APG Asset Management N.V. boosted its position in Intercontinental Exchange Inc. (NYSE:ICE) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,154,777 shares of the financial services provider’s stock after buying an additional 17,400 shares during the period. APG Asset Management N.V. owned approximately 0.53% of Intercontinental Exchange worth $207,963,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Investment House LLC raised its stake in Intercontinental Exchange by 0.3% in the second quarter. Investment House LLC now owns 174,225 shares of the financial services provider’s stock worth $11,485,000 after buying an additional 475 shares during the last quarter. Schmidt P J Investment Management Inc. raised its stake in Intercontinental Exchange by 10.7% in the second quarter. Schmidt P J Investment Management Inc. now owns 15,525 shares of the financial services provider’s stock worth $1,023,000 after buying an additional 1,500 shares during the last quarter. US Bancorp DE raised its stake in Intercontinental Exchange by 1.6% in the second quarter. US Bancorp DE now owns 68,263 shares of the financial services provider’s stock worth $4,500,000 after buying an additional 1,049 shares during the last quarter. Prospera Financial Services Inc purchased a new stake in Intercontinental Exchange during the second quarter worth $362,000. Finally, Maple Capital Management Inc. purchased a new stake in Intercontinental Exchange during the second quarter worth $229,000. Hedge funds and other institutional investors own 89.38% of the company’s stock.
Intercontinental Exchange Inc. (NYSE:ICE) traded down 0.86% during midday trading on Friday, hitting $64.59. The stock had a trading volume of 1,852,295 shares. Intercontinental Exchange Inc. has a 12-month low of $52.27 and a 12-month high of $67.48. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 23.93 and a beta of 0.71. The company has a 50-day moving average price of $65.84 and a 200-day moving average price of $61.74.
Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.75 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.75. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate 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 was up 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS. Equities analysts anticipate that Intercontinental Exchange Inc. will post $2.95 EPS for the current year.
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A number of analysts recently weighed in on the stock. Royal Bank Of Canada restated a “buy” rating on shares of Intercontinental Exchange in a research note on Tuesday. Jefferies Group LLC reiterated a “buy” rating and issued a $73.00 price target (up from $70.00) on shares of Intercontinental Exchange in a research note on Monday, July 17th. Zacks Investment Research upgraded 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 note on Thursday, July 13th. Citigroup Inc. began coverage on shares of Intercontinental Exchange in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 price target on the stock. Finally, BidaskClub lowered shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $68.36.
In related news, insider Charles A. Vice sold 12,500 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $66.93, for a total transaction of $836,625.00. Following the completion of the transaction, the insider now directly owns 382,471 shares in the company, valued at approximately $25,598,784.03. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeffrey C. Sprecher sold 73,374 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $59.91, for a total value of $4,395,836.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 157,024 shares of company stock valued at $9,732,522. 1.50% of the stock is owned by company insiders.
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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