BTC Capital Management Inc. lowered its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,186 shares of the financial services provider’s stock after selling 10 shares during the period. BTC Capital Management Inc.’s holdings in Intercontinental Exchange were worth $1,199,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of ICE. Guardian Life Insurance Co. of America boosted its position in Intercontinental Exchange by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,298 shares of the financial services provider’s stock worth $138,000 after buying an additional 16 shares during the last quarter. Emerald Advisers Inc. PA boosted its position in Intercontinental Exchange by 0.3% in the first quarter. Emerald Advisers Inc. PA now owns 12,720 shares of the financial services provider’s stock worth $762,000 after buying an additional 39 shares during the last quarter. FCG Advisors LLC boosted its position in Intercontinental Exchange by 1.1% in the first quarter. FCG Advisors LLC now owns 6,125 shares of the financial services provider’s stock worth $367,000 after buying an additional 65 shares during the last quarter. Aspen Investment Management Inc boosted its position in Intercontinental Exchange by 0.8% in the first quarter. Aspen Investment Management Inc now owns 8,770 shares of the financial services provider’s stock worth $525,000 after buying an additional 70 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Intercontinental Exchange by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 36,700 shares of the financial services provider’s stock worth $2,419,000 after buying an additional 100 shares during the last quarter. Institutional investors own 89.50% of the company’s stock.

Shares of Intercontinental Exchange Inc. (NYSE:ICE) opened at 65.16 on Friday. Intercontinental Exchange Inc. has a 12 month low of $52.27 and a 12 month high of $67.48. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 24.14 and a beta of 0.71. The firm’s 50-day moving average price is $65.78 and its 200-day moving average price is $61.42.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.75 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.75. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. Equities research analysts expect that Intercontinental Exchange Inc. will post $2.95 EPS for the current year.

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A number of equities analysts recently issued reports on the company. BidaskClub cut Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Thursday, July 13th. Royal Bank Of Canada upgraded Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $65.00 to $70.00 in a report on Thursday, July 13th. Jefferies Group LLC restated a “buy” rating and set a $73.00 price objective (up previously from $70.00) on shares of Intercontinental Exchange in a report on Monday, July 17th. Finally, Citigroup Inc. assumed coverage on Intercontinental Exchange in a report on Wednesday, July 12th. They set a “neutral” rating and a $67.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Intercontinental Exchange has a consensus rating of “Buy” and an average target price of $67.49.

In other news, insider Charles A. Vice sold 15,000 shares of Intercontinental Exchange stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $66.33, for a total transaction of $994,950.00. Following the sale, the insider now owns 384,971 shares in the company, valued at $25,535,126.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles A. Vice sold 12,500 shares of Intercontinental Exchange stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $66.93, for a total value of $836,625.00. Following the sale, the insider now owns 382,471 shares in the company, valued at approximately $25,598,784.03. The disclosure for this sale can be found here. Insiders have sold 166,389 shares of company stock worth $10,279,500 in the last quarter. 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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