BB&T Securities LLC raised its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 140.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,404 shares of the financial services provider’s stock after buying an additional 10,735 shares during the period. BB&T Securities LLC’s holdings in Intercontinental Exchange were worth $1,213,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ICE. Ameriprise Financial Inc. raised its position in shares of Intercontinental Exchange by 6.6% in the first quarter. Ameriprise Financial Inc. now owns 7,031,455 shares of the financial services provider’s stock valued at $420,922,000 after buying an additional 434,968 shares during the period. Quest Investment Management LLC purchased a new position in shares of Intercontinental Exchange during the first quarter valued at $2,837,000. Schmidt P J Investment Management Inc. raised its position in shares of Intercontinental Exchange by 10.7% in the second quarter. Schmidt P J Investment Management Inc. now owns 15,525 shares of the financial services provider’s stock valued at $1,023,000 after buying an additional 1,500 shares during the period. IBM Retirement Fund raised its position in shares of Intercontinental Exchange by 117.7% in the second quarter. IBM Retirement Fund now owns 14,291 shares of the financial services provider’s stock valued at $1,052,000 after buying an additional 7,727 shares during the period. Finally, United Capital Financial Advisers LLC raised its position in shares of Intercontinental Exchange by 42.0% in the first quarter. United Capital Financial Advisers LLC now owns 37,084 shares of the financial services provider’s stock valued at $2,220,000 after buying an additional 10,971 shares during the period. 89.38% of the stock is owned by institutional investors.

Intercontinental Exchange Inc. (NYSE ICE) opened at 65.41 on Friday. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 24.23 and a beta of 0.71. Intercontinental Exchange Inc. has a 12-month low of $52.27 and a 12-month high of $67.48. The stock has a 50 day moving average price of $65.69 and a 200-day moving average price of $61.98.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.75. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company posted $0.69 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. Equities analysts predict that Intercontinental Exchange Inc. will post $2.95 EPS for the current fiscal year.

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Several brokerages have weighed in on ICE. Jefferies Group LLC reissued a “buy” rating and set a $73.00 price objective on shares of Intercontinental Exchange in a report on Wednesday. Royal Bank Of Canada reissued a “buy” rating on shares of Intercontinental Exchange in a report on Tuesday, August 15th. Zacks Investment Research raised Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Thursday, July 13th. Citigroup Inc. began coverage on Intercontinental Exchange in a report on Wednesday, July 12th. They set a “neutral” rating and a $67.00 price objective for the company. Finally, BidaskClub lowered Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $68.36.

In related news, insider Charles A. Vice sold 12,500 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $66.93, for a total transaction of $836,625.00. Following the completion of the transaction, the insider now owns 382,471 shares of the company’s stock, valued at $25,598,784.03. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Charles A. Vice sold 15,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $60.37, for a total transaction of $905,550.00. Following the transaction, the insider now directly owns 384,971 shares of the company’s stock, valued at approximately $23,240,699.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 162,920 shares of company stock valued at $10,514,356. 1.50% of the stock is currently owned by corporate insiders.

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.

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

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