Mcrae Capital Management Inc. invests $ 737,000 in Intercontinental Exchange Inc (ICE)

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Intercontinental Exchange logo "title =" Intercontinental Exchange logo "clbad =" companylogo "/> Mcrae Capital Management Inc. has acquired a new position in Intercontinental Exchange Inc. (NYSE: ICE) in the 2nd quarter, according to its most recent 13F The company bought 10,025 shares of the financial services business, valued at about $ 737,000 </p> <p> Several other large investors also recently bought and sold shares of the company, Bishop Rock Capital LP has raised its stake in Intercontinental Bishop Rock Capital LP now holds 71,792 shares in the financial services provider valued at $ 5,206,000 after acquiring 9,981 additional shares in the last quarter and Lake Street Advisors Group LLC has bought a new position in Intercontinental Exchange during the fourth quarter Chemical Bank raised its holdings in Intercontinental Exchange by 10.5% during fourth quarter The chemical bank now owns 24,546 shares of the company's financial services provider worth $ 1,732,000 after acquiring 2,341 additional shares in the last quarter. LPL Financial LLC lifted its stake in Intercontinental Exchange by 29.7% in the fourth quarter. LPL Financial LLC now holds 107,236 shares of the financial services provider valued at $ 7,567,000 after acquiring 24,573 additional shares in the last quarter. Finally, Jump Trading LLC increased its holdings in Intercontinental Exchange by 200.5% in the fourth quarter. Jump Trading LLC now holds 46,702 shares in the financial services provider's business worth $ 3,295,000 after acquiring an additional 31,159 shares in the last quarter. Institutional investors and hedge funds own 88.75% of the company's shares. </p> <p> In other news of the Intercontinental Exchange, President Benjamin Jackson sold 3,395 shares of the Intercontinental Exchange in a transaction dated Friday, June 15. The stock was sold at an average price of $ 74.07, for a total value of $ 251,467.65. The transaction was disclosed in a SEC filing which is accessible via this link. In addition, director William Jefferson Hague sold 1,010 shares of Intercontinental Exchange during a transaction dated Thursday, May 24. The shares were sold at an average price of $ 71.14, for a total value of $ 71,851.40. The disclosure for this sale can be found here. Insiders sold a total of 269,811 shares valued at $ 19,421,645 in the last three months. Insiders of the company own 1.50% of the shares of the company. </p> <p> ICE has been the subject of several reports by recent badysts. Zacks Investment Research lowered the Intercontinental Exchange index from a "hold" rating to a "sell" rating in a report on Tuesday, June 12. ValuEngine upgraded Intercontinental Exchange from "hold" to "buy" in a report on Monday, April 2nd. Compbad Point initiated a report on Intercontinental Exchange in a report on Friday, June 22. They established a "buy" note and a target price of $ 85.00 on the stock. JPMorgan Chase & Co. has set a target price of $ 83.00 on Intercontinental Exchange and has awarded a "buy" rating to the title in a report released on Wednesday, May 2nd. Finally, Deutsche Bank raised its target price on the Intercontinental Exchange from $ 80.00 to $ 81.00 and awarded a "buy" rating in a report on Friday, April 6th. Four badysts rated the stock with a reserve rating and twelve issued a purchase note for the company's stock. The stock currently has a consensual rating of "Buy" and an average target price of $ 79.80. </p> <p> ICE shares traded at $ 0.50 at midday Monday, reaching $ 75.20. The stock had a trading volume of 56,090 shares, compared to its average volume of 1 874 758. Intercontinental Exchange Inc. has a twelve-month low of $ 63.22 and a twelve-month high of $ 76.69. The company has a market capitalization of $ 43.27 billion, a price / earnings ratio of 25.41, a price / earnings ratio of 2.08 and a beta of 0.64. The company has a debt-to-equity ratio of 0.25, a liquidity ratio of 0.98 and a fast ratio of 0.98. </p> <p> Intercontinental Exchange (NYSE: ICE) last published 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 a consensus estimate of $ 1.22 billion. During the same quarter last year, the company posted earnings per share of $ 0.74. The company's revenue for the quarter rose 5.1% year-on-year. The sell-side badysts predict that Intercontinental Exchange Inc. will post 3.54 earnings per share for the current fiscal year. </p> <p> <strong> Company Profile Intercontinental Exchange </strong> </p> <p> Intercontinental Exchange, Inc. operates regulated exchanges, clearing houses and points of sale for financial markets and commodities in the United States. United, United Kingdom, Continental Europe 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. For more information: Understanding badysts' notes <br /> <!--ViewCount:ArticleHistoryID=21437099&PostDate=2018-7-16&type=f&id=3718407--> </p> <p> <strong> Want to see what other hedge funds hold in ICE? </strong> Visit HoldingsChannel.com to get the latest deposits and 13F insider trading for Intercontinental Exchange Inc. (NYSE: ICE) </p> <p style= Institutional Property Quarterly for the Intercontinental Exchange (NYSE: ICE) " title = "Institutional Quarterly Property for the Intercontinental Exchange (NYSE: ICE)" /> </p> <p> <!-- end inline unit --></p> <p> <!-- end main text --></p> <p> <!-- Invalidate Article --></p> <p> <!-- End Invalidate --></p> <p><!--Begin Footer Opt-In--></p> <p style= Receive News and Ratings for Intercontinental Exchange Daily – Enter your Email Address below to receive a concise daily summary of the latest news and badyst ratings for Intercontinental Exchange and the companies related to MarketBe FREE daily news bulletin from at.com.

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