Penobscot Investment Management Company Inc. raised its position in Intercontinental Exchange Inc. (NYSE:ICE) by 15.8% during the second quarter, Holdings Channel reports. The fund owned 41,680 shares of the financial services provider’s stock after buying an additional 5,680 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Intercontinental Exchange were worth $2,748,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Creative Planning increased its stake in shares of 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 during the last quarter. Bank of Montreal Can increased its stake in shares of Intercontinental Exchange by 106.1% in the first quarter. Bank of Montreal Can now owns 63,131 shares of the financial services provider’s stock worth $3,780,000 after buying an additional 32,502 shares during the last quarter. Palisade Capital Management LLC NJ increased its stake in shares of Intercontinental Exchange by 605.9% in the first quarter. Palisade Capital Management LLC NJ now owns 119,114 shares of the financial services provider’s stock worth $7,131,000 after buying an additional 102,239 shares during the last quarter. DnB Asset Management AS increased its stake in shares of Intercontinental Exchange by 5.7% in the first quarter. DnB Asset Management AS now owns 195,030 shares of the financial services provider’s stock worth $11,676,000 after buying an additional 10,600 shares during the last quarter. Finally, Boys Arnold & Co. Inc. increased its stake in shares of Intercontinental Exchange by 4.7% in the first quarter. Boys Arnold & Co. Inc. now owns 19,945 shares of the financial services provider’s stock worth $1,194,000 after buying an additional 900 shares during the last quarter. Institutional investors and hedge funds own 89.38% of the company’s stock.

Shares of Intercontinental Exchange Inc. (NYSE:ICE) opened at 65.15 on Friday. The company has a market cap of $7.50 billion, a P/E ratio of 24.14 and a beta of 0.71. Intercontinental Exchange Inc. has a 12-month low of $52.27 and a 12-month high of $67.48. The stock’s 50 day moving average price is $65.88 and its 200 day moving average price is $61.69.

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

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ICE has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $61.00 target price on Intercontinental Exchange and gave the stock a “hold” rating in a report on Thursday, April 20th. Deutsche Bank AG reiterated a “buy” rating and issued a $66.00 target price (down from $67.00) on shares of Intercontinental Exchange in a report on Monday, May 15th. BidaskClub upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Jefferies Group LLC restated a “buy” rating and set a $70.00 price objective on shares of Intercontinental Exchange in a report on Monday, June 26th. Finally, Citigroup Inc. started 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 equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $68.36.

In other news, CEO Jeffrey C. Sprecher sold 73,374 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $59.91, for a total value of $4,395,836.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Charles A. Vice sold 15,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $23,240,699.27. The disclosure for this sale can be found here. Insiders sold a total of 157,024 shares of company stock valued at $9,732,522 in the last three months. Corporate insiders own 1.50% of the company’s stock.

About Intercontinental Exchange

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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