IntercontinentalExchange Group Inc. (NYSE:ICE)’s share price gapped up prior to trading on Friday . The stock had previously closed at $262.42, but opened at $262.44. IntercontinentalExchange Group shares last traded at $263.44, with a volume of 104,512 shares trading hands.

Several equities analysts have commented on the company. Zacks Investment Research downgraded IntercontinentalExchange Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 27th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of IntercontinentalExchange Group in a research report on Saturday, April 9th. Argus increased their target price on IntercontinentalExchange Group from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, May 5th. Deutsche Bank AG assumed coverage on IntercontinentalExchange Group in a research report on Thursday, May 5th. They issued a “buy” rating and a $295.00 target price for the company. Finally, Buckingham Research assumed coverage on IntercontinentalExchange Group in a research report on Thursday, May 19th. They issued a “buy” rating and a $300.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $283.83.

The company has a 50 day moving average of $257.67 and a 200-day moving average of $249.10. The firm has a market capitalization of $30.28 billion and a price-to-earnings ratio of 22.53.

IntercontinentalExchange Group (NYSE:ICE) last released its earnings results on Wednesday, May 4th. The company reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $3.65 by $0.03. The company earned $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. The company’s revenue was up 35.8% on a year-over-year basis. During the same period last year, the firm posted $3.06 EPS. Equities analysts forecast that IntercontinentalExchange Group Inc. will post $13.90 EPS for the current fiscal year.

In other IntercontinentalExchange Group news, insider Charles A. Vice sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $266.62, for a total transaction of $666,550.00. Following the completion of the transaction, the insider now owns 62,483 shares of the company’s stock, valued at approximately $16,659,217.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas W. Farley sold 755 shares of the company’s stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of $253.18, for a total value of $191,150.90. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have added to or reduced their stakes in ICE. Cornerstone Capital Management Holdings LLC. raised its position in IntercontinentalExchange Group by 47.6% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 49,167 shares of the company’s stock worth $12,600,000 after buying an additional 15,852 shares during the last quarter. Montag & Caldwell LLC raised its position in IntercontinentalExchange Group by 2.0% in the fourth quarter. Montag & Caldwell LLC now owns 4,580 shares of the company’s stock worth $1,174,000 after buying an additional 89 shares during the last quarter. Toronto Dominion Bank raised its position in IntercontinentalExchange Group by 3.0% in the fourth quarter. Toronto Dominion Bank now owns 4,140 shares of the company’s stock worth $1,062,000 after buying an additional 122 shares during the last quarter. Tredje AP fonden raised its position in IntercontinentalExchange Group by 1.3% in the fourth quarter. Tredje AP fonden now owns 7,127 shares of the company’s stock worth $1,832,000 after buying an additional 90 shares during the last quarter. Finally, Twin Capital Management Inc. raised its position in IntercontinentalExchange Group by 112.9% in the fourth quarter. Twin Capital Management Inc. now owns 16,500 shares of the company’s stock worth $4,228,000 after buying an additional 8,750 shares during the last quarter.

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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