Raymond James Financial Services Advisors Inc. Grows Holdings in Intercontinental Exchange Inc. (ICE)

Raymond James Financial Services Advisors Inc. raised its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 217,796 shares of the financial services provider’s stock after purchasing an additional 7,307 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Intercontinental Exchange were worth $14,357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Intercontinental Exchange by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 40,162,938 shares of the financial services provider’s stock valued at $2,647,541,000 after buying an additional 844,270 shares in the last quarter. BlackRock Inc. raised its position in shares of Intercontinental Exchange by 1.1% during the 2nd quarter. BlackRock Inc. now owns 35,446,221 shares of the financial services provider’s stock valued at $2,336,613,000 after buying an additional 396,042 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Intercontinental Exchange by 2.8% during the 1st quarter. Wellington Management Group LLP now owns 26,817,902 shares of the financial services provider’s stock valued at $1,605,588,000 after buying an additional 721,080 shares in the last quarter. State Street Corp raised its position in shares of Intercontinental Exchange by 1.9% during the 1st quarter. State Street Corp now owns 25,648,056 shares of the financial services provider’s stock valued at $1,535,555,000 after buying an additional 481,909 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Intercontinental Exchange by 19.9% during the 2nd quarter. Northern Trust Corp now owns 11,355,251 shares of the financial services provider’s stock valued at $748,538,000 after buying an additional 1,883,432 shares in the last quarter. 89.75% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Inc. (NYSE ICE) traded down 0.27% during mid-day trading on Tuesday, reaching $69.27. 555,187 shares of the company were exchanged. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 25.67 and a beta of 0.74. Intercontinental Exchange Inc. has a 1-year low of $52.27 and a 1-year high of $71.24. The company has a 50 day moving average of $66.61 and a 200-day moving average of $63.71.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $1.18 billion for 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%. Intercontinental Exchange’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. On average, equities research analysts forecast that Intercontinental Exchange Inc. will post $2.95 EPS for the current year.

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Several analysts have recently issued reports on ICE shares. Citigroup Inc. started coverage on shares of Intercontinental Exchange in a research report on Wednesday, July 12th. They set a “neutral” rating and a $67.00 target price on the stock. Jefferies Group LLC restated a “buy” rating and set a $70.00 target price on shares of Intercontinental Exchange in a research report on Monday, June 26th. Barclays PLC started coverage on shares of Intercontinental Exchange in a research report on Friday, September 8th. They set an “overweight” rating and a $72.00 target price on the stock. Zacks Investment Research cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Finally, Wells Fargo & Company upped their target price on shares of Intercontinental Exchange from $65.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, October 5th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $69.28.

In other Intercontinental Exchange news, CFO Scott A. Hill sold 37,630 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $70.03, for a total value of $2,635,228.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 80,420 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were 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 143,050 shares of company stock worth $9,522,455 over the last quarter. 1.50% of the stock is currently owned by company insiders.

Intercontinental Exchange 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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