Intercontinental Exchange Inc (ICE) Position Decreased by Lloyds Banking Group plc

Lloyds Banking Group plc lowered its stake in Intercontinental Exchange Inc (NYSE:ICE) by 12.6% during the first quarter, Holdings Channel reports. The fund owned 4,583 shares of the financial services provider’s stock after selling 663 shares during the period. Intercontinental Exchange makes up approximately 2.5% of Lloyds Banking Group plc’s holdings, making the stock its 4th largest position. Lloyds Banking Group plc’s holdings in Intercontinental Exchange were worth $274,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. FCG Advisors LLC increased its position 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 valued at $367,000 after buying an additional 65 shares during the last quarter. HL Financial Services LLC increased its stake 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 last quarter. Norinchukin Bank The increased its stake in shares of Intercontinental Exchange by 13.2% in the first quarter. Norinchukin Bank The now owns 20,936 shares of the financial services provider’s stock worth $1,253,000 after buying an additional 2,447 shares during the last quarter. Sprott Inc. increased its stake in shares of Intercontinental Exchange by 1.0% in the first quarter. Sprott Inc. now owns 298,321 shares of the financial services provider’s stock worth $17,860,000 after buying an additional 2,946 shares during the last quarter. Finally, Heritage Trust Co acquired a new stake in shares of Intercontinental Exchange during the first quarter worth $2,097,000. Institutional investors and hedge funds own 28.85% of the company’s stock.

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

Intercontinental Exchange Inc (NYSE:ICE) traded up 0.83% on Thursday, hitting $60.44. The stock had a trading volume of 1,518,529 shares. Intercontinental Exchange Inc has a one year low of $48.15 and a one year high of $61.98. The company has a market cap of $6.95 billion, a PE ratio of 23.34 and a beta of 0.96. The stock has a 50-day moving average of $59.90 and a 200-day moving average of $58.37.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Wednesday, May 3rd. The financial services provider reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.01. Intercontinental Exchange had a return on equity of 10.79% and a net margin of 23.87%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the business posted $3.68 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts expect that Intercontinental Exchange Inc will post $2.99 earnings per share for the current fiscal year.

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Several research firms have commented on ICE. Deutsche Bank AG reissued a “buy” rating and set a $66.00 target price (down previously from $67.00) on shares of Intercontinental Exchange in a research report on Monday, May 15th. Royal Bank of Canada set a $61.00 price objective on shares of Intercontinental Exchange and gave the company a “hold” rating in a research note on Thursday, April 20th. Keefe, Bruyette & Woods restated a “buy” rating and set a $65.50 price target on shares of Intercontinental Exchange in a research report on Wednesday, April 12th. Zacks Investment Research raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $70.00 price objective on shares of Intercontinental Exchange in a research note on Monday, April 10th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Intercontinental Exchange has an average rating of “Buy” and an average target price of $63.39.

In other news, Director Jean Marc Forneri sold 6,000 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $58.27, for a total transaction of $349,620.00. Following the completion of the sale, the director now directly owns 47,350 shares of the company’s stock, valued at $2,759,084.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles R. Crisp sold 3,365 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $58.65, for a total value of $197,357.25. The disclosure for this sale can be found here. Insiders have sold 115,320 shares of company stock valued at $6,924,690 in the last ninety days. Company insiders own 1.40% 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.

12 Month Chart for NYSE:ICE

Want to see what other hedge funds are holding ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intercontinental Exchange Inc (NYSE:ICE).

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