HighPoint Advisor Group LLC acquired a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,117 shares of the financial services provider’s stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. DekaBank Deutsche Girozentrale raised its stake in Intercontinental Exchange by 0.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 305,727 shares of the financial services provider’s stock valued at $20,347,000 after acquiring an additional 1,603 shares during the last quarter. TCW Group Inc. raised its stake in Intercontinental Exchange by 4.2% during the 3rd quarter. TCW Group Inc. now owns 2,524,950 shares of the financial services provider’s stock valued at $173,464,000 after acquiring an additional 101,106 shares during the last quarter. Rhumbline Advisers raised its stake in Intercontinental Exchange by 1.7% during the 3rd quarter. Rhumbline Advisers now owns 1,039,493 shares of the financial services provider’s stock valued at $71,413,000 after acquiring an additional 17,477 shares during the last quarter. Advisor Group Inc. raised its stake in Intercontinental Exchange by 48.1% during the 3rd quarter. Advisor Group Inc. now owns 29,071 shares of the financial services provider’s stock valued at $1,997,000 after acquiring an additional 9,445 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in Intercontinental Exchange by 1,265.5% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 410,605 shares of the financial services provider’s stock valued at $28,209,000 after acquiring an additional 380,535 shares during the last quarter. 90.21% of the stock is owned by hedge funds and other institutional investors.

Several analysts have commented on ICE shares. Barclays PLC started coverage on Intercontinental Exchange in a research note on Friday, September 8th. They set an “overweight” rating and a $72.00 price objective for the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $73.00 price objective on shares of Intercontinental Exchange in a research note on Wednesday, August 23rd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $73.00 price objective on shares of Intercontinental Exchange in a research note on Sunday, October 8th. Zacks Investment Research downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Finally, Wells Fargo & Company upped their price objective on Intercontinental Exchange from $65.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, October 5th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $73.30.

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Shares of Intercontinental Exchange Inc. (NYSE:ICE) traded up $0.22 during mid-day trading on Wednesday, hitting $67.30. The stock had a trading volume of 1,701,600 shares, compared to its average volume of 2,653,486. The stock has a market cap of $39,243.56, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 2.48 and a beta of 0.71. Intercontinental Exchange Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $71.24. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Intercontinental Exchange had a return on equity of 11.01% and a net margin of 27.91%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 EPS. analysts expect that Intercontinental Exchange Inc. will post 2.95 earnings per share for the current year.

Intercontinental Exchange declared that its board has authorized a stock repurchase plan on Thursday, November 2nd that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

In related news, insider Charles A. Vice sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $64.32, for a total value of $804,000.00. Following the completion of the transaction, the insider now directly owns 382,471 shares of the company’s stock, valued at approximately $24,600,534.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott A. Hill sold 37,630 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $70.03, for a total value of $2,635,228.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 155,550 shares of company stock valued at $10,414,330. Company insiders own 1.50% of the company’s stock.

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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