Riverpark Capital Management LLC boosted its position in Intercontinental Exchange Inc. (NYSE:ICE) by 14.8% during the second quarter, Holdings Channel reports. The institutional investor owned 296,321 shares of the financial services provider’s stock after buying an additional 38,298 shares during the period. Intercontinental Exchange accounts for 2.2% of Riverpark Capital Management LLC’s portfolio, making the stock its 25th largest position. Riverpark Capital Management LLC’s holdings in Intercontinental Exchange were worth $19,533,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America boosted its stake 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 worth $138,000 after buying an additional 16 shares during the last quarter. Emerald Advisers Inc. PA boosted its stake in 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 last quarter. FCG Advisors LLC boosted its stake in 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 last quarter. Aspen Investment Management Inc boosted its stake in 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 last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in Intercontinental Exchange by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 36,700 shares of the financial services provider’s stock worth $2,419,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 89.38% of the company’s stock.

Shares of Intercontinental Exchange Inc. (ICE) opened at 65.39 on Tuesday. The stock has a 50 day moving average price of $65.84 and a 200 day moving average price of $61.58. The firm has a market capitalization of $7.52 billion, a PE ratio of 24.23 and a beta of 0.71. 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 quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the company posted $0.69 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts predict that Intercontinental Exchange Inc. will post $2.95 EPS for the current fiscal year.

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A number of research firms have weighed in on ICE. BidaskClub cut Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Thursday, July 13th. Royal Bank Of Canada raised Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $65.00 to $70.00 in a research report on Thursday, July 13th. Jefferies Group LLC reaffirmed a “buy” rating and set a $73.00 price objective (up from $70.00) on shares of Intercontinental Exchange in a research report on Monday, July 17th. Finally, Citigroup Inc. began coverage on Intercontinental Exchange in a research report on Wednesday, July 12th. They set a “neutral” rating and a $67.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $68.36.

In other Intercontinental Exchange news, insider Charles A. Vice sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $66.93, for a total value of $836,625.00. Following the completion of the sale, the insider now directly owns 382,471 shares in the company, valued at $25,598,784.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey C. Sprecher sold 73,374 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $59.91, for a total value of $4,395,836.34. The disclosure for this sale can be found here. Insiders sold a total of 166,389 shares of company stock valued at $10,279,500 over the last three months. Corporate insiders own 1.50% of the company’s stock.

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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