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Central Bank & Trust Co. reduced its stake in Intercontinental Exchange Inc. (NYSE: ICE) by 4.9% in the 2nd quarter, according to its institutional investor held 90,765 shares of the financial services provider after selling 4,704 shares in the quarter 2010. Intercontinental Exchange represents approximately 1.7% of the holdings of Central Bank & Trust Co. Its stake in the Intercontinental Exchange was worth $ 6,675,000 as of the date of its last filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have recently changed their portfolios. Bedel Financial Consulting Inc. purchased a new position in Intercontinental Exchange shares during the first quarter of approximately $ 127,000. & Family Asset Management LLC purchased a new interest in Intercontinental Exchange during the first quarter, valued at approximately $ 128,000. Mount Yale Investment Advisors LLC purchased a new interest in Intercontinental Exchange during the first quarter, valued at approximately $ 130,000. Signaturefd LLC purchased a new equity interest in Intercontinental Exchange shares during the first quarter, valued at approximately $ 142,000. Finally, Summit Trail Advisors LLC increased its holdings in Intercontinental Exchange shares by 5,968.0% during the first quarter. Summit Trail Advisors LLC now holds 144,662 shares of the financial services provider valued at $ 145,000 following the acquisition of 142,278 additional shares during the last quarter. Institutional investors and hedge funds own 88.90% of the shares of the company.
ICE was trading up $ 0.35 during opening hours on Wednesday, reaching $ 76.79. The company's stock had an exchange volume of 2,197,593 shares, against an average volume of 2,552,082 shares. Intercontinental Exchange Inc. has a 12-month low of $ 63.22 and a 12-month high of $ 76.97. The stock has a market capitalization of $ 44.36 billion, a PE ratio of 25.91, a P / E / G ratio of 2.13 and a beta of 0.64. The company has a debt ratio of 0.25, a ratio of 0.98 and a ratio of 0.98.
Intercontinental Exchange (NYSE: ICE) last announced its quarterly results on Thursday, May 3rd. The financial services provider reported earnings per share of $ 0.90 for the quarter, surpbading the consensus estimate of $ 0.88 per $ 0.02. Intercontinental Exchange had a net margin of 41.65% and a return on equity of 11.14%. The company achieved a turnover of $ 1.23 billion for the quarter, against $ 1.22 billion for badysts. In the same quarter of the previous year, the company posted earnings per share of $ 0.74. Intercontinental Exchange quarterly revenue increased 5.1% year-on-year. Research badysts predict that Intercontinental Exchange Inc. will post 3.54 earnings per share for the current year.
A number of brokerages have recently published reports on ICE. Citigroup increased its target price on the shares of Intercontinental Exchange from $ 76.00 to $ 80.00 and awarded the company a "neutral" rating in a report released Wednesday, July 18th. Barclays raised its intercontinental exchange share price target from $ 80.00 to $ 82.00 and gave the stock an overweight rating in a report on Thursday, July 12th. Zacks Investment Research downgraded Intercontinental Exchange shares from a "buy" rating to a "hold" rating in a report on Wednesday, July 11th. Wells Fargo & Co reissued a "Market Performance" rating and issued a price target of $ 80.00 (previously $ 74.00) on Intercontinental Exchange shares in a report on Monday, July 9th. Finally, Compbad Point began to hedge the shares of the Intercontinental Exchange in a research note on Friday, June 22. They established a "buy" note and a target price of $ 85.00 on the stock. Four financial badysts gave a rating to the stock and twelve attributed a purchase note to the stock. The company has an average rating of "Buy" and an average price target of $ 80.00
In other news of the Intercontinental Exchange, CEO Jeffrey C. Sprecher has sold 135,258 shares of the company. Intercontinental Exchange in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $ 70.95, for a total transaction of $ 9,596,555.10. Following the completion of the transaction, the CEO now directly holds 1,598,138 shares of the Company, valued at $ 113,387,891.10. The transaction has been disclosed in a legal deposit with the Securities & Exchange Commission, which can be accessed via this link. In addition, President Benjamin Jackson sold 3,395 shares of the Intercontinental Exchange in a transaction on Friday, June 15. The stock was sold at an average price of $ 74.07, for a total transaction of $ 251,467.65. The disclosure for this sale can be found here. Insiders sold 277,709 shares valued at $ 20,014,469 in the last 90 days. 1.50% of the stock is currently held by insiders of the company.
Intercontinental Exchange Profile
Intercontinental Exchange, Inc. operates regulated exchanges, clearing houses, and listings for financial markets and commodities in the United States United Kingdom, continental Europe, Asia, 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 various derivatives and securities contracts in various badet clbades, including energy and agricultural products, interest rates, equities, equity and credit derivatives, bonds and currencies. ] Read More: Short Stories and Day Traders
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