Canandaigua National Bank & Trust Co. lowered its stake in IntercontinentalExchange Group Inc. (NYSE:ICE) by 8.6% during the second quarter, Holdings Channel reports. The firm owned 1,649 shares of the company’s stock after selling 156 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in IntercontinentalExchange Group were worth $422,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. D. Scott Neal Inc. increased its stake in IntercontinentalExchange Group by 100.0% in the second quarter. D. Scott Neal Inc. now owns 400 shares of the company’s stock valued at $102,000 after buying an additional 200 shares during the period. Invictus RG increased its stake in IntercontinentalExchange Group by 2,695.5% in the first quarter. Invictus RG now owns 615 shares of the company’s stock valued at $145,000 after buying an additional 593 shares during the period. Park Avenue Institutional Advisers LLC increased its stake in IntercontinentalExchange Group by 5.2% in the first quarter. Park Avenue Institutional Advisers LLC now owns 748 shares of the company’s stock valued at $176,000 after buying an additional 37 shares during the period. Independent Portfolio Consultants Inc. increased its stake in IntercontinentalExchange Group by 23.4% in the second quarter. Independent Portfolio Consultants Inc. now owns 765 shares of the company’s stock valued at $196,000 after buying an additional 145 shares during the period. Finally, Trust Co. of Toledo NA OH purchased a new stake in IntercontinentalExchange Group during the second quarter valued at about $233,000. 90.04% of the stock is currently owned by hedge funds and other institutional investors.

IntercontinentalExchange Group Inc. (NYSE:ICE) traded up 0.73% on Wednesday, reaching $282.26. 341,414 shares of the company’s stock were exchanged. The firm has a market capitalization of $32.47 billion, a price-to-earnings ratio of 23.29 and a beta of 0.84. The firm has a 50-day moving average of $280.34 and a 200-day moving average of $258.46. IntercontinentalExchange Group Inc. has a 12 month low of $223.49 and a 12 month high of $287.02.

IntercontinentalExchange Group (NYSE:ICE) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $3.43 earnings per share (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. IntercontinentalExchange Group had a net margin of 25.83% and a return on equity of 10.72%. IntercontinentalExchange Group’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.90 EPS. On average, equities analysts expect that IntercontinentalExchange Group Inc. will post $13.81 earnings per share for the current year.

Several equities research analysts recently issued reports on ICE shares. Deutsche Bank AG lifted their price target on shares of IntercontinentalExchange Group from $310.00 to $311.00 and gave the stock a “buy” rating in a research note on Friday, September 9th. Zacks Investment Research raised shares of IntercontinentalExchange Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. JPMorgan Chase & Co. raised shares of IntercontinentalExchange Group from a “not rated” rating to a “neutral” rating and set a $284.00 target price for the company in a research report on Wednesday, June 1st. Keefe, Bruyette & Woods boosted their target price on shares of IntercontinentalExchange Group from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. Finally, Barclays PLC boosted 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. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $293.17.

In other IntercontinentalExchange Group news, CEO Jeffrey C. Sprecher sold 24,606 shares of the stock in a transaction on Wednesday, June 29th. The shares were 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 of the company’s stock, valued at approximately $78,972,215.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Charles A. Vice sold 2,000 shares of the stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $278.79, for a total transaction of $557,580.00. Following the completion of the sale, the insider now directly owns 61,983 shares of the company’s stock, valued at $17,280,240.57. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

About IntercontinentalExchange Group

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.

5 Day Chart for NYSE:ICE

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