HL Financial Services LLC lowered its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 59.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,342 shares of the financial services provider’s stock after selling 13,945 shares during the period. HL Financial Services LLC’s holdings in Intercontinental Exchange were worth $616,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Norway Savings Bank increased its position in Intercontinental Exchange by 16.7% in the second quarter. Norway Savings Bank now owns 1,640 shares of the financial services provider’s stock valued at $108,000 after buying an additional 235 shares during the last quarter. Bessemer Group Inc. increased its position in Intercontinental Exchange by 186.5% in the second 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 last quarter. Guardian Life Insurance Co. of America increased its position in Intercontinental Exchange by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,298 shares of the financial services provider’s stock valued at $138,000 after buying an additional 16 shares during the last quarter. Clearbridge Investments LLC increased its position in Intercontinental Exchange by 117.0% in the first quarter. Clearbridge Investments LLC now owns 2,346 shares of the financial services provider’s stock valued at $140,000 after buying an additional 1,265 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in Intercontinental Exchange by 45.3% in the first quarter. Parallel Advisors LLC now owns 2,400 shares of the financial services provider’s stock valued at $145,000 after buying an additional 748 shares during the last quarter. 89.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Intercontinental Exchange Inc. (NYSE:ICE) opened at 65.01 on Friday. The firm has a market capitalization of $7.48 billion, a P/E ratio of 24.09 and a beta of 0.71. The stock has a 50 day moving average price of $65.81 and a 200 day moving average price of $61.47. Intercontinental Exchange Inc. has a 12 month low of $52.27 and a 12 month high of $67.48.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.75. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. Intercontinental Exchange’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. On average, analysts expect that Intercontinental Exchange Inc. will post $2.95 earnings per share for the current year.

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Several equities analysts have commented on the stock. Deutsche Bank AG reissued a “buy” rating and set a $66.00 target price (down from $67.00) on shares of Intercontinental Exchange in a research report on Monday, May 15th. Royal Bank Of Canada raised shares of Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $65.00 to $70.00 in a research report on Thursday, July 13th. Jefferies Group LLC reissued a “buy” rating and set a $70.00 target price on shares of Intercontinental Exchange in a research report on Monday, June 26th. Zacks Investment Research raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Thursday, July 13th. Finally, BidaskClub downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $68.36.

In other news, Director William Jefferson Hague sold 1,150 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $59.94, for a total value of $68,931.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jean Marc Forneri sold 6,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $58.27, for a total transaction of $349,620.00. Following the completion of the sale, the director now directly owns 47,350 shares in the company, valued at $2,759,084.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 166,389 shares of company stock worth $10,279,500. 1.50% of the stock is owned by insiders.

Intercontinental Exchange 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.

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

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