Piedmont Investment Advisors LLC grew its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,999 shares of the financial services provider’s stock after purchasing an additional 149 shares during the quarter. Piedmont Investment Advisors LLC’s holdings in Intercontinental Exchange were worth $8,240,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of ICE. Thompson Davis & CO. Inc. raised its position in shares of Intercontinental Exchange by 2.2% in the second quarter. Thompson Davis & CO. Inc. now owns 1,517 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 32 shares during the period. IHT Wealth Management LLC increased its position in Intercontinental Exchange by 10.8% during the second quarter. IHT Wealth Management LLC now owns 185 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 18 shares during the period. Norway Savings Bank increased its position in Intercontinental Exchange by 16.7% during the second quarter. Norway Savings Bank now owns 1,640 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 235 shares during the period. Bessemer Group Inc. increased its position in Intercontinental Exchange by 186.5% during the second quarter. Bessemer Group Inc. now owns 1,905 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 1,240 shares during the period. Finally, Shine Investment Advisory Services Inc. bought a new position in Intercontinental Exchange during the second quarter worth about $128,000. 89.75% of the stock is currently owned by institutional investors.
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Intercontinental Exchange Inc. (ICE) traded down 0.694% during midday trading on Friday, hitting $69.425. 485,373 shares of the stock were exchanged. The company has a market capitalization of $7.99 billion, a P/E ratio of 25.722 and a beta of 0.74. Intercontinental Exchange Inc. has a 1-year low of $52.27 and a 1-year high of $71.24. The company’s 50 day moving average is $67.03 and its 200 day moving average is $63.87.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.75. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. Intercontinental Exchange’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 earnings per share. Analysts predict that Intercontinental Exchange Inc. will post $2.95 earnings per share for the current fiscal year.
In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 80,420 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $65.24, for a total value of $5,246,600.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the sale, the insider now directly owns 382,471 shares of the company’s stock, valued at approximately $25,598,784.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 155,550 shares of company stock valued at $10,394,455. 1.50% of the stock is owned by insiders.
ICE has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $73.00 price target on shares of Intercontinental Exchange in a research report on Sunday, October 8th. Jefferies Group LLC reaffirmed a “buy” rating and set a $73.00 price target on shares of Intercontinental Exchange in a research report on Wednesday, August 23rd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Intercontinental Exchange in a research report on Tuesday, August 15th. Zacks Investment Research raised shares of 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. Finally, BidaskClub lowered shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Intercontinental Exchange currently has a consensus rating of “Buy” and a consensus price target of $70.78.
Intercontinental Exchange 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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