Commerce Bank decreased its position in shares of IntercontinentalExchange Group Inc. (NYSE:ICE) by 12.1% during the third quarter, Holdings Channel reports. The firm owned 4,881 shares of the company’s stock after selling 674 shares during the period. Commerce Bank’s holdings in IntercontinentalExchange Group were worth $1,315,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ICE. Bank of New York Mellon Corp boosted its position in shares of IntercontinentalExchange Group by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 3,112,039 shares of the company’s stock worth $796,555,000 after buying an additional 110,531 shares during the period. Carmignac Gestion boosted its position in shares of IntercontinentalExchange Group by 1.1% in the third quarter. Carmignac Gestion now owns 2,661,720 shares of the company’s stock worth $716,961,000 after buying an additional 28,600 shares during the period. Neuberger Berman Group LLC boosted its position in shares of IntercontinentalExchange Group by 11.5% in the second quarter. Neuberger Berman Group LLC now owns 1,637,694 shares of the company’s stock worth $419,184,000 after buying an additional 168,569 shares during the period. American Century Companies Inc. boosted its position in shares of IntercontinentalExchange Group by 26.8% in the second quarter. American Century Companies Inc. now owns 1,105,774 shares of the company’s stock worth $283,034,000 after buying an additional 233,988 shares during the period. Finally, Cantillon Capital Management LLC boosted its position in shares of IntercontinentalExchange Group by 2.1% in the second quarter. Cantillon Capital Management LLC now owns 1,038,882 shares of the company’s stock worth $265,913,000 after buying an additional 21,450 shares during the period. 17.77% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for IntercontinentalExchange Group (NYSE:ICE)

IntercontinentalExchange Group Inc. (NYSE:ICE) traded up 1.41% during midday trading on Tuesday, reaching $54.84. 3,023,153 shares of the company traded hands. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 22.47 and a beta of 0.93. IntercontinentalExchange Group Inc. has a 12 month low of $45.44 and a 12 month high of $58.70. The firm’s 50 day moving average price is $54.17 and its 200 day moving average price is $53.80.

IntercontinentalExchange Group (NYSE:ICE) last posted its earnings results on Tuesday, November 1st. The company reported $3.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.22 by $0.01. IntercontinentalExchange Group had a net margin of 25.29% and a return on equity of 10.57%. The firm earned $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business posted $2.91 earnings per share. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. On average, analysts expect that IntercontinentalExchange Group Inc. will post $2.74 earnings per share for the current year.

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A number of equities research analysts recently weighed in on the stock. Jefferies Group raised their price target on shares of IntercontinentalExchange Group from $59.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, October 11th. Zacks Investment Research lowered shares of IntercontinentalExchange Group from a “hold” rating to a “sell” rating in a report on Friday, October 7th. Deutsche Bank AG boosted their price objective on shares of IntercontinentalExchange Group from $62.00 to $62.20 and gave the stock a “buy” rating in a report on Friday, September 9th. RBC Capital Markets reiterated a “sector perform” rating and issued a $56.40 price objective (up previously from $51.00) on shares of IntercontinentalExchange Group in a report on Thursday, August 4th. Finally, Barclays PLC boosted their price objective on shares of IntercontinentalExchange Group from $59.00 to $61.40 and gave the stock an “overweight” rating in a report 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. IntercontinentalExchange Group currently has a consensus rating of “Buy” and an average target price of $59.47.

In related news, insider Charles A. Vice sold 1,500 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $264.84, for a total value of $397,260.00. Following the transaction, the insider now directly owns 61,483 shares in the company, valued at approximately $16,283,157.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas W. Farley sold 1,900 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $283.03, for a total transaction of $537,757.00. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

IntercontinentalExchange Group Company Profile

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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