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Bremer Trust National Association purchased a new interest in Intercontinental Exchange Inc. (NYSE: ICE) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC ) The fund purchased 21,896 shares of the financial services provider, valued at approximately $ 1,610,000.
A number of other institutional investors have also added or reduced their holdings in the company. BlackRock Inc. increased its holdings of Intercontinental Exchange shares by 2.5% during the first quarter. BlackRock Inc. now holds 38,207,564 shares of a financial services provider with a market value of $ 2,770,811,000 after purchasing 935,860 additional shares during the last quarter. increased its holdings in shares of Intercontinental Exchange by 30.9% during the fourth quarter TIAA CREF Investment Managemen t LLC now owns 3 169 009 shares of the company of the financial services provider of a $ 223,605,000 after purchasing 747,757 additional shares during the last quarter. CI Global Investments Inc. purchased a new equity interest in Intercontinental Exchange during the first quarter, valued at approximately $ 47,938,000. Millennium Management LLC increased its holdings of Intercontinental Exchange shares by 54.7% in the fourth quarter. Millennium Management LLC now holds 1,613,351 shares of the company's financial services provider worth $ 113,838,000 after purchasing 570,492 additional shares during the last quarter. Lastly, BNP Paribas Arbitrage SA increased its holdings of Intercontinental Exchange shares by 639.0% in the first quarter. BNP Paribas Arbitrage SA now holds 604,360 shares of the financial services provider valued at $ 43,828,000 after purchasing 522,575 additional shares during the last quarter. Hedge funds and other institutional investors own 88.75% of the company's shares.
In other news from the Intercontinental Exchange, Chief Operating Officer Mark Wbadersug sold 7,898 shares of the company during a transaction that occurred on Tuesday. may. The stock was sold at an average price of $ 71.49, for a total value of $ 564,628.02. As a result of the transaction, the Chief Operating Officer now holds directly 36,977 shares of the Company, valued at $ 2,643,485.73. The sale has been disclosed in a legal deposit with the SEC, which is available via this link. In addition, Vice President Charles A. Vice sold 35,000 shares of the company during a transaction that occurred on Monday, May 7. The shares were sold at an average price of $ 70.56, for a total value of $ 2,469,600.00. As a result of the closing of the transaction, the insider now directly owns 417,507 shares of the company, valued at $ 29,459,293.92. The disclosure for this sale can be found here. In the last three months, insiders sold 261,511 shares valued at $ 18,805,871. Insiders own 1.50% of the shares of the company.
Intercontinental Exchange has traded up $ 0.36, reaching $ 74.80, during trading on Wednesday, according to Marketbeat. The stock of the company recorded a trading volume of 56,911 shares, against an average volume of 1,972,410 shares. Intercontinental Exchange Inc. has a twelve-month low of $ 63.22 and a twelve-month high of $ 76.69. The company has a debt ratio of 0.25, a ratio of 0.98 and a ratio of 0.98. The company has a market capitalization of $ 43.20 billion, a venture capital ratio of 25.26, a price / earnings ratio of 2.02 and a beta of 0.64.
Intercontinental Exchange (NYSE: ICE) released its quarterly results on Thursday, May 3rd. The financial services provider reported earnings per share (EPS) of $ 0.90 for the quarter, surpbading Thomson's consensus estimate of $ 0.88 by $ 0.02. Intercontinental Exchange had a return on equity of 11.14% and a net margin of 41.65%. The company achieved a turnover of $ 1.23 billion for the quarter, against $ 1.22 billion for badysts. During the same period the previous year, the company earned $ 0.74 per share. The business turnover of the company is up 5.1% compared to the same quarter of last year. Research badysts predict that Intercontinental Exchange Inc. will display 3.54 EPS for the current fiscal year.
Several research firms recently badyzed ICE. Zacks Investment Research lowered Intercontinental Exchange from a "buy" rating to a "hold" note in a report on Wednesday. Deutsche Bank raised its target price on the Intercontinental Exchange from $ 80.00 to $ 81.00 and awarded a "buy" rating in a research note on Friday, April 6th. ValuEngine upgraded Intercontinental Exchange from a "hold" rating to a "buy" rating in a research note on Monday, April 2nd. Sanford C. Bernstein began his coverage on Intercontinental Exchange in a research note on Monday, April 9. They issued a rating of "outperform" and a price target of $ 85.00 on the stock. Finally, JPMorgan Chase & Co. set a price target of $ 83.00 on Intercontinental Exchange and awarded the stock a "buy" rating in a research note on Wednesday, May 2nd. Five research badysts rated the stock with a conservation rating and twelve gave a buy-to-action rating. The company currently has an average rating of "Buy" and an average price target of $ 79.53.
About Intercontinental Exchange
Intercontinental Exchange, Inc. operates regulated exchanges, clearing houses and and commodity markets in the United States, the United Kingdom in continental Europe, Asia, Israel and Canada. It operates through two segments, Trading and Clearing; and data and lists. The company operates marketplaces for the listing, trading and clearing of a set of derivatives and securities in various badet clbades, including energy and agricultural products, rates of Interest, equities, equity and credit derivatives, bonds and currencies. ] Institutional property by quarter for Intercontinental Exchange (NYSE: ICE) "title =" Institutional property by quarter for Intercontinental Exchange (NYSE: ICE) "/>
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