Riverpark Capital Management LLC increased its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 14.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 296,321 shares of the financial services provider’s stock after buying an additional 38,298 shares during the period. Intercontinental Exchange accounts for 2.2% of Riverpark Capital Management LLC’s portfolio, making the stock its 25th largest position. Riverpark Capital Management LLC owned approximately 0.26% of Intercontinental Exchange worth $19,533,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ICE. Guardian Life Insurance Co. of America increased its stake in shares of Intercontinental Exchange by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,298 shares of the financial services provider’s stock worth $138,000 after buying an additional 16 shares in the last quarter. Emerald Advisers Inc. PA increased its stake in shares of Intercontinental Exchange by 0.3% in the first quarter. Emerald Advisers Inc. PA now owns 12,720 shares of the financial services provider’s stock worth $762,000 after buying an additional 39 shares in the last quarter. FCG Advisors LLC increased its stake in shares of Intercontinental Exchange by 1.1% in the first quarter. FCG Advisors LLC now owns 6,125 shares of the financial services provider’s stock worth $367,000 after buying an additional 65 shares in the last quarter. Aspen Investment Management Inc increased its stake in shares of Intercontinental Exchange by 0.8% in the first quarter. Aspen Investment Management Inc now owns 8,770 shares of the financial services provider’s stock worth $525,000 after buying an additional 70 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Intercontinental Exchange by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 36,700 shares of the financial services provider’s stock worth $2,419,000 after buying an additional 100 shares in the last quarter. 89.38% of the stock is owned by institutional investors and hedge funds.

Shares of Intercontinental Exchange Inc. (NYSE ICE) opened at 65.39 on Tuesday. The stock’s 50 day moving average price is $65.84 and its 200-day moving average price is $61.58. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 24.23 and a beta of 0.71. Intercontinental Exchange Inc. has a 52 week low of $52.27 and a 52 week high of $67.48.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts anticipate that Intercontinental Exchange Inc. will post $2.95 earnings per share for the current fiscal year.

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Several research firms have recently weighed in on ICE. Royal Bank Of Canada set a $61.00 target price on Intercontinental Exchange and gave the stock a “hold” rating in a research report on Thursday, April 20th. BidaskClub upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Citigroup Inc. began coverage on Intercontinental Exchange in a research report on Wednesday, July 12th. They set a “neutral” rating and a $67.00 target price for the company. Jefferies Group LLC reiterated a “buy” rating and set a $73.00 target price (up from $70.00) on shares of Intercontinental Exchange in a research report on Monday, July 17th. Finally, Zacks Investment Research upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Thursday, July 13th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $68.36.

In related news, insider Charles A. Vice sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $66.93, for a total transaction of $836,625.00. Following the transaction, the insider now owns 382,471 shares in the company, valued at approximately $25,598,784.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Charles A. Vice sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $60.37, for a total value of $905,550.00. Following the transaction, the insider now owns 384,971 shares in the company, valued at approximately $23,240,699.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 166,389 shares of company stock worth $10,279,500. Company insiders own 1.50% of the company’s stock.

Intercontinental Exchange 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.

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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