First Heartland Consultants Inc. bought a new stake in Intercontinental Exchange Inc. (NYSE:ICE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,347 shares of the financial services provider’s stock, valued at approximately $200,000.
A number of other hedge funds have also bought and sold shares of the company. Fiera Capital Corp increased its stake in Intercontinental Exchange by 310.6% in the fourth quarter. Fiera Capital Corp now owns 52,984 shares of the financial services provider’s stock valued at $2,990,000 after buying an additional 40,079 shares in the last quarter. First Republic Investment Management Inc. increased its stake in Intercontinental Exchange by 378.8% in the fourth quarter. First Republic Investment Management Inc. now owns 83,339 shares of the financial services provider’s stock valued at $4,703,000 after buying an additional 65,934 shares in the last quarter. Franklin Resources Inc. increased its stake in Intercontinental Exchange by 424.5% in the fourth quarter. Franklin Resources Inc. now owns 3,273,125 shares of the financial services provider’s stock valued at $184,670,000 after buying an additional 2,649,072 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Intercontinental Exchange during the fourth quarter valued at approximately $1,840,000. Finally, William Blair Investment Management LLC increased its stake in Intercontinental Exchange by 293.9% in the fourth quarter. William Blair Investment Management LLC now owns 3,541,955 shares of the financial services provider’s stock valued at $199,837,000 after buying an additional 2,642,674 shares in the last quarter. 89.66% of the stock is owned by institutional investors.
Shares of Intercontinental Exchange Inc. (ICE) opened at 64.28 on Friday. Intercontinental Exchange Inc. has a 12-month low of $48.15 and a 12-month high of $65.00. The company has a market capitalization of $7.40 billion, a P/E ratio of 24.82 and a beta of 0.77. The company’s 50 day moving average is $61.12 and its 200 day moving average is $59.36.
Intercontinental Exchange (NYSE:ICE) last released its earnings results on Wednesday, May 3rd. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Intercontinental Exchange had a net margin of 26.48% and a return on equity of 10.67%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the business earned $3.68 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. Analysts expect that Intercontinental Exchange Inc. will post $2.99 earnings per share for the current fiscal year.
Several analysts recently issued reports on ICE shares. BidaskClub raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Royal Bank Of Canada set a $65.00 price objective on shares of Intercontinental Exchange and gave the stock a “hold” rating in a report on Tuesday, June 6th. Zacks Investment Research raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Jefferies Group LLC reaffirmed a “buy” rating and set a $70.00 price objective on shares of Intercontinental Exchange in a report on Monday, April 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $65.50 price objective on shares of Intercontinental Exchange in a report on Wednesday, April 12th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $65.15.
In related news, Director William Jefferson Hague sold 1,150 shares of the firm’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $59.94, for a total value of $68,931.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jean Marc Forneri sold 4,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $63.00, for a total transaction of $252,000.00. Following the completion of the transaction, the director now directly owns 29,300 shares of the company’s stock, valued at $1,845,900. The disclosure for this sale can be found here. Insiders sold 183,089 shares of company stock valued at $10,990,583 over the last three months. 1.50% of the stock is owned by company insiders.
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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