Northeast Financial Consultants Inc purchased a new stake in shares of Intercontinental Exchange Inc (NYSE:ICE) in the first quarter, HoldingsChannel.com reports. The fund purchased 3,656 shares of the financial services provider’s stock, valued at approximately $278,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Intercontinental Exchange by 0.8% in the fourth quarter. BlackRock Inc. now owns 33,815,473 shares of the financial services provider’s stock worth $2,547,321,000 after purchasing an additional 267,793 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Intercontinental Exchange by 63.8% in the first quarter. Lazard Asset Management LLC now owns 12,800,711 shares of the financial services provider’s stock worth $974,645,000 after buying an additional 4,986,008 shares in the last quarter. Janus Henderson Group PLC lifted its position in Intercontinental Exchange by 2.9% during the first quarter. Janus Henderson Group PLC now owns 11,776,528 shares of the financial services provider’s stock valued at $896,651,000 after purchasing an additional 333,709 shares during the period. Northern Trust Corp lifted its position in Intercontinental Exchange by 2.3% during the first quarter. Northern Trust Corp now owns 10,964,061 shares of the financial services provider’s stock valued at $834,803,000 after purchasing an additional 248,097 shares during the period. Finally, Amundi Pioneer Asset Management Inc. raised its position in Intercontinental Exchange by 7.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 8,538,972 shares of the financial services provider’s stock worth $643,240,000 after acquiring an additional 579,012 shares during the period. 89.12% of the stock is owned by hedge funds and other institutional investors.
In other Intercontinental Exchange news, CFO Scott A. Hill sold 26,933 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $73.32, for a total transaction of $1,974,727.56. Following the completion of the transaction, the chief financial officer now owns 188,688 shares in the company, valued at $13,834,604.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Charles A. Vice sold 25,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $76.82, for a total transaction of $1,920,500.00. Following the transaction, the insider now owns 427,621 shares of the company’s stock, valued at approximately $32,849,845.22. The disclosure for this sale can be found here. Insiders have sold 186,712 shares of company stock valued at $14,843,289 in the last quarter. 1.50% of the stock is owned by company insiders.
ICE traded up $0.08 during trading on Friday, hitting $84.65. 11,046 shares of the company traded hands, compared to its average volume of 2,266,482. The stock has a market capitalization of $47.84 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 2.77 and a beta of 0.48. Intercontinental Exchange Inc has a 1 year low of $69.69 and a 1 year high of $86.78. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.01.
Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.02. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Intercontinental Exchange had a net margin of 31.98% and a return on equity of 12.22%. Intercontinental Exchange’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the company posted $0.90 earnings per share. On average, equities research analysts forecast that Intercontinental Exchange Inc will post 3.75 earnings per share for the current year.
Several research firms have weighed in on ICE. Zacks Investment Research downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Bank of America set a $85.00 price target on shares of Intercontinental Exchange and gave the stock a “buy” rating in a research report on Tuesday, April 9th. ValuEngine downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. Wells Fargo & Co increased their price target on shares of Intercontinental Exchange from $79.00 to $81.00 and gave the stock a “market perform” rating in a research report on Thursday, April 4th. Finally, Deutsche Bank decreased their price target on shares of Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating on the stock in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. Intercontinental Exchange has a consensus rating of “Buy” and an average price target of $85.55.
About Intercontinental Exchange
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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