First Commonwealth Financial Corp PA lessened its position in Intercontinental Exchange Inc. (NYSE:ICE) by 3.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,224 shares of the financial services provider’s stock after selling 289 shares during the quarter. First Commonwealth Financial Corp PA’s holdings in Intercontinental Exchange were worth $476,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of ICE. BlackRock Inc. lifted its position in shares of Intercontinental Exchange by 2,943.4% in the 1st quarter. BlackRock Inc. now owns 35,050,179 shares of the financial services provider’s stock valued at $2,098,452,000 after acquiring an additional 33,898,484 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Intercontinental Exchange by 1,254.2% in the 2nd quarter. Janus Henderson Group PLC now owns 9,048,533 shares of the financial services provider’s stock valued at $596,480,000 after acquiring an additional 8,380,362 shares in the last quarter. OppenheimerFunds Inc. lifted its position in shares of Intercontinental Exchange by 340.8% in the 1st quarter. OppenheimerFunds Inc. now owns 5,641,157 shares of the financial services provider’s stock valued at $337,737,000 after acquiring an additional 4,361,480 shares in the last quarter. Northern Trust Corp lifted its position in shares of Intercontinental Exchange by 19.9% in the 2nd quarter. Northern Trust Corp now owns 11,355,251 shares of the financial services provider’s stock valued at $748,538,000 after acquiring an additional 1,883,432 shares in the last quarter. Finally, Prudential PLC lifted its position in shares of Intercontinental Exchange by 39,517.6% in the 2nd quarter. Prudential PLC now owns 1,481,301 shares of the financial services provider’s stock valued at $97,647,000 after acquiring an additional 1,477,562 shares in the last quarter. Institutional investors and hedge funds own 89.75% of the company’s stock.

In other Intercontinental Exchange news, insider Charles A. Vice sold 12,500 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $66.93, for a total value of $836,625.00. Following the transaction, the insider now owns 382,471 shares of the company’s stock, valued at $25,598,784.03. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 ninety days, insiders sold 143,050 shares of company stock worth $9,522,455. Insiders own 1.50% of the company’s stock.

Several equities research analysts recently commented on ICE shares. Royal Bank Of Canada restated a “buy” rating on shares of Intercontinental Exchange in a research report on Tuesday, August 15th. BidaskClub upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Citigroup Inc. started coverage on shares of Intercontinental Exchange in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 price target for the company. Jefferies Group LLC restated a “buy” rating and issued a $73.00 price target (up previously from $70.00) on shares of Intercontinental Exchange in a research report on Monday, July 17th. Finally, Wells Fargo & Company upped their price target on shares of Intercontinental Exchange from $65.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $69.28.

Intercontinental Exchange Inc. (NYSE:ICE) traded down 1.59% on Friday, reaching $69.83. 911,582 shares of the company’s stock traded hands. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 25.87 and a beta of 0.74. Intercontinental Exchange Inc. has a 52-week low of $52.27 and a 52-week high of $71.24. The stock’s 50 day moving average is $66.36 and its 200 day moving average is $63.53.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.75. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. On average, equities research analysts predict that Intercontinental Exchange Inc. will post $2.95 EPS for the current fiscal year.

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About Intercontinental Exchange

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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