First Washington CORP Boosts Stake in Intercontinental Exchange Inc (ICE)

First Washington CORP raised its position in Intercontinental Exchange Inc (NYSE:ICE) by 1,144.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,405 shares of the financial services provider’s stock after buying an additional 53,710 shares during the period. Intercontinental Exchange comprises approximately 1.9% of First Washington CORP’s portfolio, making the stock its 21st largest position. First Washington CORP owned 0.05% of Intercontinental Exchange worth $3,497,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. State Street Corp raised its stake in shares of 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 in the last quarter. FMR LLC raised 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 raised 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 raised 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 raised 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. 28.85% of the stock is currently owned by institutional investors and hedge funds.

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

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.01. Intercontinental Exchange had a return on equity of 10.79% and a net margin of 23.87%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the business posted $3.68 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year.

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

In other news, insider Charles A. Vice sold 15,000 shares of the company’s stock in a transaction dated Monday, April 3rd. The stock was 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 in the company, valued at $22,797,982.62. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Thomas W. Farley sold 31,200 shares of the company’s stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $59.34, for a total value of $1,851,408.00. Following the sale, the insider now owns 112,798 shares in the company, valued at $6,693,433.32. The disclosure for this sale can be found here. Insiders sold a total of 128,075 shares of company stock worth $7,661,337 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

About Intercontinental Exchange

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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