Lourd Capital LLC boosted its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,443 shares of the financial services provider’s stock after buying an additional 108 shares during the period. Lourd Capital LLC’s holdings in Intercontinental Exchange were worth $622,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc raised its position in shares of Intercontinental Exchange by 0.7% in the second quarter. CIBC Asset Management Inc now owns 77,746 shares of the financial services provider’s stock worth $5,125,000 after buying an additional 531 shares during the last quarter. Nicolet Bankshares Inc. increased its stake in Intercontinental Exchange by 430.0% in the second quarter. Nicolet Bankshares Inc. now owns 8,745 shares of the financial services provider’s stock valued at $576,000 after buying an additional 7,095 shares during the period. Warren Averett Asset Management LLC purchased a new stake in shares of Intercontinental Exchange during the second quarter worth about $224,000. Alpha Cubed Investments LLC increased its stake in shares of Intercontinental Exchange by 40.5% in the second quarter. Alpha Cubed Investments LLC now owns 26,685 shares of the financial services provider’s stock worth $1,759,000 after buying an additional 7,691 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of Intercontinental Exchange by 4.0% in the second quarter. Janney Montgomery Scott LLC now owns 104,984 shares of the financial services provider’s stock worth $6,921,000 after buying an additional 4,074 shares during the period. Institutional investors and hedge funds own 89.50% of the company’s stock.
Intercontinental Exchange Inc. (ICE) traded down 0.23% during midday trading on Friday, hitting $65.01. 2,067,776 shares of the company traded hands. The stock has a 50 day moving average of $65.81 and a 200 day moving average of $61.47. The stock has a market cap of $7.48 billion, a P/E ratio of 24.09 and a beta of 0.71. Intercontinental Exchange Inc. has a 12-month low of $52.27 and a 12-month high of $67.48.
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 consensus estimate of $0.75. The company had revenue of $1.18 billion during 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%. 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 firm earned $0.69 earnings per share. Equities research analysts predict that Intercontinental Exchange Inc. will post $2.95 EPS for the current fiscal year.
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Several equities analysts have issued reports on ICE shares. Royal Bank Of Canada set a $61.00 price objective on shares of Intercontinental Exchange and gave the company a “hold” rating in a report on Thursday, April 20th. BidaskClub upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Citigroup Inc. initiated coverage on shares of Intercontinental Exchange in a research report on Wednesday, July 12th. They set a “neutral” rating and a $67.00 price objective for the company. Jefferies Group LLC restated a “buy” rating and set a $73.00 price objective (up from $70.00) on shares of Intercontinental Exchange in a research report on Monday, July 17th. Finally, Zacks Investment Research upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.36.
In related news, Director Charles R. Crisp sold 3,365 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $58.65, for a total transaction of $197,357.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jean Marc Forneri sold 6,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $58.27, for a total value of $349,620.00. Following the transaction, the director now directly owns 47,350 shares of the company’s stock, valued at $2,759,084.50. The disclosure for this sale can be found here. Insiders have sold 166,389 shares of company stock valued at $10,279,500 over the last three months. Insiders own 1.50% 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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