Bbva Compass Bancshares Inc. lowered its stake in IntercontinentalExchange Group Inc. (NYSE:ICE) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,878 shares of the company’s stock after selling 569 shares during the period. Bbva Compass Bancshares Inc.’s holdings in IntercontinentalExchange Group were worth $2,528,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ICE. Nordea Investment Management AB increased its position in shares of IntercontinentalExchange Group by 525.5% in the second quarter. Nordea Investment Management AB now owns 1,010,715 shares of the company’s stock valued at $258,703,000 after buying an additional 849,132 shares during the last quarter. Montag & Caldwell LLC increased its position in shares of IntercontinentalExchange Group by 7,279.1% in the second quarter. Montag & Caldwell LLC now owns 336,559 shares of the company’s stock valued at $86,146,000 after buying an additional 331,998 shares during the last quarter. Wellington Management Group LLP increased its position in shares of IntercontinentalExchange Group by 12.6% in the first quarter. Wellington Management Group LLP now owns 2,864,823 shares of the company’s stock valued at $673,634,000 after buying an additional 319,612 shares during the last quarter. Carmignac Gestion increased its position in shares of IntercontinentalExchange Group by 12.0% in the second quarter. Carmignac Gestion now owns 2,633,120 shares of the company’s stock valued at $673,973,000 after buying an additional 282,595 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of IntercontinentalExchange Group by 26.8% in the second quarter. American Century Companies Inc. now owns 1,105,774 shares of the company’s stock valued at $283,034,000 after buying an additional 233,988 shares during the last quarter. 90.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of IntercontinentalExchange Group Inc. (NYSE:ICE) traded up 1.99% during mid-day trading on Friday, reaching $271.87. The company’s stock had a trading volume of 384,096 shares. IntercontinentalExchange Group Inc. has a 12 month low of $227.22 and a 12 month high of $287.02. The company has a 50-day moving average of $276.35 and a 200-day moving average of $262.11. The company has a market cap of $31.28 billion, a P/E ratio of 22.43 and a beta of 0.92. IntercontinentalExchange Group’s stock is scheduled to split on the morning of Friday, November 4th. The 5-1 split was announced on Wednesday, October 12th. The newly minted shares will be payable to shareholders after the market closes on Thursday, November 3rd.
IntercontinentalExchange Group (NYSE:ICE) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $3.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.38 by $0.05. IntercontinentalExchange Group had a return on equity of 10.72% and a net margin of 25.83%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the firm earned $2.90 earnings per share. The company’s revenue for the quarter was up 41.7% compared to the same quarter last year. Equities research analysts forecast that IntercontinentalExchange Group Inc. will post $13.80 earnings per share for the current fiscal year.
Several research analysts have commented on ICE shares. Zacks Investment Research raised IntercontinentalExchange Group from a “sell” rating to a “hold” rating in a report on Friday, June 24th. Keefe, Bruyette & Woods boosted their price objective on IntercontinentalExchange Group from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Barclays PLC reissued an “overweight” rating and issued a $307.00 price objective (up from $295.00) on shares of IntercontinentalExchange Group in a research note on Thursday, August 11th. Deutsche Bank AG boosted their price objective on IntercontinentalExchange Group from $310.00 to $311.00 and gave the company a “buy” rating in a research note on Friday, September 9th. Finally, Royal Bank Of Canada boosted their price objective on IntercontinentalExchange Group from $255.00 to $282.00 and gave the company a “sector perform” rating in a research note on Thursday, August 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $297.33.
In other news, CEO Jeffrey C. Sprecher sold 25,275 shares of the stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $270.49, for a total transaction of $6,836,634.75. Following the completion of the sale, the chief executive officer now directly owns 313,445 shares in the company, valued at $84,783,738.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Charles A. Vice sold 1,500 shares of the stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $267.55, for a total transaction of $401,325.00. Following the sale, the insider now owns 61,483 shares of the company’s stock, valued at $16,449,776.65. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.
IntercontinentalExchange Group Company Profile
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
Want to see what other hedge funds are holding ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IntercontinentalExchange Group Inc. (NYSE:ICE).
Receive News & Ratings for IntercontinentalExchange Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IntercontinentalExchange Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.