Central Bank & Trust Co. Has $5,724,000 Position in IntercontinentalExchange Group Inc. (ICE)
Central Bank & Trust Co. increased its stake in shares of IntercontinentalExchange Group Inc. (NYSE:ICE) by 8.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,253 shares of the company’s stock after buying an additional 1,592 shares during the period. IntercontinentalExchange Group accounts for about 1.6% of Central Bank & Trust Co.’s portfolio, making the stock its 18th largest position. Central Bank & Trust Co.’s holdings in IntercontinentalExchange Group were worth $5,724,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the stock. Nordea Investment Management AB boosted its stake in IntercontinentalExchange Group by 525.5% in the second quarter. Nordea Investment Management AB now owns 1,010,715 shares of the company’s stock worth $258,703,000 after buying an additional 849,132 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in IntercontinentalExchange Group during the second quarter worth $129,695,000. Montag & Caldwell LLC boosted its stake in IntercontinentalExchange Group by 7,279.1% in the second quarter. Montag & Caldwell LLC now owns 336,559 shares of the company’s stock worth $86,146,000 after buying an additional 331,998 shares in the last quarter. Carmignac Gestion boosted its stake in IntercontinentalExchange Group by 12.0% in the second quarter. Carmignac Gestion now owns 2,633,120 shares of the company’s stock worth $673,973,000 after buying an additional 282,595 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in IntercontinentalExchange Group by 26.8% in the second quarter. American Century Companies Inc. now owns 1,105,774 shares of the company’s stock worth $283,034,000 after buying an additional 233,988 shares in the last quarter. Institutional investors and hedge funds own 17.92% of the company’s stock.
Shares of IntercontinentalExchange Group Inc. (NYSE:ICE) traded up 0.66% during midday trading on Monday, reaching $55.18. The company’s stock had a trading volume of 3,315,666 shares. The company has a market capitalization of $6.35 billion, a P/E ratio of 22.61 and a beta of 0.93. IntercontinentalExchange Group Inc. has a 1-year low of $45.44 and a 1-year high of $58.70. The stock has a 50 day moving average of $54.06 and a 200-day moving average of $53.72.
IntercontinentalExchange Group (NYSE:ICE) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $3.21 EPS for the quarter, missing analysts’ consensus estimates of $3.22 by $0.01. IntercontinentalExchange Group had a return on equity of 10.57% and a net margin of 25.29%. The firm earned $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the firm earned $2.91 EPS. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. On average, equities research analysts anticipate that IntercontinentalExchange Group Inc. will post $2.74 earnings per share for the current year.
A number of research firms have weighed in on ICE. Zacks Investment Research upgraded IntercontinentalExchange Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 27th. Jefferies Group raised their price objective on IntercontinentalExchange Group from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, October 11th. Deutsche Bank AG raised their price objective on IntercontinentalExchange Group from $62.00 to $62.20 and gave the stock a “buy” rating in a report on Friday, September 9th. Barclays PLC reaffirmed an “overweight” rating and set a $61.40 price objective (up previously from $59.00) on shares of IntercontinentalExchange Group in a report on Thursday, August 11th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $56.40 price objective (up previously from $51.00) on shares of IntercontinentalExchange Group in a report on Thursday, August 4th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $59.47.
In other news, insider Thomas W. Farley sold 1,900 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $283.03, for a total value of $537,757.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey C. Sprecher sold 25,275 shares of the company’s stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $270.49, for a total transaction of $6,836,634.75. Following the completion of the sale, the chief executive officer now owns 313,445 shares in the company, valued at approximately $84,783,738.05. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company 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.
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