Paloma Partners Management Co boosted its holdings in shares of Intercontinental Exchange Inc (NYSE:ICE) by 134.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,714 shares of the financial services provider’s stock after acquiring an additional 8,437 shares during the quarter. Paloma Partners Management Co’s holdings in Intercontinental Exchange were worth $1,082,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ICE. Cambridge Investment Research Advisors Inc. boosted its position in shares of Intercontinental Exchange by 62.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,545 shares of the financial services provider’s stock worth $1,055,000 after buying an additional 5,601 shares during the period. BlackRock Inc. boosted its position in shares of Intercontinental Exchange by 2.5% during the first quarter. BlackRock Inc. now owns 38,207,564 shares of the financial services provider’s stock worth $2,770,811,000 after buying an additional 935,860 shares during the period. Palisade Capital Management LLC NJ boosted its position in shares of Intercontinental Exchange by 4.2% during the first quarter. Palisade Capital Management LLC NJ now owns 126,539 shares of the financial services provider’s stock worth $9,177,000 after buying an additional 5,121 shares during the period. Candriam Luxembourg S.C.A. boosted its position in shares of Intercontinental Exchange by 35.9% during the first quarter. Candriam Luxembourg S.C.A. now owns 57,532 shares of the financial services provider’s stock worth $4,172,000 after buying an additional 15,207 shares during the period. Finally, BTC Capital Management Inc. boosted its position in shares of Intercontinental Exchange by 253.6% during the first quarter. BTC Capital Management Inc. now owns 47,874 shares of the financial services provider’s stock worth $3,474,000 after buying an additional 34,334 shares during the period. 88.48% of the stock is owned by institutional investors.

Several research analysts have recently commented on ICE shares. FIX started coverage on Intercontinental Exchange in a research report on Wednesday, September 5th. They set a “buy” rating and a $88.00 price target for the company. Citigroup raised their price target on Intercontinental Exchange from $76.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 18th. Zacks Investment Research upgraded Intercontinental Exchange from a “sell” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Wednesday, July 4th. Rosenblatt Securities started coverage on Intercontinental Exchange in a research report on Wednesday, September 5th. They set a “buy” rating and a $88.00 price target for the company. Finally, Barclays raised their price target on Intercontinental Exchange from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, July 12th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $81.44.

NYSE:ICE opened at $78.18 on Wednesday. The firm has a market capitalization of $44.71 billion, a P/E ratio of 26.50, a P/E/G ratio of 2.27 and a beta of 0.64. Intercontinental Exchange Inc has a 12-month low of $64.91 and a 12-month high of $78.48. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.25.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, August 2nd. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.01. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.24 billion. Intercontinental Exchange had a return on equity of 11.45% and a net margin of 41.83%. Intercontinental Exchange’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.75 earnings per share. equities research analysts predict that Intercontinental Exchange Inc will post 3.48 earnings per share for the current year.

In other Intercontinental Exchange news, insider David S. Goone sold 10,402 shares of Intercontinental Exchange stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $78.01, for a total transaction of $811,460.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mark Wassersug sold 7,898 shares of Intercontinental Exchange stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $77.79, for a total value of $614,385.42. Following the sale, the chief operating officer now directly owns 36,977 shares of the company’s stock, valued at $2,876,440.83. The disclosure for this sale can be found here. Over the last quarter, insiders sold 299,017 shares of company stock valued at $22,391,283. 1.50% of the stock is currently owned by company insiders.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.

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

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