Ingalls & Snyder LLC decreased its position in Intercontinental Exchange Inc. (NYSE:ICE) by 2.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 106,305 shares of the financial services provider’s stock after selling 2,920 shares during the period. Ingalls & Snyder LLC owned 0.09% of Intercontinental Exchange worth $7,008,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Chevy Chase Trust Holdings Inc. boosted its stake in Intercontinental Exchange by 2.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 595,642 shares of the financial services provider’s stock worth $35,661,000 after buying an additional 14,620 shares in the last quarter. CENTRAL TRUST Co boosted its stake in Intercontinental Exchange by 33.2% in the first quarter. CENTRAL TRUST Co now owns 4,415 shares of the financial services provider’s stock worth $264,000 after buying an additional 1,100 shares in the last quarter. Creative Planning boosted its stake in Intercontinental Exchange by 10.8% in the first quarter. Creative Planning now owns 8,526 shares of the financial services provider’s stock worth $510,000 after buying an additional 832 shares in the last quarter. Trust Co. of Oklahoma boosted its stake in Intercontinental Exchange by 1.6% in the first quarter. Trust Co. of Oklahoma now owns 11,320 shares of the financial services provider’s stock worth $678,000 after buying an additional 181 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. boosted its stake in Intercontinental Exchange by 1.0% in the first quarter. Stock Yards Bank & Trust Co. now owns 189,239 shares of the financial services provider’s stock worth $11,330,000 after buying an additional 1,783 shares in the last quarter. Institutional investors own 89.59% of the company’s stock.

Intercontinental Exchange Inc. (NYSE ICE) opened at 64.82 on Friday. The company’s 50-day moving average is $65.64 and its 200-day moving average is $61.09. Intercontinental Exchange Inc. has a 52-week low of $52.27 and a 52-week high of $67.48. The company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 25.03 and a beta of 0.71.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.75 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.75. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. On average, analysts expect that Intercontinental Exchange Inc. will post $2.98 earnings per share for the current fiscal year.

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ICE has been the subject of a number of research reports. Jefferies Group LLC restated a “buy” rating and set a $70.00 target price on shares of Intercontinental Exchange in a research note on Monday, April 10th. Zacks Investment Research raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $65.50 price target on shares of Intercontinental Exchange in a research report on Wednesday, April 12th. Royal Bank Of Canada set a $61.00 price target on shares of Intercontinental Exchange and gave the stock a “hold” rating in a research report on Thursday, April 20th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $66.00 price target (down from $67.00) on shares of Intercontinental Exchange in a research report on Monday, May 15th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Intercontinental Exchange has a consensus rating of “Buy” and a consensus price target of $67.49.

In other news, Director William Jefferson Hague sold 1,150 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $59.94, for a total value of $68,931.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Charles A. Vice sold 15,000 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $60.37, for a total transaction of $905,550.00. Following the completion of the sale, the insider now directly owns 384,971 shares in the company, valued at $23,240,699.27. The disclosure for this sale can be found here. Over the last three months, insiders sold 166,389 shares of company stock worth $10,279,500. Insiders own 1.50% of the company’s stock.

Intercontinental Exchange 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.

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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