Strs Ohio increased its position in shares of Intercontinental Exchange Inc (NYSE:ICE) by 1.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 709,315 shares of the financial services provider’s stock after buying an additional 13,420 shares during the quarter. Strs Ohio owned 0.13% of Intercontinental Exchange worth $60,958,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Carroll Financial Associates Inc. grew its stake in Intercontinental Exchange by 51.3% in the second quarter. Carroll Financial Associates Inc. now owns 360 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 122 shares in the last quarter. Arlington Partners LLC bought a new position in Intercontinental Exchange in the second quarter valued at approximately $34,000. Pittenger & Anderson Inc. bought a new position in Intercontinental Exchange in the first quarter valued at approximately $44,000. SevenBridge Financial Group LLC bought a new position in Intercontinental Exchange in the second quarter valued at approximately $46,000. Finally, Cullen Frost Bankers Inc. bought a new position in Intercontinental Exchange in the first quarter valued at approximately $69,000. Institutional investors and hedge funds own 89.04% of the company’s stock.
A number of research firms have weighed in on ICE. Zacks Investment Research downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. ValuEngine upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Raymond James lifted their target price on Intercontinental Exchange from $89.00 to $94.00 and gave the stock an “outperform” rating in a research note on Friday, July 5th. Bank of America set a $85.00 target price on Intercontinental Exchange and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Finally, Citigroup downgraded Intercontinental Exchange from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $92.00 to $99.00 in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $88.21.
Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 1st. The financial services provider reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.02. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.85%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the company posted $0.90 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities analysts forecast that Intercontinental Exchange Inc will post 3.77 EPS for the current fiscal year.
In related news, CEO Jeffrey C. Sprecher sold 53,166 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $81.26, for a total transaction of $4,320,269.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vincent Tese sold 2,000 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $81.87, for a total value of $163,740.00. Following the sale, the director now directly owns 35,004 shares of the company’s stock, valued at $2,865,777.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,525 shares of company stock valued at $14,014,576. 1.50% of the stock is currently owned by insiders.
Intercontinental Exchange 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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