Earnest Partners LLC boosted its position in shares of Intercontinental Exchange Inc (NYSE:ICE) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 791,918 shares of the financial services provider’s stock after acquiring an additional 15,139 shares during the period. Earnest Partners LLC’s holdings in Intercontinental Exchange were worth $68,057,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of ICE. Lazard Asset Management LLC lifted its position 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 valued at $974,645,000 after purchasing an additional 4,986,008 shares during the last quarter. Veritas Asset Management LLP bought a new stake in Intercontinental Exchange during the 2nd quarter valued at $414,300,000. Artisan Partners Limited Partnership raised its holdings in Intercontinental Exchange by 107.1% during the 1st quarter. Artisan Partners Limited Partnership now owns 4,378,312 shares of the financial services provider’s stock valued at $333,365,000 after buying an additional 2,264,702 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Intercontinental Exchange by 85.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,307,224 shares of the financial services provider’s stock valued at $99,532,000 after buying an additional 602,274 shares during the last quarter. Finally, TD Asset Management Inc. raised its holdings in Intercontinental Exchange by 91.9% during the 2nd quarter. TD Asset Management Inc. now owns 1,021,707 shares of the financial services provider’s stock valued at $87,806,000 after buying an additional 489,215 shares during the last quarter. 90.43% of the stock is owned by institutional investors.
A number of research firms recently commented on ICE. Citigroup lowered shares of Intercontinental Exchange from a “buy” rating to a “neutral” rating and upped their price target for the company from $92.00 to $99.00 in a report on Monday, July 22nd. Raymond James boosted their price objective on shares of Intercontinental Exchange from $89.00 to $94.00 and gave the company an “outperform” rating in a research report on Friday, July 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $88.25.
In other Intercontinental Exchange news, Vice Chairman Charles A. Vice sold 15,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $86.74, for a total transaction of $1,301,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $90.00, for a total transaction of $90,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 167,160 shares of company stock worth $15,261,966 over the last three months. 1.50% of the stock is currently owned by insiders.
Shares of ICE stock opened at $90.21 on Friday. Intercontinental Exchange Inc has a one year low of $69.69 and a one year high of $95.55. The company’s 50-day moving average is $91.57 and its 200 day moving average is $83.84. The company has a market capitalization of $50.50 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 2.92 and a beta of 0.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.00 and a current ratio of 1.00.
Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.02. Intercontinental Exchange had a net margin of 31.85% and a return on equity of 12.22%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm posted $0.90 EPS. Intercontinental Exchange’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, research analysts predict that Intercontinental Exchange Inc will post 3.77 earnings per share for the current fiscal year.
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.
Want to see what other hedge funds are holding ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intercontinental Exchange Inc (NYSE:ICE).
Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.