Intercontinental Exchange Inc. (NYSE:ICE) Position Raised by Gotham Asset Management LLC

Gotham Asset Management LLC raised its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 16.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,694 shares of the financial services provider’s stock after buying an additional 663 shares during the period. Gotham Asset Management LLC’s holdings in Intercontinental Exchange were worth $281,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. 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 valued at $2,098,452,000 after buying an additional 33,898,484 shares during 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 valued at $337,737,000 after buying an additional 4,361,480 shares during the last quarter. 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 valued at $191,722,000 after buying an additional 2,689,297 shares during the last quarter. 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 valued at $534,580,000 after buying an additional 1,443,992 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of 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 last quarter. 89.50% of the stock is currently owned by institutional investors.

Shares of Intercontinental Exchange Inc. (NYSE:ICE) traded up 0.28% during mid-day trading on Tuesday, hitting $64.55. 2,301,458 shares of the company traded hands. The firm has a 50-day moving average price of $65.74 and a 200 day moving average price of $61.19. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 24.92 and a beta of 0.71. Intercontinental Exchange Inc. has a 52-week low of $52.27 and a 52-week high of $67.48.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.75 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.75. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. The company’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. Equities research analysts anticipate that Intercontinental Exchange Inc. will post $2.95 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Intercontinental Exchange Inc. (NYSE:ICE) Position Raised by Gotham Asset Management LLC” was originally published by BBNS and is the sole property of of BBNS. If you are accessing this report on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The correct version of this report can be read at https://baseballnewssource.com/markets/intercontinental-exchange-inc-nyseice-shares-bought-by-gotham-asset-management-llc-updated-updated-updated/1194819.html.

ICE has been the topic of several research reports. Zacks Investment Research raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $70.00 target price on shares of Intercontinental Exchange in a report on Monday, April 10th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $65.50 target price on shares of Intercontinental Exchange in a report on Wednesday, April 12th. Citigroup Inc. began coverage on shares of Intercontinental Exchange in a report on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 target price on the stock. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $66.00 target price (down previously from $67.00) on shares of Intercontinental Exchange in a report on Monday, May 15th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $67.49.

In other news, insider Charles A. Vice sold 12,500 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $66.93, for a total transaction of $836,625.00. Following the completion of the transaction, the insider now directly owns 382,471 shares in the company, valued at approximately $25,598,784.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William Jefferson Hague sold 1,150 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $59.94, for a total value of $68,931.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 166,389 shares of company stock valued at $10,279,500. Corporate insiders own 1.50% of the company’s stock.

Intercontinental Exchange 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.

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

Receive News & Ratings for Intercontinental Exchange Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury


Leave a Reply

 
© 2006-2017 BBNS.