Country Trust Bank held its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the financial services provider’s stock at the end of the second quarter. Country Trust Bank’s holdings in Intercontinental Exchange were worth $132,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. 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 worth $108,000 after buying an additional 235 shares in the last quarter. 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. Clearbridge Investments LLC boosted its stake in shares of Intercontinental Exchange by 117.0% in the first quarter. Clearbridge Investments LLC now owns 2,346 shares of the financial services provider’s stock valued at $140,000 after buying an additional 1,265 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Intercontinental Exchange by 45.3% in the first quarter. Parallel Advisors LLC now owns 2,400 shares of the financial services provider’s stock valued at $145,000 after buying an additional 748 shares in the last quarter. Finally, Howard Hughes Medical Institute bought a new stake in shares of Intercontinental Exchange during the first quarter valued at $182,000. 89.50% of the stock is currently owned by institutional investors.
Intercontinental Exchange Inc. (NYSE:ICE) traded down 0.23% during trading on Friday, reaching $65.01. The company had a trading volume of 2,067,776 shares. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 24.09 and a beta of 0.71. The company’s 50-day moving average is $65.81 and its 200 day moving average is $61.47. Intercontinental Exchange Inc. has a 52 week low of $52.27 and a 52 week high of $67.48.
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 the Thomson Reuters’ consensus estimate of $0.75. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. Equities analysts anticipate that Intercontinental Exchange Inc. will post $2.95 EPS for the current year.
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Several research analysts recently weighed in on ICE shares. Royal Bank Of Canada set a $61.00 price objective on shares of Intercontinental Exchange and gave the stock a “hold” rating in a research report on Thursday, April 20th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $66.00 target price (down previously from $67.00) on shares of Intercontinental Exchange in a research note on Monday, May 15th. BidaskClub raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $70.00 target price on shares of Intercontinental Exchange in a research note on Monday, June 26th. Finally, Citigroup Inc. initiated coverage on Intercontinental Exchange in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 price target for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $68.36.
In related news, insider Charles A. Vice sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $66.93, for a total value of $836,625.00. Following the sale, the insider now owns 382,471 shares of the company’s stock, valued at approximately $25,598,784.03. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Charles R. Crisp sold 3,365 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $58.65, for a total value of $197,357.25. The disclosure for this sale can be found here. Insiders have sold a total of 166,389 shares of company stock worth $10,279,500 in the last quarter. 1.50% of the stock is currently owned by 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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