Proffitt & Goodson Inc. Has $1.15 Million Holdings in Intercontinental Exchange Inc (NYSE:ICE)

Proffitt & Goodson Inc. reduced its holdings in Intercontinental Exchange Inc (NYSE:ICE) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,338 shares of the financial services provider’s stock after selling 388 shares during the quarter. Proffitt & Goodson Inc.’s holdings in Intercontinental Exchange were worth $1,146,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC lifted its holdings in Intercontinental Exchange by 63.8% during the 1st quarter. Lazard Asset Management LLC now owns 12,800,711 shares of the financial services provider’s stock worth $974,645,000 after buying an additional 4,986,008 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Intercontinental Exchange by 2.9% during the 1st quarter. Janus Henderson Group PLC now owns 11,776,528 shares of the financial services provider’s stock worth $896,651,000 after buying an additional 333,709 shares in the last quarter. Northern Trust Corp lifted its holdings in Intercontinental Exchange by 2.3% during the 1st quarter. Northern Trust Corp now owns 10,964,061 shares of the financial services provider’s stock worth $834,803,000 after buying an additional 248,097 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Intercontinental Exchange by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 6,607,483 shares of the financial services provider’s stock worth $496,763,000 after buying an additional 440,954 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Intercontinental Exchange by 2.0% during the 1st quarter. Wells Fargo & Company MN now owns 5,102,288 shares of the financial services provider’s stock worth $388,489,000 after buying an additional 101,900 shares in the last quarter. 88.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Intercontinental Exchange stock traded up $1.22 on Friday, hitting $90.42. 2,635,040 shares of the company’s stock traded hands, compared to its average volume of 1,964,121. The firm has a 50-day moving average price of $88.39. The company has a market cap of $50.30 billion, a PE ratio of 25.19, a PEG ratio of 2.87 and a beta of 0.50. Intercontinental Exchange Inc has a one year low of $69.69 and a one year high of $92.31. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 0.40.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 1st. The financial services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.92 by $0.02. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Intercontinental Exchange had a net margin of 31.85% and a return on equity of 12.22%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. Research analysts expect that Intercontinental Exchange Inc will post 3.77 earnings per share for the current year.

In related news, CEO Jeffrey C. Sprecher sold 53,166 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $81.26, for a total value of $4,320,269.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Benjamin Jackson sold 1,455 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $80.49, for a total transaction of $117,112.95. Following the completion of the sale, the president now owns 76,749 shares of the company’s stock, valued at approximately $6,177,527.01. The disclosure for this sale can be found here. Insiders have sold a total of 164,525 shares of company stock valued at $14,014,576 in the last quarter. Corporate insiders own 1.50% of the company’s stock.

Several research analysts have issued reports on the company. Raymond James upped their price objective on Intercontinental Exchange from $89.00 to $94.00 and gave the stock an “outperform” rating in a report on Friday, July 5th. 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 price objective on Intercontinental Exchange and gave the stock a “buy” rating in a report on Tuesday, April 9th. Citigroup downgraded Intercontinental Exchange from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $92.00 to $99.00 in a report on Monday, July 22nd. Finally, Zacks Investment Research downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $88.21.

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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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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