QS Investors LLC lifted its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 10.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,381 shares of the financial services provider’s stock after purchasing an additional 946 shares during the period. QS Investors LLC’s holdings in Intercontinental Exchange were worth $684,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Intercontinental Exchange by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 40,162,938 shares of the financial services provider’s stock worth $2,647,541,000 after purchasing an additional 844,270 shares during the last quarter. BlackRock Inc. grew its stake in shares of Intercontinental Exchange by 1.1% in the 2nd quarter. BlackRock Inc. now owns 35,446,221 shares of the financial services provider’s stock worth $2,336,613,000 after purchasing an additional 396,042 shares during the last quarter. State Street Corp grew its stake in shares of Intercontinental Exchange by 1.9% in the 1st quarter. State Street Corp now owns 25,648,056 shares of the financial services provider’s stock worth $1,535,555,000 after purchasing an additional 481,909 shares during the last quarter. Northern Trust Corp grew its stake in shares of Intercontinental Exchange by 19.9% in the 2nd quarter. Northern Trust Corp now owns 11,355,251 shares of the financial services provider’s stock worth $748,538,000 after purchasing an additional 1,883,432 shares during the last quarter. Finally, Carmignac Gestion grew its stake in shares of Intercontinental Exchange by 0.4% in the 2nd quarter. Carmignac Gestion now owns 10,375,555 shares of the financial services provider’s stock worth $683,957,000 after purchasing an additional 40,000 shares during the last quarter. 89.75% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “QS Investors LLC Acquires 946 Shares of Intercontinental Exchange Inc. (ICE)” was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.dailypolitical.com/2017/10/15/qs-investors-llc-acquires-946-shares-of-intercontinental-exchange-inc-ice.html.

Several equities analysts have recently issued reports on ICE shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Intercontinental Exchange in a research note on Monday, June 26th. BidaskClub downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Citigroup Inc. initiated coverage on shares of Intercontinental Exchange in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 target price on the stock. Royal Bank Of Canada raised shares of Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $65.00 to $70.00 in a research report on Thursday, July 13th. Finally, Zacks Investment Research raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Thursday, July 13th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $70.78.

Intercontinental Exchange Inc. (NYSE:ICE) opened at 69.39 on Friday. Intercontinental Exchange Inc. has a 12 month low of $52.27 and a 12 month high of $71.24. The company’s 50-day moving average is $67.21 and its 200-day moving average is $63.97. The stock has a market capitalization of $7.98 billion, a P/E ratio of 25.71 and a beta of 0.74.

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

In other news, CFO Scott A. Hill sold 37,630 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $70.03, for a total transaction of $2,635,228.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Charles A. Vice sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $66.93, for a total transaction of $836,625.00. Following the transaction, the insider now directly owns 382,471 shares of the company’s stock, valued at $25,598,784.03. The disclosure for this sale can be found here. Insiders have sold a total of 155,550 shares of company stock valued at $10,394,455 over the last ninety days. Company 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.

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

Receive News & Ratings for Intercontinental Exchange Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange Inc. and related companies with MarketBeat.com's FREE daily email newsletter.