Teachers Advisors LLC boosted its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,114,845 shares of the financial services provider’s stock after purchasing an additional 50,172 shares during the period. Teachers Advisors LLC owned about 0.19% of Intercontinental Exchange worth $73,491,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ICE. Thompson Davis & CO. Inc. lifted its position in Intercontinental Exchange by 2.2% during the second quarter. Thompson Davis & CO. Inc. now owns 1,517 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 32 shares during the period. Norway Savings Bank lifted its position in Intercontinental Exchange by 16.7% during the second quarter. Norway Savings Bank now owns 1,640 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 235 shares during the period. Bessemer Group Inc. lifted its position in Intercontinental Exchange by 186.5% during the second quarter. Bessemer Group Inc. now owns 1,905 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 1,240 shares during the period. Shine Investment Advisory Services Inc. bought a new position in Intercontinental Exchange during the second quarter valued at approximately $128,000. Finally, Guardian Life Insurance Co. of America lifted its position in Intercontinental Exchange by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,298 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 16 shares during the period. Institutional investors own 89.74% of the company’s stock.

Intercontinental Exchange Inc. (ICE) opened at 66.14 on Friday. The firm has a 50-day moving average of $65.43 and a 200 day moving average of $62.63. 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 $7.61 billion, a P/E ratio of 24.51 and a beta of 0.72.

Intercontinental Exchange (NYSE:ICE) last released its quarterly 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. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate 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 company posted $0.69 EPS. Equities analysts predict that Intercontinental Exchange Inc. will post $2.94 earnings per share for the current fiscal year.

Several research analysts have weighed in on ICE shares. Zacks Investment Research downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Tuesday. Royal Bank Of Canada reiterated a “buy” rating on shares of Intercontinental Exchange in a research report on Tuesday, August 15th. Barclays PLC started coverage on shares of Intercontinental Exchange in a research report on Friday, September 8th. They issued an “overweight” rating and a $72.00 price target on the stock. BidaskClub downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $73.00 price target (up from $70.00) on shares of Intercontinental Exchange in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $68.81.

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In related news, insider Charles A. Vice sold 15,000 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $66.33, for a total value of $994,950.00. Following the completion of the transaction, the insider now owns 384,971 shares of the company’s stock, valued at approximately $25,535,126.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles A. Vice sold 12,500 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $64.32, for a total transaction of $804,000.00. Following the completion of the transaction, the insider now directly owns 382,471 shares of the company’s stock, valued at approximately $24,600,534.72. The disclosure for this sale can be found here. Insiders have sold a total of 137,420 shares of company stock valued at $8,987,176 in the last ninety days. 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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