Today, Bronfman E.L. Rothschild L.P. Cuts Stake in IntercontinentalExchange Group Inc. (ICE)

Today, Bronfman E.L. Rothschild L.P. Cuts Stake in IntercontinentalExchange Group Inc. (ICE)
Bronfman E.L. Rothschild L.P. cut its position in IntercontinentalExchange Group Inc. (NYSE:ICE) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,694 shares of the company’s stock after selling 29 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in IntercontinentalExchange Group were worth $456,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Boys Arnold & Co. Inc. increased its stake in shares of IntercontinentalExchange Group by 196.4% in the second quarter. Boys Arnold & Co. Inc. now owns 3,142 shares of the company’s stock worth $804,000 after buying an additional 2,082 shares in the last quarter. Gofen & Glossberg LLC IL increased its stake in shares of IntercontinentalExchange Group by 6.6% in the second quarter. Gofen & Glossberg LLC IL now owns 19,568 shares of the company’s stock worth $5,009,000 after buying an additional 1,205 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of IntercontinentalExchange Group by 6.9% in the second quarter. Capstone Asset Management Co. now owns 12,124 shares of the company’s stock worth $3,103,000 after buying an additional 783 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of IntercontinentalExchange Group by 1.0% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 118,477 shares of the company’s stock worth $30,326,000 after buying an additional 1,166 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX increased its stake in shares of IntercontinentalExchange Group by 6.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 30,815 shares of the company’s stock worth $7,887,000 after buying an additional 1,869 shares in the last quarter. 17.92% of the stock is currently owned by institutional investors and hedge funds.

IntercontinentalExchange Group Inc. (NYSE:ICE) traded up 0.28% during midday trading on Friday, hitting $54.48. 117,437 shares of the stock traded hands. IntercontinentalExchange Group Inc. has a one year low of $45.44 and a one year high of $58.70. The company has a market cap of $6.27 billion, a PE ratio of 22.32 and a beta of 0.93. The company’s 50-day moving average is $54.10 and its 200-day moving average is $53.75.

IntercontinentalExchange Group (NYSE:ICE) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $3.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.22 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. IntercontinentalExchange Group had a net margin of 25.29% and a return on equity of 10.57%. The business’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.91 EPS. Equities research analysts expect that IntercontinentalExchange Group Inc. will post $2.74 EPS for the current fiscal year.

A number of analysts have recently issued reports on ICE shares. Jefferies Group raised their price target on shares of IntercontinentalExchange Group from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, October 11th. Zacks Investment Research downgraded shares of IntercontinentalExchange Group from a “hold” rating to a “sell” rating in a report on Friday, October 7th. Deutsche Bank AG lifted their target price on shares of IntercontinentalExchange Group from $62.00 to $62.20 and gave the company a “buy” rating in a report on Friday, September 9th. RBC Capital Markets reiterated a “sector perform” rating and issued a $56.40 target price (up previously from $51.00) on shares of IntercontinentalExchange Group in a report on Thursday, August 4th. Finally, Barclays PLC lifted their target price on shares of IntercontinentalExchange Group from $59.00 to $61.40 and gave the company an “overweight” rating in a report on Thursday, August 4th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $59.47.

In other IntercontinentalExchange Group news, insider Charles A. Vice sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $264.84, for a total transaction of $397,260.00. Following the transaction, the insider now owns 61,483 shares of the company’s stock, valued at $16,283,157.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Thomas W. Farley sold 1,900 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $283.03, for a total transaction of $537,757.00. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

About IntercontinentalExchange Group

Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.

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