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 equities tracked, IntercontinentalExchange Group had the 0th highest net out-flow for the day. IntercontinentalExchange Group traded up $0.04 for the day and closed at $278.64

A number of research firms have recently weighed in on ICE. Zacks Investment Research downgraded IntercontinentalExchange Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th. Deutsche Bank AG began coverage on IntercontinentalExchange Group in a research note on Thursday, May 5th. They issued a “buy” rating and a $295.00 price target on the stock. Argus increased their price target on IntercontinentalExchange Group from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, May 5th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $305.00 price target on shares of IntercontinentalExchange Group in a research note on Friday, May 6th. Finally, Royal Bank Of Canada began coverage on IntercontinentalExchange Group in a research note on Tuesday, May 10th. They issued a “sector perform” rating and a $255.00 price target on the stock. 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 an average rating of “Buy” and an average price target of $292.58.

The stock has a market capitalization of $32.06 billion and a PE ratio of 22.99. The stock has a 50-day moving average price of $263.08 and a 200-day moving average price of $251.40.

IntercontinentalExchange Group (NYSE:ICE) last posted its earnings results on Wednesday, August 3rd. The company reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.05. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm posted $2.90 EPS. The business’s quarterly revenue was up 41.7% compared to the same quarter last year. On average, equities analysts forecast that IntercontinentalExchange Group Inc. will post $13.88 earnings per share for the current year.

In related news, CEO Jeffrey C. Sprecher sold 24,606 shares of the stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $251.95, for a total value of $6,199,481.70. Following the completion of the sale, the chief executive officer now directly owns 313,444 shares in the company, valued at $78,972,215.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott A. Hill sold 9,117 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $280.00, for a total value of $2,552,760.00. Following the completion of the sale, the chief financial officer now owns 38,809 shares of the company’s stock, valued at $10,866,520. The disclosure for this sale can be found here.

A number of hedge funds recently bought and sold shares of ICE. Utah Retirement Systems increased its stake 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 during the last quarter. American International Group Inc. increased its stake in IntercontinentalExchange Group by 0.3% in the fourth quarter. American International Group Inc. now owns 50,027 shares of the company’s stock worth $12,821,000 after buying an additional 161 shares during the last quarter. US Bancorp DE increased its stake in IntercontinentalExchange Group by 2.1% in the fourth quarter. US Bancorp DE now owns 13,304 shares of the company’s stock worth $3,408,000 after buying an additional 272 shares during the last quarter. Eaton Vance Management increased 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, KBC Group NV increased its stake in IntercontinentalExchange Group by 4.8% in the fourth quarter. KBC Group NV now owns 26,679 shares of the company’s stock worth $6,837,000 after buying an additional 1,217 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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