Arcadia Investment Management Corp MI decreased its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,720 shares of the financial services provider’s stock after selling 4,200 shares during the quarter. Intercontinental Exchange comprises 2.7% of Arcadia Investment Management Corp MI’s holdings, making the stock its 6th biggest position. Arcadia Investment Management Corp MI owned approximately 0.11% of Intercontinental Exchange worth $8,706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. PGGM Investments boosted its holdings in shares of Intercontinental Exchange by 5.1% in the 3rd quarter. PGGM Investments now owns 298,509 shares of the financial services provider’s stock valued at $20,508,000 after acquiring an additional 14,567 shares during the last quarter. Tandem Investment Advisors Inc. boosted its holdings in Intercontinental Exchange by 2.1% during the third quarter. Tandem Investment Advisors Inc. now owns 135,441 shares of the financial services provider’s stock worth $9,305,000 after buying an additional 2,803 shares in the last quarter. Park National Corp OH boosted its holdings in Intercontinental Exchange by 48.1% during the third quarter. Park National Corp OH now owns 95,016 shares of the financial services provider’s stock worth $6,527,000 after buying an additional 30,843 shares in the last quarter. WFG Advisors LP boosted its holdings in Intercontinental Exchange by 10.1% during the second quarter. WFG Advisors LP now owns 11,699 shares of the financial services provider’s stock worth $771,000 after buying an additional 1,075 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in Intercontinental Exchange by 25.4% during the second quarter. Toronto Dominion Bank now owns 201,609 shares of the financial services provider’s stock worth $13,287,000 after buying an additional 40,863 shares in the last quarter. Institutional investors and hedge funds own 89.62% of the company’s stock.

A number of analysts recently issued reports on ICE shares. Citigroup Inc. started coverage on shares of Intercontinental Exchange in a report on Wednesday, July 12th. They set a “neutral” rating and a $67.00 price target on the stock. Jefferies Group LLC reissued a “buy” rating and set a $70.00 price target on shares of Intercontinental Exchange in a report on Monday, June 26th. Barclays PLC started coverage on shares of Intercontinental Exchange in a report on Friday, September 8th. They set an “overweight” rating and a $72.00 price target on the stock. Zacks Investment Research downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $73.00 price target on shares of Intercontinental Exchange in a report on Sunday, October 8th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $72.33.

In other Intercontinental Exchange news, insider Charles A. Vice sold 12,500 shares of the business’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 sale, the insider now directly owns 382,471 shares in the company, valued at approximately $25,598,784.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey C. Sprecher sold 80,420 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $65.24, for a total transaction of $5,246,600.80. The disclosure for this sale can be found here. Insiders have sold a total of 155,550 shares of company stock worth $10,394,455 over the last 90 days. Insiders own 1.50% of the company’s stock.

Intercontinental Exchange Inc. (NYSE ICE) traded down 0.76% during trading on Monday, reaching $65.62. 792,781 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $67.52 and its 200-day moving average price is $64.22. Intercontinental Exchange Inc. has a one year low of $52.27 and a one year high of $71.24. The stock has a market cap of $7.55 billion, a P/E ratio of 24.31 and a beta of 0.74.

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

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About Intercontinental Exchange

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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