Caisse DE Depot ET Placement DU Quebec increased its position in shares of Intercontinental Exchange Inc (NYSE:ICE) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,950 shares of the financial services provider’s stock after acquiring an additional 1,000 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Intercontinental Exchange were worth $3,515,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ICE. IHT Wealth Management LLC boosted its stake in shares of Intercontinental Exchange by 10.8% in the 2nd quarter. IHT Wealth Management LLC now owns 185 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 18 shares in the last quarter. Thompson Davis & CO. Inc. boosted its position in Intercontinental Exchange by 2.2% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,517 shares of the financial services provider’s stock valued at $100,000 after buying an additional 32 shares during the period. Bessemer Group Inc. boosted its position in Intercontinental Exchange by 186.5% during the 2nd quarter. Bessemer Group Inc. now owns 1,905 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,240 shares during the period. First Personal Financial Services boosted its position in Intercontinental Exchange by 20.4% during the 2nd quarter. First Personal Financial Services now owns 2,122 shares of the financial services provider’s stock valued at $140,000 after buying an additional 360 shares during the period. Finally, Parallel Advisors LLC boosted its position in Intercontinental Exchange by 4.5% during the 2nd quarter. Parallel Advisors LLC now owns 2,507 shares of the financial services provider’s stock valued at $167,000 after buying an additional 107 shares during the period. 90.83% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on the stock. UBS increased their price target on shares of Intercontinental Exchange from $73.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Citigroup increased their price target on shares of Intercontinental Exchange from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Intercontinental Exchange in a research report on Tuesday, August 15th. Barclays raised their target price on shares of Intercontinental Exchange from $72.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 10th. Finally, Wells Fargo & Company raised their target price on shares of Intercontinental Exchange from $65.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $73.30.

Shares of Intercontinental Exchange Inc (NYSE ICE) traded up $0.54 during midday trading on Monday, hitting $70.93. 1,653,100 shares of the stock were exchanged, compared to its average volume of 2,671,753. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $41,495.91, a P/E ratio of 24.29, a PEG ratio of 2.63 and a beta of 0.73. Intercontinental Exchange Inc has a 12-month low of $55.79 and a 12-month high of $72.99.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. Intercontinental Exchange had a net margin of 27.91% and a return on equity of 11.01%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 EPS. equities research analysts forecast that Intercontinental Exchange Inc will post 2.95 EPS for the current fiscal year.

Intercontinental Exchange announced that its board has initiated a stock repurchase plan on Thursday, November 2nd that authorizes the company to buyback $1.20 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 3.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

In other news, Vice Chairman Charles A. Vice sold 7,500 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $71.93, for a total transaction of $539,475.00. Following the sale, the insider now owns 377,471 shares in the company, valued at $27,151,489.03. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Scott A. Hill sold 37,630 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $70.03, for a total transaction of $2,635,228.90. The disclosure for this sale can be found here. In the last three months, insiders sold 78,130 shares of company stock worth $5,468,644. 1.50% of the stock is currently owned by insiders.

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Intercontinental Exchange 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.

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

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