Intercontinental Exchange Inc. (ICE) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. cut its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 133,243 shares of the financial services provider’s stock after selling 4,330 shares during the period. Hartford Investment Management Co. owned approximately 0.12% of Intercontinental Exchange worth $8,783,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Intercontinental Exchange by 3.8% in the first quarter. Vanguard Group Inc. now owns 39,318,668 shares of the financial services provider’s stock valued at $2,354,009,000 after buying an additional 1,425,397 shares during the period. BlackRock Inc. increased its position in shares of Intercontinental Exchange by 2,943.4% in the first quarter. BlackRock Inc. now owns 35,050,179 shares of the financial services provider’s stock worth $2,098,452,000 after buying an additional 33,898,484 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Intercontinental Exchange by 2.8% in the first quarter. Wellington Management Group LLP now owns 26,817,902 shares of the financial services provider’s stock worth $1,605,588,000 after buying an additional 721,080 shares during the last quarter. State Street Corp increased its position in shares of Intercontinental Exchange by 1.9% in the first quarter. State Street Corp now owns 25,648,056 shares of the financial services provider’s stock worth $1,535,555,000 after buying an additional 481,909 shares during the last quarter. Finally, FMR LLC increased its position in shares of Intercontinental Exchange by 19.3% in the first quarter. FMR LLC now owns 8,929,000 shares of the financial services provider’s stock worth $534,580,000 after buying an additional 1,443,992 shares during the last quarter. Hedge funds and other institutional investors own 89.50% of the company’s stock.

Intercontinental Exchange Inc. (NYSE ICE) traded up 0.28% during mid-day trading on Tuesday, hitting $64.55. 2,301,458 shares of the stock were exchanged. The company has a 50-day moving average price of $65.74 and a 200-day moving average price of $61.19. Intercontinental Exchange Inc. has a one year low of $52.27 and a one year high of $67.48. The company has a market cap of $7.43 billion, a P/E ratio of 24.92 and a beta of 0.71.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.75. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 EPS. Analysts forecast that Intercontinental Exchange Inc. will post $2.95 earnings per share for the current fiscal year.

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A number of analysts recently weighed in on ICE shares. Jefferies Group LLC reissued a “buy” rating and issued a $70.00 price objective on shares of Intercontinental Exchange in a research report on Monday, April 10th. Royal Bank Of Canada set a $61.00 target price on shares of Intercontinental Exchange and gave the stock a “hold” rating in a research report on Thursday, April 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $65.50 target price on shares of Intercontinental Exchange in a research report on Wednesday, April 12th. BidaskClub upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Citigroup Inc. initiated coverage on shares of Intercontinental Exchange in a research note on Wednesday, July 12th. They set a “neutral” rating and a $67.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Intercontinental Exchange currently has a consensus rating of “Buy” and a consensus price target of $67.49.

In related news, Director Jean Marc Forneri sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $58.27, for a total value of $349,620.00. Following the completion of the sale, the director now owns 47,350 shares of the company’s stock, valued at approximately $2,759,084.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffrey C. Sprecher sold 73,374 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $59.91, for a total value of $4,395,836.34. The disclosure for this sale can be found here. Insiders sold a total of 166,389 shares of company stock worth $10,279,500 in the last quarter. 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.

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

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