Hartland & Co. LLC lowered its position in Intercontinental Exchange Inc. (NYSE:ICE) by 8.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 7,050 shares of the financial services provider’s stock after selling 625 shares during the period. Hartland & Co. LLC’s holdings in Intercontinental Exchange were worth $422,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Emerald Advisers Inc. PA boosted its position in shares of Intercontinental Exchange by 0.3% in the first quarter. Emerald Advisers Inc. PA now owns 12,720 shares of the financial services provider’s stock worth $762,000 after buying an additional 39 shares during the period. FCG Advisors LLC boosted its position in shares of Intercontinental Exchange by 1.1% in the first quarter. FCG Advisors LLC now owns 6,125 shares of the financial services provider’s stock worth $367,000 after buying an additional 65 shares during the period. Aspen Investment Management Inc boosted its position in shares of Intercontinental Exchange by 0.8% in the first quarter. Aspen Investment Management Inc now owns 8,770 shares of the financial services provider’s stock worth $525,000 after buying an additional 70 shares during the period. Marietta Investment Partners LLC boosted its position in shares of Intercontinental Exchange by 1.1% in the first quarter. Marietta Investment Partners LLC now owns 13,960 shares of the financial services provider’s stock worth $836,000 after buying an additional 150 shares during the period. Finally, HL Financial Services LLC boosted its position in shares of Intercontinental Exchange by 0.7% in the first quarter. HL Financial Services LLC now owns 23,287 shares of the financial services provider’s stock worth $1,394,000 after buying an additional 153 shares during the period. Hedge funds and other institutional investors own 90.30% of the company’s stock.

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

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Intercontinental Exchange had a return on equity of 10.67% and a net margin of 26.48%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.68 earnings per share.

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A number of equities research analysts have recently commented on ICE shares. Zacks Investment Research raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. BidaskClub raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Royal Bank Of Canada set a $65.00 price target on Intercontinental Exchange and gave the stock a “hold” rating in a research report on Tuesday, June 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $65.50 price target on shares of Intercontinental Exchange in a research report on Wednesday, April 12th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of Intercontinental Exchange in a research report on Monday, April 10th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $65.15.

In other Intercontinental Exchange news, insider Charles A. Vice sold 15,000 shares of the stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $59.22, for a total value of $888,300.00. Following the transaction, the insider now owns 384,971 shares in the company, valued at $22,797,982.62. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas W. Farley sold 31,200 shares of the stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $59.34, for a total value of $1,851,408.00. Following the completion of the transaction, the insider now owns 112,798 shares in the company, valued at approximately $6,693,433.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 183,089 shares of company stock worth $10,990,583. Corporate insiders own 1.50% of the company’s stock.

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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