Honeywell International Inc. maintained its stake in Intercontinental Exchange Inc. (NYSE:ICE) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 499,300 shares of the financial services provider’s stock at the end of the second quarter. Intercontinental Exchange makes up 1.2% of Honeywell International Inc.’s portfolio, making the stock its 21st largest position. Honeywell International Inc. owned 0.43% of Intercontinental Exchange worth $32,914,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ICE. 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 valued at $938,000 after buying an additional 5,493 shares during the period. 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 valued at $33,433,000 after buying an additional 176,089 shares during the period. 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 valued at $2,585,000 after buying an additional 1,726 shares during the period. 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 valued at $1,387,000 after buying an additional 2,311 shares during the period. 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 valued at $55,287,000 after buying an additional 23,666 shares during the period. 89.50% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Inc. (ICE) opened at 64.82 on Monday. 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 PE ratio of 25.03 and a beta of 0.71. The firm has a 50-day moving average of $65.64 and a 200-day moving average of $61.09.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.75. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company posted $0.69 EPS. The company’s revenue was up 4.3% on a year-over-year basis. Equities analysts expect that Intercontinental Exchange Inc. will post $2.95 earnings per share for the current fiscal year.

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Several research firms have recently commented on ICE. Zacks Investment Research cut shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Group LLC reissued a “buy” rating and set a $73.00 price target (up from $70.00) on shares of Intercontinental Exchange in a research note on Monday, July 17th. Royal Bank Of Canada raised shares of Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $65.00 to $70.00 in a research note on Thursday, July 13th. Citigroup Inc. began coverage on shares of Intercontinental Exchange in a research note on Wednesday, July 12th. They set a “neutral” rating and a $67.00 price target on the stock. Finally, BidaskClub cut shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Intercontinental Exchange presently has an average rating of “Buy” and a consensus price target of $67.49.

In other Intercontinental Exchange news, Director Jean Marc Forneri sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $58.27, for a total value of $349,620.00. Following the completion of the transaction, the director now directly owns 47,350 shares in the company, valued at approximately $2,759,084.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Charles R. Crisp sold 3,365 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $58.65, for a total transaction of $197,357.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 166,389 shares of company stock valued at $10,279,500. Corporate 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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