Rosenbaum Jay D. boosted its position in shares of Intercontinental Exchange Inc (NYSE:ICE) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,215 shares of the financial services provider’s stock after purchasing an additional 240 shares during the period. Rosenbaum Jay D.’s holdings in Intercontinental Exchange were worth $705,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of ICE. Lazard Asset Management LLC raised its stake in Intercontinental Exchange by 63.8% during the first quarter. Lazard Asset Management LLC now owns 12,800,711 shares of the financial services provider’s stock worth $974,645,000 after purchasing an additional 4,986,008 shares during the period. Artisan Partners Limited Partnership raised its stake in Intercontinental Exchange by 107.1% during the first quarter. Artisan Partners Limited Partnership now owns 4,378,312 shares of the financial services provider’s stock worth $333,365,000 after purchasing an additional 2,264,702 shares during the period. Investec Asset Management LTD purchased a new position in Intercontinental Exchange during the first quarter worth about $80,000,000. The Manufacturers Life Insurance Company raised its stake in Intercontinental Exchange by 85.4% during the first quarter. The Manufacturers Life Insurance Company now owns 1,307,224 shares of the financial services provider’s stock worth $99,532,000 after purchasing an additional 602,274 shares during the period. Finally, TD Asset Management Inc. raised its stake in Intercontinental Exchange by 91.9% during the second quarter. TD Asset Management Inc. now owns 1,021,707 shares of the financial services provider’s stock worth $87,806,000 after purchasing an additional 489,215 shares during the period. 89.41% of the stock is currently owned by institutional investors.
Shares of Intercontinental Exchange stock traded up $1.21 on Thursday, reaching $90.48. The company had a trading volume of 44,075 shares, compared to its average volume of 2,087,544. The business has a 50 day simple moving average of $89.70. The stock has a market cap of $50.76 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 2.93 and a beta of 0.50. Intercontinental Exchange Inc has a 52-week low of $69.69 and a 52-week high of $93.40. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.40.
Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.02. The firm 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 quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 earnings per share. Analysts anticipate that Intercontinental Exchange Inc will post 3.78 EPS for the current fiscal year.
ICE has been the topic of a number of research analyst reports. Raymond James boosted their price target on shares of Intercontinental Exchange from $89.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday, July 5th. Citigroup downgraded shares of Intercontinental Exchange from a “buy” rating to a “neutral” rating and boosted their price target for the company from $92.00 to $99.00 in a research note on Monday, July 22nd. Finally, ValuEngine raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. 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 company. The company presently has a consensus rating of “Buy” and a consensus target price of $88.21.
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 shares were sold at an average price of $81.26, for a total value of $4,320,269.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott A. Hill sold 33,875 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $90.06, for a total transaction of $3,050,782.50. The disclosure for this sale can be found here. Insiders sold 179,966 shares of company stock valued at $15,414,996 in the last 90 days. Company insiders own 1.50% of the company’s stock.
About Intercontinental Exchange
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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