Dimensional Fund Advisors LP boosted its stake in IntercontinentalExchange Group Inc. (NYSE:ICE) by 12.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,995 shares of the company’s stock after buying an additional 30,378 shares during the period. Dimensional Fund Advisors LP owned approximately 0.23% of IntercontinentalExchange Group worth $67,824,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB increased its position in shares of IntercontinentalExchange Group by 525.5% in the second quarter. Nordea Investment Management AB now owns 1,010,715 shares of the company’s stock valued at $258,703,000 after buying an additional 849,132 shares during the period. Emerald Acquisition Ltd. bought a new position in shares of IntercontinentalExchange Group during the second quarter valued at about $129,695,000. JPMorgan Chase & Co. increased its position in shares of IntercontinentalExchange Group by 15.8% in the first quarter. JPMorgan Chase & Co. now owns 2,814,315 shares of the company’s stock valued at $661,758,000 after buying an additional 384,685 shares during the period. Montag & Caldwell LLC increased its position in shares of IntercontinentalExchange Group by 7,279.1% in the second quarter. Montag & Caldwell LLC now owns 336,559 shares of the company’s stock valued at $86,146,000 after buying an additional 331,998 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of IntercontinentalExchange Group by 12.6% in the first quarter. Wellington Management Group LLP now owns 2,864,823 shares of the company’s stock valued at $673,634,000 after buying an additional 319,612 shares during the period. 90.04% of the stock is currently owned by institutional investors and hedge funds.
IntercontinentalExchange Group Inc. (NYSE:ICE) traded down 0.25% during mid-day trading on Thursday, reaching $270.27. The company had a trading volume of 128,636 shares. IntercontinentalExchange Group Inc. has a one year low of $224.64 and a one year high of $287.02. The firm has a market capitalization of $31.09 billion, a P/E ratio of 22.30 and a beta of 0.84. The firm’s 50-day moving average is $279.97 and its 200-day moving average is $259.97.
IntercontinentalExchange Group (NYSE:ICE) last released its earnings results on Wednesday, August 3rd. The company reported $3.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.38 by $0.05. IntercontinentalExchange Group had a return on equity of 10.72% and a net margin of 25.83%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the business posted $2.90 earnings per share. The business’s revenue for the quarter was up 41.7% on a year-over-year basis. On average, equities research analysts anticipate that IntercontinentalExchange Group Inc. will post $13.83 earnings per share for the current fiscal year.
ICE has been the topic of several research reports. Zacks Investment Research upgraded shares of IntercontinentalExchange Group from a “sell” rating to a “hold” rating in a research report on Friday, June 24th. Keefe, Bruyette & Woods upped their price target on shares of IntercontinentalExchange Group from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. Barclays PLC restated an “overweight” rating and set a $307.00 target price (up from $295.00) on shares of IntercontinentalExchange Group in a research report on Thursday, August 11th. JPMorgan Chase & Co. upgraded shares of IntercontinentalExchange Group from a “not rated” rating to a “neutral” rating and set a $284.00 target price on the stock in a research report on Wednesday, June 1st. Finally, Deutsche Bank AG upped their target price on shares of IntercontinentalExchange Group from $310.00 to $311.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $296.18.
In other news, insider Charles A. Vice sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $278.79, for a total transaction of $557,580.00. Following the sale, the insider now directly owns 61,983 shares in the company, valued at $17,280,240.57. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas W. Farley sold 755 shares of the business’s stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $253.18, for a total value of $191,150.90. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.
IntercontinentalExchange Group 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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