Advisor Partners LLC cut its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 0.6% during the third quarter, Holdings Channel reports. The fund owned 2,146 shares of the company’s stock after selling 13 shares during the period. Advisor Partners LLC’s holdings in Intercontinental Exchange were worth $578,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of ICE. Mizuho Trust & Banking Co. Ltd. raised its stake in Intercontinental Exchange by 2.3% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 184,596 shares of the company’s stock worth $47,249,000 after buying an additional 4,230 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Intercontinental Exchange by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 3,112,039 shares of the company’s stock worth $796,555,000 after buying an additional 110,531 shares during the last quarter. Cookson Peirce & Co. Inc. raised its stake in Intercontinental Exchange by 1.9% in the second quarter. Cookson Peirce & Co. Inc. now owns 50,583 shares of the company’s stock worth $12,947,000 after buying an additional 962 shares during the last quarter. Carmignac Gestion raised its stake in Intercontinental Exchange by 12.0% in the second quarter. Carmignac Gestion now owns 2,633,120 shares of the company’s stock worth $673,973,000 after buying an additional 282,595 shares during the last quarter. Finally, Pennsylvania Trust Co raised its stake in Intercontinental Exchange by 32.6% in the third quarter. Pennsylvania Trust Co now owns 23,815 shares of the company’s stock worth $6,415,000 after buying an additional 5,850 shares during the last quarter. 18.29% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Intercontinental Exchange Inc. (NYSE:ICE) traded down 0.62% during mid-day trading on Friday, reaching $57.81. 283,364 shares of the company were exchanged. The firm’s 50-day moving average is $57.49 and its 200-day moving average is $55.38. Intercontinental Exchange Inc. has a 12 month low of $45.44 and a 12 month high of $59.86. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 23.68 and a beta of 0.90.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $3.21 EPS for the quarter, missing analysts’ consensus estimates of $3.22 by $0.01. Intercontinental Exchange had a return on equity of 10.57% and a net margin of 25.29%. The firm earned $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the business posted $2.91 EPS. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. On average, equities analysts forecast that Intercontinental Exchange Inc. will post $2.75 earnings per share for the current fiscal year.
Several research analysts have weighed in on the company. Jefferies Group LLC boosted their price target on Intercontinental Exchange from $59.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, October 11th. Zacks Investment Research downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, October 7th. Finally, Evercore ISI reiterated a “buy” rating and issued a $63.00 price target on shares of Intercontinental Exchange in a report on Saturday, December 17th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $60.27.
In other news, insider Dean S. Mathison sold 1,370 shares of the firm’s stock in a transaction on Thursday, January 19th. The shares were sold at an average price of $57.36, for a total transaction of $78,583.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Charles A. Vice sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 5th. The shares were sold at an average price of $57.08, for a total transaction of $285,400.00. Following the transaction, the insider now owns 304,915 shares in the company, valued at approximately $17,404,548.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,400 shares of company stock valued at $906,385. Insiders own 1.40% of the company’s stock.
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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