Victory Capital Management Inc. boosted its position in shares of IntercontinentalExchange Group Inc. (NYSE:ICE) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,756 shares of the company’s stock after buying an additional 133 shares during the period. Victory Capital Management Inc.’s holdings in IntercontinentalExchange Group were worth $1,217,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Quadrant Capital Group LLC increased its position in shares of IntercontinentalExchange Group by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 661 shares of the company’s stock worth $165,000 after buying an additional 3 shares during the last quarter. Emerald Advisers Inc. PA increased its position in shares of IntercontinentalExchange Group by 0.4% in the second quarter. Emerald Advisers Inc. PA now owns 3,517 shares of the company’s stock worth $900,000 after buying an additional 13 shares during the last quarter. Washington Trust Bank increased its position in shares of IntercontinentalExchange Group by 2.9% in the second quarter. Washington Trust Bank now owns 983 shares of the company’s stock worth $252,000 after buying an additional 28 shares during the last quarter. Lourd Capital LLC increased its position in shares of IntercontinentalExchange Group by 1.5% in the second quarter. Lourd Capital LLC now owns 2,001 shares of the company’s stock worth $512,000 after buying an additional 30 shares during the last quarter. Finally, Checchi Capital Advisers LLC increased its position in shares of IntercontinentalExchange Group by 2.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,147 shares of the company’s stock worth $294,000 after buying an additional 31 shares during the last quarter. Institutional investors and hedge funds own 90.04% of the company’s stock.

Shares of IntercontinentalExchange Group Inc. (NYSE:ICE) traded up 0.13% during midday trading on Wednesday, hitting $280.58. The stock had a trading volume of 178,026 shares. IntercontinentalExchange Group Inc. has a one year low of $223.49 and a one year high of $287.02. The firm’s 50-day moving average price is $279.82 and its 200-day moving average price is $258.29. The firm has a market capitalization of $32.28 billion, a PE ratio of 23.15 and a beta of 0.84.

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

A number of research analysts have issued reports on the company. Deutsche Bank AG boosted their price target on IntercontinentalExchange Group from $310.00 to $311.00 and gave the stock a “buy” rating in a research report on Friday, September 9th. Zacks Investment Research upgraded IntercontinentalExchange Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. JPMorgan Chase & Co. upgraded IntercontinentalExchange Group from a “not rated” rating to a “neutral” rating and set a $284.00 price target for the company in a research report on Wednesday, June 1st. Keefe, Bruyette & Woods boosted their price target on IntercontinentalExchange Group from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. Finally, Barclays PLC boosted their price target on IntercontinentalExchange Group from $295.00 to $307.00 and gave the stock an “overweight” rating in a research report on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $293.17.

In related news, insider Charles A. Vice sold 2,000 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $278.79, for a total transaction of $557,580.00. Following the completion of the sale, the insider now directly owns 61,983 shares of the company’s stock, valued at approximately $17,280,240.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas W. Farley sold 755 shares of the firm’s stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $253.18, for a total value of $191,150.90. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

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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