Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 12.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 189,590 shares of the financial services provider’s stock after buying an additional 21,167 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Intercontinental Exchange were worth $12,498,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norway Savings Bank boosted its position in shares of Intercontinental Exchange by 16.7% in the second quarter. Norway Savings Bank now owns 1,640 shares of the financial services provider’s stock worth $108,000 after buying an additional 235 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Intercontinental Exchange by 186.5% in the second quarter. Bessemer Group Inc. now owns 1,905 shares of the financial services provider’s stock worth $126,000 after buying an additional 1,240 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new position in shares of Intercontinental Exchange during the second quarter worth approximately $128,000. Guardian Life Insurance Co. of America boosted its position in shares of 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. Finally, Clearbridge Investments LLC boosted its position in shares of Intercontinental Exchange by 117.0% in the first quarter. Clearbridge Investments LLC now owns 2,346 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,265 shares during the last quarter. Institutional investors own 89.74% of the company’s stock.

Intercontinental Exchange Inc. (NYSE:ICE) opened at 65.30 on Tuesday. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 24.19 and a beta of 0.71. The company’s 50-day moving average price is $65.69 and its 200 day moving average price is $61.98. Intercontinental Exchange Inc. has a 12 month low of $52.27 and a 12 month high of $67.48.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.75. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business earned $0.69 EPS. Analysts forecast that Intercontinental Exchange Inc. will post $2.95 EPS for the current fiscal year.

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A number of research analysts have recently commented on ICE shares. Jefferies Group LLC reiterated a “buy” rating and issued a $73.00 price target on shares of Intercontinental Exchange in a research note on Wednesday, August 23rd. Royal Bank Of Canada reiterated a “buy” rating on shares of Intercontinental Exchange in a research note on Tuesday, August 15th. Zacks Investment Research upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research note on Thursday, July 13th. BidaskClub upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $66.00 price target (down from $67.00) on shares of Intercontinental Exchange in a research note on Monday, May 15th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Intercontinental Exchange currently has a consensus rating of “Buy” and a consensus price target of $68.36.

In other news, insider Charles A. Vice sold 15,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $60.37, for a total value of $905,550.00. Following the completion of the sale, the insider now owns 384,971 shares in the company, valued at approximately $23,240,699.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 80,420 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $65.24, for a total transaction of $5,246,600.80. The disclosure for this sale can be found here. Insiders sold a total of 162,920 shares of company stock valued at $10,514,356 in the last 90 days. Company 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.

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

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