Traders sold shares of IntercontinentalExchange Group Inc. (NYSE:ICE) on strength during trading hours on Friday. $17.15 million flowed into the stock on the tick-up and $32.60 million flowed out of the stock on the tick-down, for a money net flow of $15.45 million out of the stock. Of all stocks tracked, IntercontinentalExchange Group had the 21st highest net out-flow for the day. IntercontinentalExchange Group traded up $0.04 for the day and closed at $278.64

Several brokerages recently issued reports on ICE. Keefe, Bruyette & Woods upped their price target on IntercontinentalExchange Group from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. RBC Capital Markets restated a “sector perform” rating and issued a $282.00 price objective (up previously from $255.00) on shares of IntercontinentalExchange Group in a research note on Thursday, August 4th. Barclays PLC upped their price objective on IntercontinentalExchange Group from $295.00 to $307.00 and gave the company an “overweight” rating in a research note on Thursday, August 4th. Royal Bank Of Canada upped their price objective on IntercontinentalExchange Group from $255.00 to $282.00 and gave the company a “sector perform” rating in a research note on Thursday, August 4th. Finally, Deutsche Bank AG upped their price objective on IntercontinentalExchange Group from $295.00 to $304.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $292.58.

The stock has a 50 day moving average price of $263.08 and a 200 day moving average price of $251.40. The company has a market cap of $32.06 billion and a price-to-earnings ratio of 22.99.

IntercontinentalExchange Group (NYSE:ICE) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $3.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.38 by $0.05. During the same quarter in the previous year, the firm posted $2.90 EPS. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. The firm’s quarterly revenue was up 41.7% compared to the same quarter last year. Equities analysts expect that IntercontinentalExchange Group Inc. will post $13.88 earnings per share for the current fiscal year.

In other IntercontinentalExchange Group news, CEO Jeffrey C. Sprecher sold 24,606 shares of IntercontinentalExchange Group stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $251.95, for a total transaction of $6,199,481.70. Following the completion of the transaction, the chief executive officer now owns 313,444 shares in the company, valued at $78,972,215.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Charles A. Vice sold 2,000 shares of IntercontinentalExchange Group stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $278.79, for a total value of $557,580.00. Following the transaction, the insider now owns 61,983 shares of the company’s stock, valued at approximately $17,280,240.57. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently made changes to their positions in the company. Morgan Stanley boosted its position in shares of IntercontinentalExchange Group by 43.5% in the fourth quarter. Morgan Stanley now owns 267,189 shares of the company’s stock worth $68,471,000 after buying an additional 81,044 shares during the last quarter. Victory Capital Management Inc. raised its stake in IntercontinentalExchange Group by 50.3% in the fourth quarter. Victory Capital Management Inc. now owns 5,036 shares of the company’s stock worth $1,291,000 after buying an additional 1,685 shares during the last quarter. Suntrust Banks Inc. raised its stake 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 during the last quarter. Eaton Vance Management raised its stake 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 during the last quarter. Finally, Advisors Asset Management Inc. raised its stake 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 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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