WinlsLab Capital Management LLC has reduced its stake in shares of InterContinental Exchange Inc. (NYSE: ICE) by 2.1% in the 3rd quarter, according to the company in its recently filed with the Securities and Exchange Commission (SEC). The company owns 4,294,227 shares of the Financial Services Provider's stock after selling 93,186 shares during the quarter. InterContinental Exchange makes up 1.6% of winsling capital management LLC of investing portfolio, making the stock its 25th biggest hold. Cornwall Capital Management LLC owned approximately 0.75% of the InterContinental Exchange worth $ 321,594,000 as its most recent filing with the Securities and Exchange Commission (SEC).
A number of other Hedge funds and other institutional investors also have recently modified their hardware of ice. Ontario teacher pension plan counselor pushed his position into shares of InterContinental Exchange by 77.6% in the 3rd quarter. Ontario Teachers Pension Board Board now owns 91,173 shares of the Financial Services provider's stock worth $ 6,828,000 after acquiring an additional 39,823 shares in the last quarter. CIBC World Markets Inc. Based its position in shares of InterContinental Exchange by 17.8% in the 3rd quarter. CIBC World Markets Inc. Now owns 28,706 shares of the financial services provider's stock worth $ 2,150,000 after acquiring an additional 4,336 shares in the last quarter. Brotherman asset management LLC boosted its position in shares of InterContinental Exchange by 5.9% in the 3rd quarter. Broodman asset management LLC now owns 74,186 shares of the financial services provider's stock worth $ 5,556,000 after acquiring an additional 4,154 shares in the last quarter. CI Global Investments Inc. Busted its position in shares of InterContinental Exchange by 1.6% in the 3rd quarter. CI Global Investments Inc. Now owns 381,931 shares of the financial services provider's stock worth $ 28,603,000 after acquiring an additional 5,870 share in the last quarter. Finally, American International Group Inc. Busted its position in shares of Intercontinental Exchange by 4.4% in the 3rd quarter. American International Group Inc. Now ownership of 236,055 shares of the financial services provider's stock is worth $ 17,678,000 after acquiring an additional 9,941 shares in the last quarter. Institutional investors own 88.92% of the company's stock.
A number of brokaries recently published reports on ice. Wells Forgo & Co. opt their target price on InterContinental Exchange from $ 80.00 to $ 81.00 and given the company a "Market Perform" rating in a research report on Thursday, November 1. Zacks Investment Research Raises InterContinental Exchange of a "Sell "Raised to a" hop "rating in a research report on Wednesday, September 19. Deutsche Bank upgrade their target price on the InterContinental Exchange of $ 82.00 to $ 83.00 and granted the company a" buy "rating in a research report on Thursday 27 September. FIX has started coverage on InterContinental Exchange in a research report on Wednesday, September 5th. They issued a "buy" rating and a $ 88.00 target price for the company. Finally, Valuengine cut intercontinental exchange from a "buy" rating to a "stop" rating in a research report on Tuesday, October 2. Three analysts have rated the stock with a stop rating and twelve have assigned a purchase rank to the company & Camp. The stock has a consensus rating of "buy" and a consensus target price of $ 84.50.
In other InterContinental Exchange News, Vice Chairman Charles A. Vice sold 35,000 shares of the stock in a transaction that occurred on Wednesday, 5th September. The stock was sold at an average price of $ 77.09, for a total transaction of $ 2,698,150.00 . Following the completion of the sale, the insider now has a total of 419,907 shares of the company's stock, valued at approximately $ 32,370,630.63. The Transaction is issued in a legal filing with the Securities & Exchange Commission, which can be accessed through the hyperlink. Also, CFO Scott A. Hill sold 70,659 shares of the stock in a transaction that occurred on Thursday, September 6. The stock was sold at an average price of $ 76.56, for a total value of $ 5,409,653.04. Following the sale, the main financial officer currently has a total of 231,782 shares of the company's stock, valued at $ 17,745,229.92. The sale statement can be found here. Insiders have sold a total of 220,625 shares of company stock valued at $ 16,971,970 over the last ninety days. 1.50% of the stock is owned by insiders.
InterContinental Exchange stock monthly down $ 0.40 in mid-day trading on Friday, reaching $ 78.93. 281,672 shares of the company were exchanged, compared with its average volume of 3,677,937. InterContinental Exchange Inc. has a twelve month low of $ 66.92 and a twelve month high of $ 81.95. The company has a current ratio of 1.00, a fast ratio of 1.00 and a debt-to-fair ratio of 0.38. The stock market has a market capitalization of $ 45.19 billion, a cost-to-earned ratio of 26.76, a PEG ratio of 2.29 and a beta of 0.53.
InterContinental Exchange (NYSE: ICE) last posted its quarterly earnings date on Wednesday, October 31. The Financial Services Providers reported $ 0.85 Earnings per share for the quarter, tapping analysts' consensus estimates of $ 0.80 by $ 0.05. InterContinental Exchange has a return on equity of 11.67% and a net margin of 43.09%. The company has revenue of $ 1.20 billion during the quarter, compared with analysts' expectations of $ 1.19 billion. During the same time last year, the company earned $ 0.73 EPS. The revenue for the quarter was 4.7% on a year-on-year basis. Accounting analysts predict that InterContinental Exchange Inc. will post 3.52 earnings per share for the current year.
InterContinental Exchange explains that its director of the board has initiated a share repurchase program on Wednesday, October 31, which allows the company to buy back $ 2.00 billion in shares. The buyback backup allows the financial services provider to repurchase up to 4.8% of its shares through open market purchases. Shares Buyback Programs are often an indication that the company's management believes its stock is undervalued.
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About InterContinental Exchange
InterContinental Exchange, Inc. operates regulated exchanges, securities houses, and listings for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates by two segments, trading and clearing; And date and listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.
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