Stock Yards Bank & Trust Co. raised its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 2.3% during the second quarter, Holdings Channel reports. The firm owned 193,508 shares of the financial services provider’s stock after buying an additional 4,269 shares during the period. Intercontinental Exchange accounts for approximately 1.5% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 23rd largest position. Stock Yards Bank & Trust Co.’s holdings in Intercontinental Exchange were worth $12,756,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Barings LLC boosted its position in Intercontinental Exchange by 400.0% in the fourth quarter. Barings LLC now owns 5,510 shares of the financial services provider’s stock valued at $311,000 after buying an additional 4,408 shares during the last quarter. Israel Discount Bank of New York GFN purchased a new position in Intercontinental Exchange during the fourth quarter valued at $641,000. Quadrature Capital Ltd purchased a new position in Intercontinental Exchange during the fourth quarter valued at $7,800,000. Baltimore Washington Financial Advisors Inc. boosted its position in Intercontinental Exchange by 406.1% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 85,571 shares of the financial services provider’s stock valued at $4,827,000 after buying an additional 68,662 shares during the last quarter. Finally, Wealthfront Inc. purchased a new position in Intercontinental Exchange during the fourth quarter valued at $754,000. Institutional investors and hedge funds own 89.66% of the company’s stock.
Intercontinental Exchange Inc. (ICE) traded down 0.23% during mid-day trading on Monday, hitting $65.77. The stock had a trading volume of 1,230,338 shares. Intercontinental Exchange Inc. has a 52 week low of $50.85 and a 52 week high of $66.90. The stock has a market capitalization of $7.57 billion, a P/E ratio of 25.39 and a beta of 0.71. The company’s 50 day moving average is $62.12 and its 200-day moving average is $59.66.
Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Intercontinental Exchange had a return on equity of 10.67% and a net margin of 26.48%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company posted $3.68 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts expect that Intercontinental Exchange Inc. will post $2.99 EPS for the current fiscal year.
Several research analysts have weighed in on ICE shares. Jefferies Group LLC reiterated a “buy” rating and set a $70.00 price objective on shares of Intercontinental Exchange in a research report on Monday, April 10th. Royal Bank of Canada started coverage on Intercontinental Exchange in a research report on Friday, March 31st. They set a “sector perform” rating and a $60.00 price objective on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $65.50 price objective on shares of Intercontinental Exchange in a research report on Wednesday, April 12th. BidaskClub upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Zacks Investment Research upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Wednesday, March 22nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $65.15.
In related news, CEO Jeffrey C. Sprecher sold 73,374 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $59.91, for a total transaction of $4,395,836.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Jefferson Hague sold 1,150 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $59.94, for a total value of $68,931.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 168,889 shares of company stock worth $10,350,825. 1.50% of the stock is currently owned by corporate 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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