Intercontinental Exchange Inc (ICE) : Aberdeen Asset Management Plcuk reduced its stake in Intercontinental Exchange Inc by 9.18% during the most recent quarter end. The investment management company now holds a total of 1,204,571 shares of Intercontinental Exchange Inc which is valued at $334,894,829 after selling 121,820 shares in Intercontinental Exchange Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Intercontinental Exchange Inc makes up approximately 1.21% of Aberdeen Asset Management Plcuk’s portfolio.
Other Hedge Funds, Including , Lourd Capital boosted its stake in ICE in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 2,001 shares of Intercontinental Exchange Inc which is valued at $556,318. Intercontinental Exchange Inc makes up approx 0.15% of Lourd Capital’s portfolio. Fny Managed Accounts added ICE to its portfolio by purchasing 240 company shares during the most recent quarter which is valued at $63,370. Intercontinental Exchange Inc makes up approx 0.06% of Fny Managed Accounts’s portfolio.Baltimore-washington Financial Advisors boosted its stake in ICE in the latest quarter, The investment management firm added 1,288 additional shares and now holds a total of 17,144 shares of Intercontinental Exchange Inc which is valued at $4,526,702. Intercontinental Exchange Inc makes up approx 1.31% of Baltimore-washington Financial Advisors’s portfolio.Strs Ohio boosted its stake in ICE in the latest quarter, The investment management firm added 72,309 additional shares and now holds a total of 266,028 shares of Intercontinental Exchange Inc which is valued at $70,242,033. Intercontinental Exchange Inc makes up approx 0.30% of Strs Ohio’s portfolio.Simplex Trading reduced its stake in ICE by selling 1,229 shares or 59.4% in the most recent quarter. The Hedge Fund company now holds 840 shares of ICE which is valued at $220,668. Intercontinental Exchange Inc makes up approx 0.03% of Simplex Trading’s portfolio.
Intercontinental Exchange Inc opened for trading at $278.52 and hit $280.01 on the upside on Thursday, eventually ending the session at $278.34, with a gain of 0.12% or 0.32 points. The heightened volatility saw the trading volume jump to 7,33,544 shares. Company has a market cap of $33,135 M.
On the company’s financial health, Intercontinental Exchange Inc reported $3.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $3.37. The company had revenue of $1129.00 million for the quarter, compared to analysts expectations of $1120.80 million. The company’s revenue was up 41.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.90 EPS.
Many Wall Street Analysts have commented on Intercontinental Exchange Inc. Company shares were Reiterated by Deutsche Bank on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 304 from a previous price target of $295 .Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 282 from a previous price target of $255 .Intercontinental Exchange Inc was Resumed by JP Morgan to “Neutral” on Jun 1, 2016.
Intercontinental Exchange Inc. (ICE) is a global operator of regulated exchanges clearing houses and data services for financial and commodity markets. The Company operates marketplaces for trading and clearing an array of securities and derivatives contracts across asset classes including energy and agricultural commodities equities and equity derivatives among others. Its regulated exchanges include futures exchanges in the United States United Kingdom Canada Singapore and Europe three securities exchanges and two equity options exchanges. The Company also operates over-the-counter (OTC) markets for physical energy and credit default swaps (CDS). Its products and services include Regulated Energy Futures Contracts Regulated Agricultural Futures Contracts Regulated Financial Futures Contracts Securities Products and Listings Credit Derivatives Products OTC Energy Products ICE Data Services and New York Stock Exchange (NYSE) Data Services.