M&T Bank Corp decreased its stake in shares of IntercontinentalExchange Group Inc. (NYSE:ICE) by 3.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,055 shares of the company’s stock after selling 481 shares during the period. M&T Bank Corp’s holdings in IntercontinentalExchange Group were worth $3,517,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ICE. Bank of New York Mellon Corp increased its position 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 in the last quarter. Carmignac Gestion increased its position 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 period. Neuberger Berman Group LLC increased its position in shares of IntercontinentalExchange Group by 11.5% in the second quarter. Neuberger Berman Group LLC now owns 1,637,694 shares of the company’s stock valued at $419,184,000 after buying an additional 168,569 shares during the period. American Century Companies Inc. increased its position in shares of IntercontinentalExchange Group by 26.8% in the second quarter. American Century Companies Inc. now owns 1,105,774 shares of the company’s stock valued at $283,034,000 after buying an additional 233,988 shares during the period. Finally, Cantillon Capital Management LLC increased its position in shares of IntercontinentalExchange Group by 2.1% in the second quarter. Cantillon Capital Management LLC now owns 1,038,882 shares of the company’s stock valued at $265,913,000 after buying an additional 21,450 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 1.02% during trading on Wednesday, hitting $55.40. 5,473,641 shares of the stock were exchanged. IntercontinentalExchange Group Inc. has a 52 week low of $45.44 and a 52 week high of $58.70. The stock has a 50 day moving average of $54.20 and a 200-day moving average of $53.82. The stock has a market cap of $6.37 billion, a P/E ratio of 22.70 and a beta of 0.93.

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

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Several research analysts have recently issued reports on ICE shares. 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. Zacks Investment Research downgraded shares of IntercontinentalExchange Group from a “hold” rating to a “sell” rating in a report on Friday, October 7th. Deutsche Bank AG upped their price target on shares of IntercontinentalExchange Group from $62.00 to $62.20 and gave the stock a “buy” rating in a report on Friday, September 9th. RBC Capital Markets reiterated a “sector perform” rating and set a $56.40 price target (up from $51.00) on shares of IntercontinentalExchange Group in a report on Thursday, August 4th. 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 research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $59.47.

In related news, CEO Jeffrey C. Sprecher sold 25,275 shares of IntercontinentalExchange Group stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $270.49, for a total value of $6,836,634.75. Following the transaction, the chief executive officer now owns 313,445 shares in the company, valued at approximately $84,783,738.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Charles A. Vice sold 1,500 shares of IntercontinentalExchange Group stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $267.55, for a total transaction of $401,325.00. Following the completion of the transaction, the insider now owns 61,483 shares in the company, valued at approximately $16,449,776.65. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

About IntercontinentalExchange Group

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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