Investors sold shares of IntercontinentalExchange Group Inc. (NYSE:ICE) on strength during trading on Thursday. $32.16 million flowed into the stock on the tick-up and $55.78 million flowed out of the stock on the tick-down, for a money net flow of $23.62 million out of the stock. Of all companies tracked, IntercontinentalExchange Group had the 0th highest net out-flow for the day. IntercontinentalExchange Group traded up $1.22 for the day and closed at $265.26

Several research firms have issued reports on ICE. Argus boosted their price objective on shares of IntercontinentalExchange Group from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, May 5th. Keefe, Bruyette & Woods decreased their price objective on shares of IntercontinentalExchange Group from $290.00 to $286.00 and set an “outperform” rating for the company in a research note on Friday, April 8th. Zacks Investment Research downgraded shares of IntercontinentalExchange Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th. Buckingham Research began coverage on shares of IntercontinentalExchange Group in a research note on Thursday, May 19th. They set a “buy” rating and a $300.00 price objective for the company. Finally, Royal Bank Of Canada began coverage on shares of IntercontinentalExchange Group in a research note on Tuesday, May 10th. They set a “sector perform” rating and a $255.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $283.83.

The company has a market cap of $30.40 billion and a PE ratio of 22.62. The stock’s 50 day moving average is $257.57 and its 200-day moving average is $249.46.

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

In related news, insider Charles A. Vice sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $266.62, for a total value of $666,550.00. Following the transaction, the insider now owns 62,483 shares in the company, valued at $16,659,217.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jean Marc Forneri sold 5,800 shares of the stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $262.95, for a total value of $1,525,110.00. Following the completion of the transaction, the director now owns 11,070 shares in the company, valued at approximately $2,910,856.50. The disclosure for this sale can be found here.

Other institutional investors have recently added to or reduced their stakes in the company. MUFG Americas Holdings Corp increased its position in IntercontinentalExchange Group by 11.2% in the fourth quarter. MUFG Americas Holdings Corp now owns 29,391 shares of the company’s stock worth $7,532,000 after buying an additional 2,964 shares in the last quarter. Suntrust Banks Inc. increased its position in IntercontinentalExchange Group by 94.3% in the fourth quarter. Suntrust Banks Inc. now owns 13,848 shares of the company’s stock worth $3,547,000 after buying an additional 6,722 shares in the last quarter. Utah Retirement Systems increased its position in IntercontinentalExchange Group by 0.5% in the fourth quarter. Utah Retirement Systems now owns 20,037 shares of the company’s stock worth $5,135,000 after buying an additional 100 shares in the last quarter. Advisors Asset Management Inc. increased its position in IntercontinentalExchange Group by 8.7% in the fourth quarter. Advisors Asset Management Inc. now owns 18,116 shares of the company’s stock worth $4,642,000 after buying an additional 1,448 shares in the last quarter. Finally, Eaton Vance Management increased its position in IntercontinentalExchange Group by 3.9% in the fourth quarter. Eaton Vance Management now owns 18,872 shares of the company’s stock worth $4,836,000 after buying an additional 700 shares in 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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