Pennsylvania Trust Co increased its position in shares of IntercontinentalExchange Group Inc. (NYSE:ICE) by 32.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,815 shares of the company’s stock after buying an additional 5,850 shares during the period. Pennsylvania Trust Co’s holdings in IntercontinentalExchange Group were worth $6,415,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. National Pension Service raised its stake in shares of IntercontinentalExchange Group by 8.8% in the third quarter. National Pension Service now owns 83,661 shares of the company’s stock worth $22,535,000 after buying an additional 6,782 shares during the period. Stock Yards Bank & Trust Co. raised its stake in IntercontinentalExchange Group by 0.9% in the third quarter. Stock Yards Bank & Trust Co. now owns 37,084 shares of the company’s stock valued at $9,989,000 after buying an additional 315 shares during the period. Parametrica Management Ltd acquired a new stake in IntercontinentalExchange Group during the third quarter valued at $258,000. MSI Financial Services Inc raised its stake in IntercontinentalExchange Group by 43.4% in the third quarter. MSI Financial Services Inc now owns 832 shares of the company’s stock valued at $225,000 after buying an additional 252 shares during the period. Finally, Gulf International Bank UK Ltd raised its stake in IntercontinentalExchange Group by 0.6% in the third quarter. Gulf International Bank UK Ltd now owns 35,544 shares of the company’s stock valued at $9,574,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 17.77% of the company’s stock.

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

IntercontinentalExchange Group Inc. (NYSE:ICE) traded up 1.20% during mid-day trading on Tuesday, reaching $54.73. 2,409,337 shares of the company traded hands. The firm has a market cap of $6.30 billion, a PE ratio of 22.42 and a beta of 0.93. IntercontinentalExchange Group Inc. has a one year low of $45.44 and a one year high of $58.70. The stock’s 50-day moving average price is $54.17 and its 200-day moving average price is $53.80.

IntercontinentalExchange Group (NYSE:ICE) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $3.21 earnings per share (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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business earned $2.91 earnings per share. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. Analysts forecast that IntercontinentalExchange Group Inc. will post $2.74 earnings per share for the current fiscal year.

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Several equities research analysts recently weighed in on ICE shares. Zacks Investment Research upgraded shares of IntercontinentalExchange Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 27th. Keefe, Bruyette & Woods increased their price objective on shares of IntercontinentalExchange Group from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, August 4th. Barclays PLC reiterated an “overweight” rating and set a $61.40 price objective (up previously from $59.00) on shares of IntercontinentalExchange Group in a research note on Thursday, August 11th. Jefferies Group increased their price objective on shares of IntercontinentalExchange Group from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Finally, Deutsche Bank AG increased their price objective on shares of IntercontinentalExchange Group from $62.00 to $62.20 and gave the stock a “buy” rating in a research note on Friday, September 9th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $59.47.

In related news, CEO Jeffrey C. Sprecher sold 25,275 shares of IntercontinentalExchange Group 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 transaction, the chief executive officer now directly owns 313,445 shares of the company’s stock, valued at approximately $84,783,738.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas W. Farley sold 1,900 shares of IntercontinentalExchange Group stock in a transaction dated 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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