IntercontinentalExchange Group Inc. (NYSE:ICE)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $286.47 and last traded at $282.81, with a volume of 334,845 shares changing hands. The stock had previously closed at $282.02.

Several research firms have recently commented on ICE. Royal Bank Of Canada increased their target price 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. Argus increased their target price on IntercontinentalExchange Group from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, May 5th. Barclays PLC increased their target price on IntercontinentalExchange Group from $295.00 to $307.00 and gave the company an “overweight” rating in a research note on Thursday, August 4th. RBC Capital Markets reiterated a “sector perform” rating and set a $282.00 target price (up from $255.00) on shares of IntercontinentalExchange Group in a research note on Thursday, August 4th. Finally, Keefe, Bruyette & Woods increased their target price on IntercontinentalExchange Group from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $292.58.

The firm has a market cap of $32.66 billion and a P/E ratio of 23.424. The company’s 50-day moving average price is $272.30 and its 200 day moving average price is $254.25.

IntercontinentalExchange Group (NYSE:ICE) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $3.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.38 by $0.05. The business earned $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the firm earned $2.90 earnings per share. The business’s quarterly revenue was up 41.7% on a year-over-year basis. On average, equities research analysts predict that IntercontinentalExchange Group Inc. will post $13.89 EPS 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 that occurred 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 transaction, the chief executive officer now directly owns 313,444 shares of the company’s stock, valued at approximately $78,972,215.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jean Marc Forneri sold 5,800 shares of IntercontinentalExchange Group 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 directly owns 11,070 shares in the company, valued at $2,910,856.50. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have modified their holdings of the company. American International Group Inc. raised its stake 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 valued at $12,821,000 after buying an additional 161 shares during the last quarter. State of Tennessee Treasury Department raised its stake 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 valued at $12,911,000 after buying an additional 11,944 shares during the last quarter. BlackRock Advisors LLC raised its stake 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 valued at $22,538,000 after buying an additional 32,467 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of IntercontinentalExchange Group by 4.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 296,133 shares of the company’s stock valued at $75,888,000 after buying an additional 12,660 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.