IntercontinentalExchange Group Inc. (NYSE:ICE) – Investment analysts at Credit Agricole SA lifted their FY2016 earnings estimates for shares of IntercontinentalExchange Group in a research note issued to investors on Monday. Credit Agricole SA analyst R. Rutschow now anticipates that the brokerage will earn $2.74 per share for the year, up from their prior forecast of $2.73. Credit Agricole SA also issued estimates for IntercontinentalExchange Group’s Q1 2017 earnings at $0.72 EPS, Q2 2017 earnings at $0.72 EPS, Q3 2017 earnings at $0.73 EPS, Q4 2017 earnings at $0.73 EPS, FY2017 earnings at $2.90 EPS and FY2018 earnings at $3.10 EPS.

IntercontinentalExchange Group (NYSE:ICE) last posted its earnings results on Tuesday, November 1st. The company reported $3.21 EPS for the quarter, missing the consensus estimate of $3.22 by $0.01. IntercontinentalExchange Group had a net margin of 25.29% and a return on equity of 10.57%. The business earned $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the business earned $2.91 earnings per share. The firm’s revenue was up 32.1% compared to the same quarter last year.

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

A number of other equities analysts have also commented on the company. Zacks Investment Research upgraded IntercontinentalExchange Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 27th. Jefferies Group boosted their price target on IntercontinentalExchange Group from $59.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Deutsche Bank AG boosted their price target on IntercontinentalExchange Group from $62.00 to $62.20 and gave the company a “buy” rating in a research note on Friday, September 9th. Barclays PLC restated an “overweight” rating and set a $61.40 price target (up from $59.00) on shares of IntercontinentalExchange Group in a research note on Thursday, August 11th. Finally, RBC Capital Markets restated a “sector perform” rating and set a $56.40 price target (up from $51.00) on shares of IntercontinentalExchange Group in a research note on Thursday, August 4th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $59.47.

Shares of IntercontinentalExchange Group (NYSE:ICE) opened at 55.50 on Tuesday. IntercontinentalExchange Group has a 52-week low of $45.44 and a 52-week high of $58.70. The firm has a market capitalization of $6.39 billion, a PE ratio of 22.74 and a beta of 0.93. The company has a 50-day moving average price of $53.95 and a 200 day moving average price of $53.41.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in IntercontinentalExchange Group by 25.8% in the third quarter. JPMorgan Chase & Co. now owns 3,595,696 shares of the company’s stock valued at $969,153,000 after buying an additional 738,354 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in IntercontinentalExchange Group by 4.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,276,013 shares of the company’s stock valued at $882,427,000 after buying an additional 148,017 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of IntercontinentalExchange Group by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 3,112,039 shares of the company’s stock valued at $796,555,000 after buying an additional 110,531 shares during the last quarter. Carmignac Gestion boosted its stake in shares of IntercontinentalExchange Group by 1.1% in the third quarter. Carmignac Gestion now owns 2,661,720 shares of the company’s stock valued at $716,961,000 after buying an additional 28,600 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of IntercontinentalExchange Group by 6.2% in the third quarter. Northern Trust Corp now owns 1,962,179 shares of the company’s stock valued at $528,533,000 after buying an additional 115,404 shares during the last quarter. Hedge funds and other institutional investors own 18.13% of the company’s stock.

In related news, insider Charles A. Vice sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $264.84, for a total value of $397,260.00. Following the completion of the transaction, the insider now owns 61,483 shares in the company, valued at approximately $16,283,157.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Johnathan H. Short sold 3,703 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $278.02, for a total transaction of $1,029,508.06. Following the completion of the transaction, the general counsel now owns 19,802 shares of the company’s stock, valued at approximately $5,505,352.04. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

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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