Envestnet Asset Management Inc. cut its position in Intercontinental Exchange Inc (NYSE:ICE) by 10.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,566 shares of the financial services provider’s stock after selling 9,661 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Intercontinental Exchange were worth $5,463,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ICE. Bessemer Group Inc. grew its position in Intercontinental Exchange by 186.5% in the 2nd quarter. Bessemer Group Inc. now owns 1,905 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 1,240 shares during the last quarter. Global X Management Co. LLC grew its position in Intercontinental Exchange by 11.7% in the 2nd quarter. Global X Management Co. LLC now owns 11,393 shares of the financial services provider’s stock worth $751,000 after purchasing an additional 1,193 shares during the last quarter. Wetherby Asset Management Inc. grew its position in Intercontinental Exchange by 4.8% in the 2nd quarter. Wetherby Asset Management Inc. now owns 8,111 shares of the financial services provider’s stock worth $535,000 after purchasing an additional 369 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Intercontinental Exchange by 4.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,838,241 shares of the financial services provider’s stock worth $121,177,000 after purchasing an additional 73,925 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in Intercontinental Exchange by 2.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 78,772 shares of the financial services provider’s stock worth $5,193,000 after purchasing an additional 1,914 shares during the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.

In other news, CFO Scott A. Hill sold 37,630 shares of Intercontinental Exchange stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $70.03, for a total transaction of $2,635,228.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Charles A. Vice sold 7,500 shares of Intercontinental Exchange stock in a transaction dated 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,130 shares of company stock worth $5,468,644. 1.50% of the stock is owned by company insiders.

Several research firms have issued reports on ICE. Wells Fargo & Company raised their price target 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. Zacks Investment Research upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Barclays raised their price target 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. Royal Bank Of Canada raised their price target on shares of Intercontinental Exchange from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Monday, October 16th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $73.00 price target on shares of Intercontinental Exchange in a research report on Sunday, October 8th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $73.30.

Shares of Intercontinental Exchange Inc (NYSE:ICE) opened at $70.93 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. Intercontinental Exchange Inc has a 12-month low of $55.79 and a 12-month high of $72.99. The firm has a market cap of $41,495.89, a PE ratio of 24.29, a PEG ratio of 2.63 and a beta of 0.73.

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

Intercontinental Exchange declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 2nd that permits the company to buyback $1.20 billion in shares. This buyback authorization permits the financial services provider to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

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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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