National Pension Service boosted its position in IntercontinentalExchange Group Inc. (NYSE:ICE) by 8.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,661 shares of the company’s stock after buying an additional 6,782 shares during the period. National Pension Service owned about 0.07% of IntercontinentalExchange Group worth $22,535,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ICE. D. Scott Neal Inc. raised 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 worth $102,000 after buying an additional 200 shares during the period. Point72 Asia Hong Kong Ltd purchased a new position in shares of IntercontinentalExchange Group during the second quarter worth about $102,000. LSV Asset Management purchased a new position in shares of IntercontinentalExchange Group during the second quarter worth about $116,000. Johnson Financial Group Inc. raised 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 worth $120,000 after buying an additional 324 shares during the period. Finally, WFG Advisors LP raised 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 worth $158,000 after buying an additional 119 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)

Shares of IntercontinentalExchange Group Inc. (NYSE:ICE) traded up 1.57% during trading on Wednesday, hitting $55.70. 1,539,474 shares of the company traded hands. The firm has a 50 day moving average price of $163.96 and a 200-day moving average price of $241.90. IntercontinentalExchange Group Inc. has a one year low of $45.44 and a one year high of $58.70. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 22.82 and a beta of 0.93.

IntercontinentalExchange Group (NYSE:ICE) last released its earnings results 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 company 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%. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.91 EPS. Analysts predict that IntercontinentalExchange Group Inc. will post $2.74 EPS for the current year.

TRADEMARK VIOLATION WARNING: “IntercontinentalExchange Group Inc. (ICE) Stake Boosted by National Pension Service” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of international trademark and copyright legislation. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2016/11/30/intercontinentalexchange-group-inc-ice-stake-boosted-by-national-pension-service.html.

Several research analysts have weighed in on ICE shares. Royal Bank Of Canada upped their target price 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. Barclays PLC upped their target price 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. Zacks Investment Research lowered shares of IntercontinentalExchange Group from a “hold” rating to a “sell” rating in a research report on Friday, October 7th. RBC Capital Markets restated a “sector perform” rating and set a $56.40 target price (up from $51.00) on shares of IntercontinentalExchange Group in a research report on Thursday, August 4th. Finally, Keefe, Bruyette & Woods upped their target price on shares of IntercontinentalExchange Group from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $59.47.

In other IntercontinentalExchange Group news, insider Thomas W. Farley sold 1,900 shares of the firm’s 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Charles A. Vice sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $264.84, for a total transaction of $397,260.00. Following the transaction, the insider now directly owns 61,483 shares in the company, valued at approximately $16,283,157.72. The disclosure for this sale can be found here. Company 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

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.