First Trust Advisors LP cut its stake in shares of IntercontinentalExchange Group Inc. (NYSE:ICE) by 83.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,840 shares of the company’s stock after selling 58,420 shares during the period. First Trust Advisors LP’s holdings in IntercontinentalExchange Group were worth $3,031,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. State Street Corp increased its stake in IntercontinentalExchange Group by 0.9% in the first quarter. State Street Corp now owns 4,607,392 shares of the company’s stock valued at $1,083,386,000 after buying an additional 39,878 shares during the last quarter. Bank of New York Mellon Corp increased its stake in IntercontinentalExchange Group by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 3,112,039 shares of the company’s stock valued at $796,555,000 after buying an additional 110,531 shares during the last quarter. Wellington Management Group LLP increased its stake in IntercontinentalExchange Group by 12.6% in the first quarter. Wellington Management Group LLP now owns 2,864,823 shares of the company’s stock valued at $673,634,000 after buying an additional 319,612 shares during the last quarter. JPMorgan Chase & Co. increased its stake in IntercontinentalExchange Group by 15.8% in the first quarter. JPMorgan Chase & Co. now owns 2,814,315 shares of the company’s stock valued at $661,758,000 after buying an additional 384,685 shares during the last quarter. Finally, Carmignac Gestion increased its stake in IntercontinentalExchange Group by 12.0% in the second quarter. Carmignac Gestion now owns 2,633,120 shares of the company’s stock valued at $673,973,000 after buying an additional 282,595 shares during the last quarter. Institutional investors own 90.04% of the company’s stock.

IntercontinentalExchange Group Inc. (NYSE:ICE) traded down 0.08% during mid-day trading on Friday, hitting $281.50. 637,426 shares of the stock were exchanged. The company has a market cap of $32.39 billion, a P/E ratio of 23.22 and a beta of 0.84. The company has a 50-day moving average price of $277.38 and a 200-day moving average price of $256.64. IntercontinentalExchange Group Inc. has a one year low of $223.49 and a one year high of $287.02.

IntercontinentalExchange Group (NYSE:ICE) last posted its earnings results on Wednesday, August 3rd. The company reported $3.43 EPS for the quarter, beating the Zacks’ consensus estimate of $3.38 by $0.05. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. IntercontinentalExchange Group had a net margin of 25.83% and a return on equity of 10.72%. The company’s revenue was up 41.7% on a year-over-year basis. During the same period last year, the firm posted $2.90 EPS. Analysts forecast that IntercontinentalExchange Group Inc. will post $13.81 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada lifted their price objective on shares of IntercontinentalExchange Group from $255.00 to $282.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 4th. Barclays PLC lifted their price objective on shares of IntercontinentalExchange Group from $295.00 to $307.00 and gave the stock an “overweight” rating in a research note on Thursday, August 4th. RBC Capital Markets reiterated a “sector perform” rating and set a $282.00 price objective (up from $255.00) on shares of IntercontinentalExchange Group in a research note on Thursday, August 4th. Keefe, Bruyette & Woods lifted their price objective on shares of IntercontinentalExchange Group from $300.00 to $310.00 and gave the stock an “outperform” rating in a research note on Thursday, August 4th. Finally, JPMorgan Chase & Co. upgraded shares of IntercontinentalExchange Group from a “not rated” rating to a “neutral” rating and set a $284.00 price objective for the company in a research note on Wednesday, June 1st. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. IntercontinentalExchange Group has a consensus rating of “Buy” and a consensus target price of $293.17.

In related news, General Counsel Johnathan H. Short sold 3,703 shares of the stock in a transaction on Monday, August 29th. The shares were sold at an average price of $278.02, for a total transaction of $1,029,508.06. Following the completion of the sale, the general counsel now owns 19,802 shares in the company, valued at approximately $5,505,352.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

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.

5 Day Chart for NYSE:ICE

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