Aberdeen Asset Management PLC UK lowered its position in IntercontinentalExchange Group Inc. (NYSE:ICE) by 9.2% during the second quarter, Holdings Channel reports. The institutional investor owned 1,204,571 shares of the company’s stock after selling 121,820 shares during the period. IntercontinentalExchange Group comprises 1.1% of Aberdeen Asset Management PLC UK’s holdings, making the stock its 22nd largest position. Aberdeen Asset Management PLC UK’s holdings in IntercontinentalExchange Group were worth $308,322,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of ICE. University of Notre Dame DU Lac purchased a new stake in IntercontinentalExchange Group during the first quarter worth $1,306,000. Geode Capital Management LLC increased its stake in IntercontinentalExchange Group by 4.4% in the first quarter. Geode Capital Management LLC now owns 1,011,526 shares of the company’s stock worth $237,390,000 after buying an additional 42,213 shares in the last quarter. Parametric Risk Advisors LLC increased its stake in IntercontinentalExchange Group by 66.2% in the first quarter. Parametric Risk Advisors LLC now owns 7,607 shares of the company’s stock worth $1,789,000 after buying an additional 3,031 shares in the last quarter. Cleararc Capital Inc. increased its stake in IntercontinentalExchange Group by 1.6% in the first quarter. Cleararc Capital Inc. now owns 2,907 shares of the company’s stock worth $684,000 after buying an additional 46 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its stake in IntercontinentalExchange Group by 4.1% in the first quarter. Riverhead Capital Management LLC now owns 78,844 shares of the company’s stock worth $18,539,000 after buying an additional 3,071 shares in the last quarter. 90.03% of the stock is owned by institutional investors.
Shares of IntercontinentalExchange Group Inc. (NYSE:ICE) traded down 0.22% on Wednesday, reaching $267.07. The company’s stock had a trading volume of 185,936 shares. The stock has a market cap of $30.73 billion, a P/E ratio of 22.03 and a beta of 0.92. The firm’s 50-day moving average price is $275.54 and its 200-day moving average price is $263.22. IntercontinentalExchange Group Inc. has a 12 month low of $227.22 and a 12 month high of $287.02. IntercontinentalExchange Group’s stock is scheduled to split on Friday, November 4th. The 5-1 split was announced on Wednesday, October 12th. The newly minted shares will be distributed to shareholders after the market closes on Thursday, November 3rd.
IntercontinentalExchange Group (NYSE:ICE) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.05. The company earned $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. IntercontinentalExchange Group had a return on equity of 10.72% and a net margin of 25.83%. The firm’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.90 EPS. On average, analysts forecast that IntercontinentalExchange Group Inc. will post $13.80 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on ICE. Deutsche Bank AG lifted their target price on IntercontinentalExchange Group from $310.00 to $311.00 and gave the stock a “buy” rating in a report on Friday, September 9th. RBC Capital Markets reissued a “sector perform” rating and set a $282.00 target price (up previously from $255.00) on shares of IntercontinentalExchange Group in a report on Thursday, August 4th. Keefe, Bruyette & Woods lifted their target price on IntercontinentalExchange Group from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. Royal Bank Of Canada lifted their target price on IntercontinentalExchange Group from $255.00 to $282.00 and gave the stock a “sector perform” rating in a report on Thursday, August 4th. Finally, Barclays PLC lifted their target price on IntercontinentalExchange Group from $295.00 to $307.00 and gave the stock an “overweight” rating in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. IntercontinentalExchange Group presently has a consensus rating of “Buy” and a consensus price target of $297.33.
In other news, insider Thomas W. Farley sold 1,900 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $283.03, for a total transaction of $537,757.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles A. Vice sold 1,500 shares of the stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $267.55, for a total value of $401,325.00. Following the transaction, the insider now owns 61,483 shares of the company’s stock, valued at approximately $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.
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