Tredje AP fonden Decreases Stake in Intercontinental Exchange Inc. (ICE)

Tredje AP fonden decreased its position in Intercontinental Exchange Inc. (NYSE:ICE) by 28.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,415 shares of the financial services provider’s stock after selling 15,875 shares during the quarter. Tredje AP fonden’s holdings in Intercontinental Exchange were worth $2,672,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ICE. BlackRock Inc. grew its position in shares of Intercontinental Exchange by 2,943.4% in the first quarter. BlackRock Inc. now owns 35,050,179 shares of the financial services provider’s stock valued at $2,098,452,000 after purchasing an additional 33,898,484 shares during the last quarter. OppenheimerFunds Inc. grew its position in shares of Intercontinental Exchange by 340.8% in the first quarter. OppenheimerFunds Inc. now owns 5,641,157 shares of the financial services provider’s stock valued at $337,737,000 after purchasing an additional 4,361,480 shares during the last quarter. FMR LLC grew its position in shares of Intercontinental Exchange by 19.3% in the first quarter. FMR LLC now owns 8,929,000 shares of the financial services provider’s stock valued at $534,580,000 after purchasing an additional 1,443,992 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Intercontinental Exchange by 3.8% in the first quarter. Vanguard Group Inc. now owns 39,318,668 shares of the financial services provider’s stock valued at $2,354,009,000 after purchasing an additional 1,425,397 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in shares of Intercontinental Exchange in the first quarter valued at approximately $74,077,000. 89.74% of the stock is currently owned by institutional investors.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Thursday, July 13th. Royal Bank Of Canada raised Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $65.00 to $70.00 in a research report on Thursday, July 13th. Jefferies Group LLC reissued a “buy” rating and set a $73.00 price target (up previously from $70.00) on shares of Intercontinental Exchange in a research report on Monday, July 17th. BidaskClub downgraded Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Citigroup Inc. assumed coverage on Intercontinental Exchange in a research report on Wednesday, July 12th. They set a “neutral” rating and a $67.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $68.81.

Shares of Intercontinental Exchange Inc. (NYSE ICE) opened at 65.34 on Friday. Intercontinental Exchange Inc. has a 12 month low of $52.27 and a 12 month high of $67.48. The company’s 50-day moving average price is $65.48 and its 200-day moving average price is $62.40. The firm has a market cap of $7.52 billion, a P/E ratio of 24.21 and a beta of 0.72.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.75 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 net margin of 27.56% and a return on equity of 10.80%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 EPS. On average, analysts predict that Intercontinental Exchange Inc. will post $2.94 EPS for the current year.

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In other news, CEO Jeffrey C. Sprecher sold 80,420 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $65.24, for a total transaction of $5,246,600.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles A. Vice sold 12,500 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $66.93, for a total transaction of $836,625.00. Following the transaction, the insider now owns 382,471 shares of the company’s stock, valued at $25,598,784.03. The disclosure for this sale can be found here. Insiders have sold a total of 124,920 shares of company stock valued at $8,183,176 over the last 90 days. Company insiders own 1.50% of the company’s stock.

Intercontinental Exchange Company Profile

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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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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