IntercontinentalExchange Group Inc. (NYSE:ICE) – Analysts at Jefferies Group dropped their FY2016 earnings per share (EPS) estimates for IntercontinentalExchange Group in a report issued on Tuesday. Jefferies Group analyst D. Fannon now expects that the firm will post earnings per share of $13.83 for the year, down from their previous forecast of $14.10. Jefferies Group has a “Buy” rating and a $310.00 price objective on the stock. Jefferies Group also issued estimates for IntercontinentalExchange Group’s FY2017 earnings at $15.48 EPS.

IntercontinentalExchange Group (NYSE:ICE) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.05. IntercontinentalExchange Group had a net margin of 25.83% and a return on equity of 10.72%. The business earned $1.10 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the company earned $2.90 EPS. The business’s revenue was up 41.7% on a year-over-year basis.

Earnings History and Estimates for IntercontinentalExchange Group (NYSE:ICE)

Several other research analysts also recently weighed in on ICE. Zacks Investment Research upgraded shares of IntercontinentalExchange Group from a “sell” rating to a “hold” rating in a report on Friday, June 24th. Royal Bank Of Canada upped their target price on shares of IntercontinentalExchange Group from $255.00 to $282.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 4th. Deutsche Bank AG upped their target price on shares of IntercontinentalExchange Group from $295.00 to $304.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Barclays PLC upped their target price on shares of IntercontinentalExchange Group from $295.00 to $307.00 and gave the stock an “overweight” rating in a research note on Thursday, August 4th. Finally, Keefe, Bruyette & Woods upped their target price on shares of IntercontinentalExchange Group from $300.00 to $310.00 and gave the stock an “outperform” rating in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $297.33.

Shares of IntercontinentalExchange Group (NYSE:ICE) opened at 271.29 on Thursday. IntercontinentalExchange Group has a 52 week low of $227.22 and a 52 week high of $287.02. The firm has a 50-day moving average of $276.18 and a 200 day moving average of $262.36. The firm has a market cap of $31.21 billion, a PE ratio of 22.38 and a beta of 0.92. IntercontinentalExchange Group’s stock is going to split on Friday, November 4th. The 5-1 split was announced on Wednesday, October 12th. The newly created shares will be distributed to shareholders after the closing bell on Thursday, November 3rd.

A number of institutional investors have recently modified their holdings of the company. AXA increased its stake in shares of IntercontinentalExchange Group by 307.0% in the first quarter. AXA now owns 28,900 shares of the company’s stock worth $6,796,000 after buying an additional 21,800 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in shares of IntercontinentalExchange Group by 3.1% in the first quarter. Pictet Asset Management Ltd. now owns 62,873 shares of the company’s stock worth $14,993,000 after buying an additional 1,900 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of IntercontinentalExchange Group by 1.1% in the first quarter. UBS Asset Management Americas Inc. now owns 281,057 shares of the company’s stock worth $66,089,000 after buying an additional 3,128 shares during the last quarter. Park Avenue Institutional Advisers LLC increased its stake in shares of IntercontinentalExchange Group by 5.2% in the first quarter. Park Avenue Institutional Advisers LLC now owns 748 shares of the company’s stock worth $176,000 after buying an additional 37 shares during the last quarter. Finally, Rafferty Asset Management LLC increased its stake in shares of IntercontinentalExchange Group by 29.9% in the first quarter. Rafferty Asset Management LLC now owns 15,427 shares of the company’s stock worth $3,628,000 after buying an additional 3,548 shares during the last quarter. Hedge funds and other institutional investors own 90.04% of the company’s stock.

In other IntercontinentalExchange Group news, insider Charles A. Vice sold 2,000 shares of the stock in a transaction dated 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 transaction, the insider now owns 61,983 shares in the company, valued at $17,280,240.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles A. Vice sold 1,500 shares of the stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $267.55, for a total transaction of $401,325.00. Following the transaction, the insider now owns 61,483 shares of the company’s stock, valued at approximately $16,449,776.65. The disclosure for this sale can be found here. Company insiders own 1.40% 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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