Advisor Partners LLC increased its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 53.9% during the second quarter, Holdings Channel reports. The fund owned 17,394 shares of the financial services provider’s stock after buying an additional 6,092 shares during the period. Advisor Partners LLC’s holdings in Intercontinental Exchange were worth $1,147,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. IFP Advisors Inc boosted its stake in Intercontinental Exchange by 62.9% in the second quarter. IFP Advisors Inc now owns 14,224 shares of the financial services provider’s stock worth $938,000 after buying an additional 5,493 shares during the last quarter. Korea Investment CORP boosted its stake in Intercontinental Exchange by 53.2% in the second quarter. Korea Investment CORP now owns 507,175 shares of the financial services provider’s stock worth $33,433,000 after buying an additional 176,089 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in Intercontinental Exchange by 4.6% in the second quarter. Candriam Luxembourg S.C.A. now owns 39,218 shares of the financial services provider’s stock worth $2,585,000 after buying an additional 1,726 shares during the last quarter. United Bank boosted its stake in Intercontinental Exchange by 12.3% in the second quarter. United Bank now owns 21,044 shares of the financial services provider’s stock worth $1,387,000 after buying an additional 2,311 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Intercontinental Exchange by 2.9% in the second quarter. Sei Investments Co. now owns 838,702 shares of the financial services provider’s stock worth $55,287,000 after buying an additional 23,666 shares during the last quarter. Institutional investors own 89.50% of the company’s stock.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 earnings per share.

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A number of equities research analysts have issued reports on the company. Zacks Investment Research cut Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Group LLC reiterated a “buy” rating and issued a $73.00 target price (up from $70.00) on shares of Intercontinental Exchange in a research note on Monday, July 17th. Royal Bank Of Canada upgraded Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $65.00 to $70.00 in a research note on Thursday, July 13th. Citigroup Inc. assumed coverage on Intercontinental Exchange in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 target price on the stock. Finally, BidaskClub cut Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $67.49.

In other Intercontinental Exchange news, insider Charles A. Vice sold 12,500 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $66.93, for a total value of $836,625.00. Following the transaction, the insider now owns 382,471 shares of the company’s stock, valued at $25,598,784.03. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Charles A. Vice sold 15,000 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $60.37, for a total value of $905,550.00. Following the completion of the transaction, the insider now directly owns 384,971 shares in the company, valued at approximately $23,240,699.27. The disclosure for this sale can be found here. In 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.

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

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