Chemical Bank grew its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 28.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,875 shares of the financial services provider’s stock after acquiring an additional 5,005 shares during the period. Chemical Bank’s holdings in Intercontinental Exchange were worth $1,508,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Thompson Davis & CO. Inc. grew its position in Intercontinental Exchange by 2.2% in the second quarter. Thompson Davis & CO. Inc. now owns 1,517 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 32 shares in the last quarter. Norway Savings Bank grew its position in Intercontinental Exchange by 16.7% in the second quarter. Norway Savings Bank now owns 1,640 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 235 shares in the last quarter. Bessemer Group Inc. grew its position in Intercontinental Exchange by 186.5% in the second quarter. Bessemer Group Inc. now owns 1,905 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 1,240 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Intercontinental Exchange in the second quarter worth approximately $128,000. Finally, Guardian Life Insurance Co. of America grew its position in 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 acquiring an additional 16 shares in the last quarter. 89.74% of the stock is owned by institutional investors.

Several analysts have commented on ICE shares. Jefferies Group LLC reissued a “buy” rating and issued a $73.00 target price on shares of Intercontinental Exchange in a research report on Wednesday, August 23rd. Royal Bank Of Canada reissued a “buy” rating on shares of Intercontinental Exchange in a research report on Tuesday, August 15th. Zacks Investment Research raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research report on Thursday, July 13th. BidaskClub raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Citigroup Inc. started coverage on shares of Intercontinental Exchange in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 target price for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $68.81.

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 value of $836,625.00. Following the completion of the transaction, the insider now directly owns 382,471 shares of the company’s stock, valued at $25,598,784.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Charles A. Vice sold 15,000 shares of the firm’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $66.33, for a total transaction of $994,950.00. Following the completion of the transaction, the insider now directly owns 384,971 shares of the company’s stock, valued at $25,535,126.43. The disclosure for this sale can be found here. Insiders sold 137,420 shares of company stock valued at $8,987,176 over the last three months. 1.50% of the stock is owned by company insiders.

Shares of Intercontinental Exchange Inc. (NYSE:ICE) traded down 0.29% during mid-day trading on Wednesday, hitting $66.19. 269,035 shares of the stock were exchanged. Intercontinental Exchange Inc. has a 12-month low of $52.27 and a 12-month high of $67.48. The firm has a 50-day moving average price of $65.45 and a 200 day moving average price of $62.52. The company has a market capitalization of $7.61 billion, a PE ratio of 24.52 and a beta of 0.72.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business earned $0.69 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. On average, equities research analysts expect that Intercontinental Exchange Inc. will post $2.94 earnings per share for the current year.

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Intercontinental Exchange 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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