APG Asset Management N.V. raised its position in Intercontinental Exchange Inc. (NYSE:ICE) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,154,777 shares of the financial services provider’s stock after buying an additional 17,400 shares during the period. APG Asset Management N.V. owned 0.53% of Intercontinental Exchange worth $207,963,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its position in 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 valued at $2,098,452,000 after buying an additional 33,898,484 shares in the last quarter. OppenheimerFunds Inc. raised its position in Intercontinental Exchange by 340.8% in the first quarter. OppenheimerFunds Inc. now owns 5,641,157 shares of the financial services provider’s stock valued at $337,737,000 after buying an additional 4,361,480 shares in the last quarter. Macquarie Group Ltd. raised its position in 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 valued at $191,722,000 after buying an additional 2,689,297 shares in the last quarter. FMR LLC raised its position in Intercontinental Exchange by 19.3% in the first quarter. FMR LLC now owns 8,929,000 shares of the financial services provider’s stock valued at $534,580,000 after buying an additional 1,443,992 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in 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 valued at $2,354,009,000 after buying an additional 1,425,397 shares in the last quarter. 89.59% of the stock is currently owned by institutional investors and hedge funds.
Intercontinental Exchange Inc. (NYSE:ICE) traded up 0.578% during midday trading on Monday, reaching $66.965. 736,695 shares of the company traded hands. Intercontinental Exchange Inc. has a one year low of $52.22 and a one year high of $67.34. The stock’s 50 day moving average is $64.71 and its 200 day moving average is $60.50. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 25.855 and a beta of 0.71.
Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Intercontinental Exchange had a net margin of 26.48% and a return on equity of 10.67%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the business earned $3.68 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts anticipate that Intercontinental Exchange Inc. will post $3.01 earnings per share for the current year.
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Several equities analysts have commented on ICE shares. Royal Bank Of Canada started coverage on shares of Intercontinental Exchange in a report on Friday, March 31st. They issued a “sector perform” rating and a $60.00 target price on the stock. Zacks Investment Research upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Wednesday, April 5th. Jefferies Group LLC restated a “buy” rating and issued a $70.00 price target on shares of Intercontinental Exchange in a research note on Monday, April 10th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $65.50 price target on shares of Intercontinental Exchange in a research note on Wednesday, April 12th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $66.00 price target (down from $67.00) on shares of Intercontinental Exchange in a research note on Monday, May 15th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $67.49.
In other news, insider Charles A. Vice sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $60.53, for a total transaction of $907,950.00. Following the completion of the sale, the insider now owns 373,061 shares of the company’s stock, valued at $22,581,382.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Scott A. Hill sold 17,000 shares of the stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $65.00, for a total value of $1,105,000.00. The disclosure for this sale can be found here. Insiders have sold 168,889 shares of company stock worth $10,350,825 over the last quarter. 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.
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