Intercontinental Exchange Inc. (ICE) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in Intercontinental Exchange Inc. (NYSE:ICE) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,537,624 shares of the financial services provider’s stock after buying an additional 23,080 shares during the period. Dimensional Fund Advisors LP’s holdings in Intercontinental Exchange were worth $92,058,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Janus Capital Management LLC increased its position in shares of Intercontinental Exchange by 364.1% in the fourth quarter. Janus Capital Management LLC now owns 6,069,377 shares of the financial services provider’s stock worth $342,545,000 after buying an additional 4,761,527 shares in the last quarter. OppenheimerFunds Inc. increased its position in shares of Intercontinental Exchange by 340.8% in the first quarter. OppenheimerFunds Inc. now owns 5,641,157 shares of the financial services provider’s stock worth $337,737,000 after buying an additional 4,361,480 shares in the last quarter. Norges Bank acquired a new position in shares of Intercontinental Exchange during the fourth quarter worth about $228,969,000. Lone Pine Capital LLC increased its position in shares of Intercontinental Exchange by 250.0% in the fourth quarter. Lone Pine Capital LLC now owns 4,225,637 shares of the financial services provider’s stock worth $238,410,000 after buying an additional 3,018,408 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of Intercontinental Exchange by 379.4% in the fourth quarter. Macquarie Group Ltd. now owns 3,398,113 shares of the financial services provider’s stock worth $191,722,000 after buying an additional 2,689,297 shares in the last quarter. Institutional investors own 89.66% of the company’s stock.

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

Intercontinental Exchange Inc. (ICE) opened at 64.28 on Monday. The stock has a market cap of $7.40 billion, a P/E ratio of 24.82 and a beta of 0.77. Intercontinental Exchange Inc. has a 12 month low of $48.15 and a 12 month high of $65.00. The company’s 50-day moving average price is $61.12 and its 200-day moving average price is $59.36.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Wednesday, May 3rd. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Intercontinental Exchange had a return on equity of 10.67% and a net margin of 26.48%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the company earned $3.68 EPS. Intercontinental Exchange’s revenue was up .9% on a year-over-year basis. Equities analysts forecast that Intercontinental Exchange Inc. will post $2.99 earnings per share for the current year.

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ICE has been the topic of several research reports. Zacks Investment Research downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday, March 8th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $63.50 target price on shares of Intercontinental Exchange in a research report on Thursday, March 23rd. Jefferies Group LLC restated a “buy” rating and issued a $70.00 target price on shares of Intercontinental Exchange in a research report on Monday, April 10th. Royal Bank Of Canada initiated coverage on Intercontinental Exchange in a research report on Friday, March 31st. They issued a “sector perform” rating and a $60.00 target price on the stock. Finally, Deutsche Bank AG restated a “buy” rating and issued a $66.00 target price (down previously from $67.00) on shares of Intercontinental Exchange in a research report on Monday, May 15th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $65.15.

In related news, Director Jean Marc Forneri sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $63.00, for a total value of $252,000.00. Following the sale, the director now owns 29,300 shares of the company’s stock, valued at approximately $1,845,900. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Charles A. Vice sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $60.37, for a total value of $905,550.00. Following the completion of the sale, the insider now directly owns 384,971 shares in the company, valued at approximately $23,240,699.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 183,089 shares of company stock worth $10,990,583. 1.50% of the stock is owned by corporate insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ICE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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