Miles Capital Inc. decreased its position in Intercontinental Exchange Inc (NYSE:ICE) by 2.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 22,797 shares of the financial services provider’s stock after selling 613 shares during the period. Intercontinental Exchange comprises 1.5% of Miles Capital Inc.’s portfolio, making the stock its 9th biggest position. Miles Capital Inc.’s holdings in Intercontinental Exchange were worth $1,736,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ICE. CWM LLC raised its stake in shares of Intercontinental Exchange by 6.4% during the 1st quarter. CWM LLC now owns 2,138 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 128 shares in the last quarter. Chemical Bank increased its holdings in shares of Intercontinental Exchange by 0.5% during the 1st quarter. Chemical Bank now owns 27,993 shares of the financial services provider’s stock worth $2,131,000 after acquiring an additional 129 shares during the last quarter. Allred Capital Management LLC increased its holdings in shares of Intercontinental Exchange by 4.0% during the 1st quarter. Allred Capital Management LLC now owns 3,489 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 133 shares during the last quarter. Rosenbaum Jay D. increased its holdings in shares of Intercontinental Exchange by 1.8% during the 1st quarter. Rosenbaum Jay D. now owns 7,975 shares of the financial services provider’s stock worth $607,000 after acquiring an additional 140 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Intercontinental Exchange by 46.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 460 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.
A number of research analysts recently weighed in on ICE shares. ValuEngine raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Bank of America set a $85.00 target price on Intercontinental Exchange and gave the stock a “buy” rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $85.50 target price on shares of Intercontinental Exchange in a report on Monday, February 11th. Deutsche Bank decreased their target price on Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating on the stock in a report on Friday, March 15th. Finally, Wells Fargo & Co reissued a “hold” rating on shares of Intercontinental Exchange in a report on Thursday, February 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $85.55.
NYSE ICE traded down $0.25 on Thursday, reaching $80.87. The stock had a trading volume of 16,047 shares, compared to its average volume of 2,301,037. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange Inc has a 1-year low of $69.33 and a 1-year high of $82.65. The firm has a market cap of $45.74 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 2.66 and a beta of 0.50.
Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.98%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm posted $0.90 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts anticipate that Intercontinental Exchange Inc will post 3.74 earnings per share for the current fiscal year.
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Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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