Alerus Financial NA purchased a new stake in Intercontinental Exchange Inc. (NYSE:ICE) during the second quarter, according to its most recent filing with the SEC. The fund purchased 64,570 shares of the financial services provider’s stock, valued at approximately $4,256,000.

Several other large investors have also made changes to their positions in ICE. Norway Savings Bank boosted its stake in shares of Intercontinental Exchange by 16.7% in the second quarter. Norway Savings Bank now owns 1,640 shares of the financial services provider’s stock valued at $108,000 after buying an additional 235 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Intercontinental Exchange by 186.5% in the second quarter. Bessemer Group Inc. now owns 1,905 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,240 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in shares of Intercontinental Exchange during the second quarter valued at $128,000. First Personal Financial Services boosted its stake in shares of Intercontinental Exchange by 20.4% in the second quarter. First Personal Financial Services now owns 2,122 shares of the financial services provider’s stock valued at $140,000 after buying an additional 360 shares during the last quarter. Finally, Guardian Life Insurance Co. of America boosted 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 valued at $138,000 after buying an additional 16 shares during the last quarter. 89.74% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Inc. (NYSE ICE) traded up 0.34% during midday trading on Friday, reaching $64.89. 171,093 shares of the company were exchanged. The company has a market capitalization of $7.47 billion, a PE ratio of 24.04 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. The firm has a 50-day moving average price of $65.60 and a 200-day moving average price of $62.17.

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

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Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Intercontinental Exchange in a research report on Tuesday, August 15th. BidaskClub cut shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $73.00 price target (up previously from $70.00) on shares of Intercontinental Exchange in a research report on Monday, July 17th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $66.00 price target (down previously from $67.00) on shares of Intercontinental Exchange in a research report on Monday, May 15th. Finally, Citigroup Inc. assumed coverage on shares of Intercontinental Exchange in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 price target for the company. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $68.36.

In other Intercontinental Exchange news, Director Jean Marc Forneri sold 19,000 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $61.77, for a total value of $1,173,630.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Scott A. Hill sold 17,000 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $65.00, for a total transaction of $1,105,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,920 shares of company stock valued at $9,608,806. 1.50% of the stock is owned by 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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