Osborn Williams & Donohoe LLC Continues to Hold Position in Intercontinental Exchange Inc. (ICE)

Osborn Williams & Donohoe LLC held its stake in Intercontinental Exchange Inc. (NYSE:ICE) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,250 shares of the financial services provider’s stock at the end of the second quarter. Osborn Williams & Donohoe LLC’s holdings in Intercontinental Exchange were worth $1,203,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ICE. BlackRock Inc. boosted its stake in shares of Intercontinental Exchange by 2,943.4% in the first quarter. BlackRock Inc. now owns 35,050,179 shares of the financial services provider’s stock worth $2,098,452,000 after buying an additional 33,898,484 shares during the period. OppenheimerFunds Inc. boosted its stake in shares of Intercontinental Exchange by 340.8% in the first quarter. OppenheimerFunds Inc. now owns 5,641,157 shares of the financial services provider’s stock worth $337,737,000 after buying an additional 4,361,480 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Intercontinental Exchange by 379.4% in the fourth quarter. Macquarie Group Ltd. now owns 3,398,113 shares of the financial services provider’s stock worth $191,722,000 after buying an additional 2,689,297 shares during the period. FMR LLC boosted its stake in shares of Intercontinental Exchange by 19.3% in the first quarter. FMR LLC now owns 8,929,000 shares of the financial services provider’s stock worth $534,580,000 after buying an additional 1,443,992 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Intercontinental Exchange by 3.8% in the first quarter. Vanguard Group Inc. now owns 39,318,668 shares of the financial services provider’s stock worth $2,354,009,000 after buying an additional 1,425,397 shares during the period. Institutional investors own 89.44% of the company’s stock.

Intercontinental Exchange Inc. (NYSE ICE) traded up 1.12% during midday trading on Friday, hitting $66.58. 2,283,550 shares of the company were exchanged. The firm has a market capitalization of $7.66 billion, a PE ratio of 25.71 and a beta of 0.71. The stock has a 50 day moving average of $64.71 and a 200 day moving average of $60.50. Intercontinental Exchange Inc. has a 1-year low of $52.22 and a 1-year high of $67.33.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Wednesday, May 3rd. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Intercontinental Exchange had a net margin of 26.48% and a return on equity of 10.67%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.68 EPS. On average, equities analysts predict that Intercontinental Exchange Inc. will post $3.01 earnings per share for the current fiscal year.

A number of brokerages have commented on ICE. Jefferies Group LLC reaffirmed a “buy” rating and set a $73.00 price target (up previously from $70.00) on shares of Intercontinental Exchange in a research report on Monday, July 17th. Zacks Investment Research upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Thursday, July 13th. Royal Bank Of Canada upgraded shares of Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $65.00 to $70.00 in a report on Thursday, July 13th. Citigroup Inc. started coverage on shares of Intercontinental Exchange in a report on Wednesday, July 12th. They set a “neutral” rating and a $67.00 price objective on the stock. Finally, BidaskClub lowered shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Intercontinental Exchange currently has a consensus rating of “Buy” and a consensus price target of $67.49.

In related news, insider Charles A. Vice sold 15,000 shares of Intercontinental Exchange stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $60.53, for a total transaction of $907,950.00. Following the completion of the transaction, the insider now directly owns 373,061 shares of the company’s stock, valued at approximately $22,581,382.33. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Scott A. Hill sold 17,000 shares of Intercontinental Exchange stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $65.00, for a total transaction of $1,105,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 168,889 shares of company stock valued at $10,350,825. 1.50% of the stock is currently owned by corporate insiders.

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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