Gulf International Bank UK Ltd raised its stake in shares of IntercontinentalExchange Group Inc. (NYSE:ICE) by 0.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,544 shares of the company’s stock after buying an additional 200 shares during the period. Gulf International Bank UK Ltd’s holdings in IntercontinentalExchange Group were worth $9,574,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ICE. D. Scott Neal Inc. boosted its position in shares of IntercontinentalExchange Group by 100.0% in the second quarter. D. Scott Neal Inc. now owns 400 shares of the company’s stock valued at $102,000 after buying an additional 200 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in shares of IntercontinentalExchange Group during the second quarter valued at approximately $102,000. LSV Asset Management acquired a new position in shares of IntercontinentalExchange Group during the second quarter valued at approximately $116,000. Johnson Financial Group Inc. boosted its position in shares of IntercontinentalExchange Group by 225.0% in the second quarter. Johnson Financial Group Inc. now owns 468 shares of the company’s stock valued at $120,000 after buying an additional 324 shares in the last quarter. Finally, WFG Advisors LP boosted its position in shares of IntercontinentalExchange Group by 23.8% in the second quarter. WFG Advisors LP now owns 618 shares of the company’s stock valued at $158,000 after buying an additional 119 shares in the last quarter. 17.77% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for IntercontinentalExchange Group (NYSE:ICE)

IntercontinentalExchange Group Inc. (NYSE:ICE) traded down 1.12% on Monday, reaching $54.08. 2,132,162 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $54.15 and its 200 day moving average price is $53.76. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 22.15 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.

IntercontinentalExchange Group (NYSE:ICE) last released its quarterly earnings results on Tuesday, November 1st. The company reported $3.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.22 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. IntercontinentalExchange Group had a net margin of 25.29% and a return on equity of 10.57%. IntercontinentalExchange Group’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.91 earnings per share. On average, analysts expect that IntercontinentalExchange Group Inc. will post $2.74 earnings per share for the current year.

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Several equities analysts have commented on the stock. Deutsche Bank AG raised their price target on shares of IntercontinentalExchange Group from $59.00 to $60.80 and gave the company a “buy” rating in a research report on Thursday, August 4th. RBC Capital Markets reaffirmed a “sector perform” rating and set a $56.40 price objective (up from $51.00) on shares of IntercontinentalExchange Group in a research report on Thursday, August 4th. Royal Bank Of Canada lifted their price objective on shares of IntercontinentalExchange Group from $51.00 to $56.40 and gave the stock a “sector perform” rating in a research report on Thursday, August 4th. Jefferies Group lifted their price objective on shares of IntercontinentalExchange Group from $59.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, October 11th. Finally, Barclays PLC lifted their price objective on shares of IntercontinentalExchange Group from $59.00 to $61.40 and gave the stock an “overweight” rating in a research report on Thursday, August 4th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. IntercontinentalExchange Group currently has an average rating of “Buy” and a consensus price target of $59.47.

In related news, insider Charles A. Vice sold 1,500 shares of the firm’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $267.55, for a total transaction of $401,325.00. Following the completion of the sale, the insider now directly owns 61,483 shares of the company’s stock, valued at approximately $16,449,776.65. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas W. Farley sold 1,900 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were 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. Corporate 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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