Investors sold shares of IntercontinentalExchange Group Inc. (NYSE:ICE) on strength during trading on Monday. $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 companies 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

ICE has been the topic of a number of analyst reports. Royal Bank Of Canada initiated coverage on shares of IntercontinentalExchange Group in a research report on Tuesday, May 10th. They set a “sector perform” rating and a $255.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of IntercontinentalExchange Group from a “not rated” rating to a “neutral” rating and set a $284.00 target price on the stock in a research report on Wednesday, June 1st. Zacks Investment Research upgraded shares of IntercontinentalExchange Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 31st. Barclays PLC raised their target price on shares of IntercontinentalExchange Group from $295.00 to $307.00 and gave the stock an “overweight” rating in a research report on Thursday, August 4th. Finally, Goldman Sachs Group Inc. restated a “buy” rating and set a $305.00 target price on shares of IntercontinentalExchange Group in a research report on Friday, May 6th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $292.58.

The company’s 50-day moving average price is $264.04 and its 200 day moving average price is $251.57. The firm has a market cap of $32.21 billion and a price-to-earnings ratio of 23.10.

IntercontinentalExchange Group (NYSE:ICE) last released its quarterly earnings results 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. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm earned $2.90 EPS. The firm’s revenue was up 41.7% compared to the same quarter last year. On average, analysts forecast that IntercontinentalExchange Group Inc. will post $13.88 earnings per share for the current year.

In other news, insider Thomas W. Farley sold 755 shares of the business’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 transaction of $191,150.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Scott A. Hill sold 9,117 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $280.00, for a total transaction of $2,552,760.00. Following the sale, the chief financial officer now owns 38,809 shares in the company, valued at approximately $10,866,520. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of IntercontinentalExchange Group by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 220,903 shares of the company’s stock worth $56,610,000 after buying an additional 7,384 shares during the last quarter. BlackRock Advisors LLC increased its position in shares of IntercontinentalExchange Group by 58.5% in the fourth quarter. BlackRock Advisors LLC now owns 87,950 shares of the company’s stock worth $22,538,000 after buying an additional 32,467 shares during the last quarter. State of Tennessee Treasury Department increased its position in shares of IntercontinentalExchange Group by 31.1% in the fourth quarter. State of Tennessee Treasury Department now owns 50,381 shares of the company’s stock worth $12,911,000 after buying an additional 11,944 shares during the last quarter. American International Group Inc. increased its position in shares of 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. Finally, RS Investment Management Co. LLC increased its position in shares of IntercontinentalExchange Group by 13.7% in the fourth quarter. RS Investment Management Co. LLC now owns 32,535 shares of the company’s stock worth $8,337,000 after buying an additional 3,929 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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