First Quadrant L P CA Has $628,000 Stake in Intercontinental Exchange Inc (ICE)

First Quadrant L P CA lowered its stake in Intercontinental Exchange Inc (NYSE:ICE) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,494 shares of the financial services provider’s stock after selling 6 shares during the period. First Quadrant L P CA’s holdings in Intercontinental Exchange were worth $628,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Intercontinental Exchange by 446.6% in the fourth quarter. State Street Corp now owns 25,166,147 shares of the financial services provider’s stock worth $1,419,869,000 after buying an additional 20,561,965 shares during the last quarter. FMR LLC boosted its stake in shares of Intercontinental Exchange by 782.0% in the fourth quarter. FMR LLC now owns 7,485,008 shares of the financial services provider’s stock worth $422,305,000 after buying an additional 6,636,347 shares in the last quarter. Janus Capital Management LLC boosted its stake in shares of Intercontinental Exchange by 364.1% in the fourth quarter. Janus Capital Management LLC now owns 6,069,377 shares of the financial services provider’s stock worth $342,545,000 after buying an additional 4,761,527 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Intercontinental Exchange by 510.8% in the fourth quarter. Artisan Partners Limited Partnership now owns 5,515,439 shares of the financial services provider’s stock worth $311,181,000 after buying an additional 4,612,454 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its stake in shares of Intercontinental Exchange by 286.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 4,547,041 shares of the financial services provider’s stock worth $256,545,000 after buying an additional 3,369,232 shares in the last quarter. Institutional investors own 28.85% of the company’s stock.

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

Intercontinental Exchange Inc (NYSE:ICE) traded up 1.59% on Friday, reaching $59.52. The company had a trading volume of 863,234 shares. The stock has a market capitalization of $6.85 billion, a PE ratio of 22.98 and a beta of 0.96. Intercontinental Exchange Inc has a 52-week low of $48.15 and a 52-week high of $61.98. The stock has a 50 day moving average price of $59.90 and a 200 day moving average price of $58.15.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Intercontinental Exchange had a net margin of 23.87% and a return on equity of 10.79%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.68 EPS. Analysts expect that Intercontinental Exchange Inc will post $2.99 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “First Quadrant L P CA Has $628,000 Stake in Intercontinental Exchange Inc (ICE)” was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/05/19/first-quadrant-l-p-ca-sells-6-shares-of-intercontinental-exchange-inc-ice-updated.html.

Several equities analysts have recently issued reports on ICE shares. Jefferies Group LLC reissued a “buy” rating and issued a $70.00 price objective on shares of Intercontinental Exchange in a report on Monday, April 10th. Zacks Investment Research lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, March 8th. Royal Bank of Canada assumed coverage on Intercontinental Exchange in a research note on Friday, March 31st. They issued a “sector perform” rating and a $60.00 price target for the company. Keefe, Bruyette & Woods restated a “buy” rating and issued a $65.50 price target on shares of Intercontinental Exchange in a research note on Wednesday, April 12th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $66.00 price target (down previously from $67.00) on shares of Intercontinental Exchange in a research note on Monday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $62.63.

In related news, insider David S. Goone sold 44,755 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $61.00, for a total transaction of $2,730,055.00. Following the completion of the sale, the insider now directly owns 200,657 shares of the company’s stock, valued at $12,240,077. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Charles A. Vice sold 15,000 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $59.22, for a total transaction of $888,300.00. Following the sale, the insider now directly owns 384,971 shares of the company’s stock, valued at $22,797,982.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,075 shares of company stock valued at $7,661,337. Company insiders own 1.40% of the company’s stock.

Intercontinental Exchange 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.

5 Day Chart for NYSE:ICE

Receive News & Ratings for Intercontinental Exchange Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply