ING Groep NV increased its stake in shares of IntercontinentalExchange Group Inc. (NYSE:ICE) by 33.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,065 shares of the company’s stock after buying an additional 13,424 shares during the period. ING Groep NV’s holdings in IntercontinentalExchange Group were worth $13,841,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Nordea Investment Management AB raised its stake in 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 last quarter. JPMorgan Chase & Co. raised its stake in 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 last quarter. Wellington Management Group LLP raised its stake 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 worth $673,634,000 after buying an additional 319,612 shares in the last quarter. Carmignac Gestion raised its stake in shares of IntercontinentalExchange Group by 12.0% in the second quarter. Carmignac Gestion now owns 2,633,120 shares of the company’s stock worth $673,973,000 after buying an additional 282,595 shares in the last quarter. Finally, Findlay Park Partners LLP acquired a new stake in shares of IntercontinentalExchange Group during the first quarter worth about $60,062,000. 90.04% of the stock is owned by institutional investors and hedge funds.
IntercontinentalExchange Group Inc. (NYSE:ICE) traded up 0.36% on Friday, reaching $269.36. The company’s stock had a trading volume of 682,121 shares. The firm has a market capitalization of $30.99 billion, a price-to-earnings ratio of 22.22 and a beta of 0.84. IntercontinentalExchange Group Inc. has a 52 week low of $224.64 and a 52 week high of $287.02. The company has a 50 day moving average of $279.73 and a 200 day moving average of $260.03.
IntercontinentalExchange Group (NYSE:ICE) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $3.43 EPS for the quarter, topping the Thomson Reuters’ 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 company earned $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the business earned $2.90 EPS. IntercontinentalExchange Group’s quarterly revenue was up 41.7% on a year-over-year basis. On average, analysts forecast that IntercontinentalExchange Group Inc. will post $13.83 earnings per share for the current year.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered IntercontinentalExchange Group from a “hold” rating to a “sell” rating in a research note on Monday, June 6th. Barclays PLC reissued an “overweight” rating and set a $307.00 price target (up from $295.00) on shares of IntercontinentalExchange Group in a research note on Thursday, August 11th. Keefe, Bruyette & Woods raised their price target on IntercontinentalExchange Group from $300.00 to $310.00 and gave the stock an “outperform” rating in a research note on Thursday, August 4th. Royal Bank Of Canada raised their price target on IntercontinentalExchange Group from $255.00 to $282.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 4th. Finally, Deutsche Bank AG raised their price target on IntercontinentalExchange Group from $295.00 to $304.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $296.18.
In other news, insider Thomas W. Farley sold 755 shares of the company’s stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $253.18, for a total value of $191,150.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott A. Hill sold 9,117 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $280.00, for a total value of $2,552,760.00. Following the completion of the sale, the chief financial officer now owns 38,809 shares of the company’s stock, valued at $10,866,520. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.
About IntercontinentalExchange Group
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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