Stock Yards Bank & Trust Co. raised its position in shares of IntercontinentalExchange Group Inc. (NYSE:ICE) by 0.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 37,084 shares of the company’s stock after buying an additional 315 shares during the period. IntercontinentalExchange Group comprises about 1.4% of Stock Yards Bank & Trust Co.’s portfolio, making the stock its 27th largest position. Stock Yards Bank & Trust Co.’s holdings in IntercontinentalExchange Group were worth $9,989,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Quadrant Capital Group LLC boosted its stake in shares of IntercontinentalExchange Group by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 661 shares of the company’s stock worth $165,000 after buying an additional 3 shares during the last quarter. Advisor Partners LLC boosted its position in IntercontinentalExchange Group by 0.3% in the second quarter. Advisor Partners LLC now owns 2,159 shares of the company’s stock valued at $553,000 after buying an additional 6 shares during the last quarter. Raymond James Trust N.A. boosted its position in IntercontinentalExchange Group by 0.3% in the third quarter. Raymond James Trust N.A. now owns 1,885 shares of the company’s stock valued at $508,000 after buying an additional 6 shares during the last quarter. Progressive Investment Management Corp boosted its position in IntercontinentalExchange Group by 0.4% in the second quarter. Progressive Investment Management Corp now owns 2,153 shares of the company’s stock valued at $551,000 after buying an additional 8 shares during the last quarter. Finally, Emerald Advisers Inc. PA boosted its position in IntercontinentalExchange Group by 0.4% in the second quarter. Emerald Advisers Inc. PA now owns 3,517 shares of the company’s stock valued at $900,000 after buying an additional 13 shares during the last quarter. 17.77% of the stock is currently owned by institutional investors and hedge funds.

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

IntercontinentalExchange Group Inc. (NYSE:ICE) traded up 1.11% during mid-day trading on Tuesday, reaching $54.68. 1,719,191 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $54.17 and its 200 day moving average price is $53.80. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 22.40 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.

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

TRADEMARK VIOLATION WARNING: “Stock Yards Bank & Trust Co. Has $9,989,000 Position in IntercontinentalExchange Group Inc. (ICE)” was posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this article on another domain, it was copied illegally and reposted in violation of United States and international copyright legislation. The correct version of this article can be accessed at https://www.thecerbatgem.com/2016/11/29/stock-yards-bank-trust-co-has-9989000-position-in-intercontinentalexchange-group-inc-ice.html.

Several research analysts have recently weighed in on the stock. Deutsche Bank AG upped their price target on shares of IntercontinentalExchange Group from $59.00 to $60.80 and gave the stock a “buy” rating in a report on Thursday, August 4th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $56.40 price target (up previously from $51.00) on shares of IntercontinentalExchange Group in a report on Thursday, August 4th. Royal Bank Of Canada upped their price target on shares of IntercontinentalExchange Group from $51.00 to $56.40 and gave the stock a “sector perform” rating in a report on Thursday, August 4th. Jefferies Group upped their price target on shares of IntercontinentalExchange Group from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, October 11th. Finally, Barclays PLC upped their price target on shares of IntercontinentalExchange Group from $59.00 to $61.40 and gave the stock an “overweight” rating in a report on Thursday, August 4th. Four equities 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 a consensus rating of “Buy” and an average price target of $59.47.

In other news, 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 sale, the insider now owns 61,483 shares in the company, valued at $16,449,776.65. The disclosure for this sale can be found here. 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

Receive News & Stock Ratings for IntercontinentalExchange Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IntercontinentalExchange Group Inc. and related stocks with our FREE daily email newsletter.