1.40% of the company’s stock.

About IntercontinentalExchange Group

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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