OLD National Bancorp IN continued to hold its stake in Intercontinental Exchange Inc. (NYSE:ICE) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,790 shares of the financial services provider’s stock at the end of the second quarter. OLD National Bancorp IN’s holdings in Intercontinental Exchange were worth $250,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its position in shares of Intercontinental Exchange by 6.6% in the first quarter. Ameriprise Financial Inc. now owns 7,031,455 shares of the financial services provider’s stock worth $420,922,000 after buying an additional 434,968 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Intercontinental Exchange during the first quarter worth $1,836,000. Quadrature Capital Ltd acquired a new position in shares of Intercontinental Exchange during the fourth quarter worth $7,800,000. Quest Investment Management LLC acquired a new position in shares of Intercontinental Exchange during the first quarter worth $2,837,000. Finally, Liberty Capital Management Inc. boosted its position in shares of Intercontinental Exchange by 58.7% in the first quarter. Liberty Capital Management Inc. now owns 11,644 shares of the financial services provider’s stock worth $697,000 after buying an additional 4,309 shares during the period. Institutional investors own 89.59% of the company’s stock.
Intercontinental Exchange Inc. (NYSE ICE) traded down 0.6158% on Wednesday, reaching $66.8657. 1,154,520 shares of the company’s stock traded hands. The firm’s 50-day moving average is $65.64 and its 200 day moving average is $61.09. Intercontinental Exchange Inc. has a 52-week low of $52.27 and a 52-week high of $67.48. The stock has a market capitalization of $7.69 billion, a PE ratio of 25.8169 and a beta of 0.71.
Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Intercontinental Exchange had a return on equity of 10.67% and a net margin of 26.48%. 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 EPS. The business’s revenue was up .9% on a year-over-year basis. Analysts forecast that Intercontinental Exchange Inc. will post $3.01 EPS for the current year.
A number of brokerages have weighed in on ICE. Deutsche Bank AG reiterated a “buy” rating and issued a $66.00 price target (down previously from $67.00) on shares of Intercontinental Exchange in a report on Monday, May 15th. Zacks Investment Research upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Royal Bank Of Canada upgraded shares of Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $65.00 to $70.00 in a report on Thursday, July 13th. Jefferies Group LLC restated a “buy” rating and set a $70.00 target price on shares of Intercontinental Exchange in a report on Monday, June 26th. 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. The stock has a consensus rating of “Buy” and an average target price of $67.49.
In other Intercontinental Exchange news, Director Jean Marc Forneri sold 6,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $58.27, for a total value of $349,620.00. Following the completion of the transaction, the director now owns 47,350 shares in the company, valued at approximately $2,759,084.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Charles A. Vice sold 15,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $60.37, for a total value of $905,550.00. Following the completion of the transaction, the insider now owns 384,971 shares of the company’s stock, valued at approximately $23,240,699.27. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 153,889 shares of company stock valued at $9,442,875. 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.
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