IntercontinentalExchange Group Inc. (NYSE:ICE) had its price objective boosted by Jefferies Group from $295.00 to $310.00 in a research note issued to investors on Tuesday. They currently have a buy rating on the stock.

ICE has been the subject of a number of other reports. Zacks Investment Research downgraded IntercontinentalExchange Group from a hold rating to a sell rating in a report on Friday, October 7th. Deutsche Bank AG increased their price target on IntercontinentalExchange Group from $310.00 to $311.00 and gave the stock a buy rating in a report on Friday, September 9th. RBC Capital Markets reiterated a sector perform rating and set a $282.00 price target (up from $255.00) on shares of IntercontinentalExchange Group in a report on Thursday, August 4th. Barclays PLC increased their price target on IntercontinentalExchange Group from $295.00 to $307.00 and gave the stock an overweight rating in a report on Thursday, August 4th. Finally, Royal Bank Of Canada increased their price target on IntercontinentalExchange Group from $255.00 to $282.00 and gave the stock a sector perform rating in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. IntercontinentalExchange Group has an average rating of Buy and a consensus target price of $297.33.

IntercontinentalExchange Group (NYSE:ICE) traded up 0.48% during mid-day trading on Tuesday, hitting $266.62. The company had a trading volume of 156,780 shares. IntercontinentalExchange Group has a 12-month low of $227.22 and a 12-month high of $287.02. The company’s 50 day moving average price is $276.98 and its 200-day moving average price is $262.04. The firm has a market capitalization of $30.67 billion, a PE ratio of 22.00 and a beta of 0.92.

IntercontinentalExchange Group (NYSE:ICE) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $3.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.38 by $0.05. The business earned $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. IntercontinentalExchange Group had a return on equity of 10.72% and a net margin of 25.83%. IntercontinentalExchange Group’s quarterly revenue was up 41.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.90 earnings per share. On average, analysts forecast that IntercontinentalExchange Group will post $13.80 EPS for the current fiscal year.

In other news, insider Charles A. Vice sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $278.79, for a total transaction of $557,580.00. Following the completion of the sale, the insider now owns 61,983 shares in the company, valued at approximately $17,280,240.57. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas W. Farley sold 1,900 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $283.03, for a total transaction of $537,757.00. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Several large investors have recently modified their holdings of the company. Creative Planning raised its stake in shares of IntercontinentalExchange Group by 34.6% in the third quarter. Creative Planning now owns 1,532 shares of the company’s stock valued at $413,000 after buying an additional 394 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of IntercontinentalExchange Group by 0.3% in the third quarter. Raymond James Trust N.A. now owns 1,885 shares of the company’s stock valued at $508,000 after buying an additional 6 shares during the last quarter. Cobiz Investment Management LLC raised its stake in shares of IntercontinentalExchange Group by 1.9% in the third quarter. Cobiz Investment Management LLC now owns 20,905 shares of the company’s stock valued at $5,631,000 after buying an additional 387 shares during the last quarter. Hills Bank & Trust Co. raised its stake in shares of IntercontinentalExchange Group by 1.0% in the third quarter. Hills Bank & Trust Co. now owns 13,973 shares of the company’s stock valued at $3,764,000 after buying an additional 135 shares during the last quarter. Finally, Central Bank & Trust Co. raised its stake in shares of IntercontinentalExchange Group by 8.1% in the third quarter. Central Bank & Trust Co. now owns 21,253 shares of the company’s stock valued at $5,724,000 after buying an additional 1,592 shares during the last quarter. Institutional investors own 90.04% of the company’s stock.

IntercontinentalExchange Group 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.

5 Day Chart for NYSE:ICE

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