HPM Partners LLC lifted its holdings in Intercontinental Exchange Inc (NYSE:ICE) by 12.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,201 shares of the financial services provider’s stock after acquiring an additional 2,727 shares during the period. HPM Partners LLC’s holdings in Intercontinental Exchange were worth $1,854,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in ICE. Millennium Management LLC increased its position in shares of Intercontinental Exchange by 3,708.6% in the second quarter. Millennium Management LLC now owns 2,055,613 shares of the financial services provider’s stock worth $151,190,000 after acquiring an additional 2,112,577 shares in the last quarter. Unigestion Holding SA acquired a new stake in shares of Intercontinental Exchange in the second quarter worth $92,852,000. OppenheimerFunds Inc. increased its position in shares of Intercontinental Exchange by 17.1% in the second quarter. OppenheimerFunds Inc. now owns 6,938,214 shares of the financial services provider’s stock worth $510,306,000 after acquiring an additional 1,011,626 shares in the last quarter. BlackRock Inc. increased its position in shares of Intercontinental Exchange by 2.5% in the first quarter. BlackRock Inc. now owns 38,207,564 shares of the financial services provider’s stock worth $2,770,811,000 after acquiring an additional 935,860 shares in the last quarter. Finally, CI Global Investments Inc. acquired a new stake in shares of Intercontinental Exchange in the first quarter worth $47,938,000. 88.55% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on ICE shares. Zacks Investment Research raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Rosenblatt Securities started coverage on shares of Intercontinental Exchange in a report on Wednesday, September 5th. They set a “buy” rating and a $88.00 price target for the company. FIX started coverage on shares of Intercontinental Exchange in a report on Wednesday, September 5th. They set a “buy” rating and a $88.00 price target for the company. Finally, Citigroup raised their price target on shares of Intercontinental Exchange from $76.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, July 18th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Intercontinental Exchange presently has a consensus rating of “Buy” and a consensus target price of $81.44.
Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.01. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.24 billion. Intercontinental Exchange had a net margin of 41.83% and a return on equity of 11.45%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.75 EPS. equities analysts forecast that Intercontinental Exchange Inc will post 3.48 earnings per share for the current year.
In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 80,000 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $73.28, for a total transaction of $5,862,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Scott A. Hill sold 70,659 shares of the firm’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $76.56, for a total transaction of $5,409,653.04. Following the transaction, the chief financial officer now directly owns 231,782 shares of the company’s stock, valued at $17,745,229.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 288,259 shares of company stock valued at $21,554,161. 1.50% of the stock is owned by company insiders.
About Intercontinental Exchange
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.
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