Trade Report: Today: 990 Shares of IntercontinentalExchange Group Inc. (ICE) are sold by Premier Asset Managment LLC

Today: 990 Shares of IntercontinentalExchange Group Inc. (ICE) are sold by Premier Asset Managment LLC

Premier Asset Managment LLC decreased its position in IntercontinentalExchange Group Inc. (NYSE:ICE) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,213 shares of the company’s stock after selling 990 shares during the period. IntercontinentalExchange Group makes up approximately 3.3% of Premier Asset Managment LLC’s investment portfolio, making the stock its 6th largest position. Premier Asset Managment LLC’s holdings in IntercontinentalExchange Group were worth $13,256,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ICE. D. Scott Neal Inc. increased its stake in shares of IntercontinentalExchange Group by 100.0% in the second quarter. D. Scott Neal Inc. now owns 400 shares of the company’s stock valued at $102,000 after buying an additional 200 shares during the period. Point72 Asia Hong Kong Ltd purchased a new stake in shares of IntercontinentalExchange Group during the second quarter valued at about $102,000. LSV Asset Management purchased a new stake in shares of IntercontinentalExchange Group during the second quarter valued at about $116,000. Johnson Financial Group Inc. increased its stake in shares of IntercontinentalExchange Group by 225.0% in the second quarter. Johnson Financial Group Inc. now owns 468 shares of the company’s stock valued at $120,000 after buying an additional 324 shares during the period. Finally, WFG Advisors LP increased its stake in shares of IntercontinentalExchange Group by 23.8% in the second quarter. WFG Advisors LP now owns 618 shares of the company’s stock valued at $158,000 after buying an additional 119 shares during the period. Institutional investors own 17.77% of the company’s stock.

Shares of IntercontinentalExchange Group Inc. (NYSE:ICE) traded down 1.106% on Monday, hitting $54.085. 1,343,344 shares of the stock traded hands. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 22.157 and a beta of 0.93. The stock has a 50 day moving average price of $54.15 and a 200-day moving average price of $53.76. IntercontinentalExchange Group Inc. has a 52 week low of $45.44 and a 52 week high of $58.70.

IntercontinentalExchange Group (NYSE:ICE) last released its earnings results on Tuesday, November 1st. The company reported $3.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.22 by $0.01. The company earned $1.10 billion during 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 firm’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.91 earnings per share. On average, equities research analysts forecast that IntercontinentalExchange Group Inc. will post $2.74 EPS for the current year.

Several equities research analysts recently issued reports on ICE shares. Deutsche Bank AG raised their target price on shares of IntercontinentalExchange Group from $59.00 to $60.80 and gave the company a “buy” rating in a research note on Thursday, August 4th. Barclays PLC reiterated an “overweight” rating and issued a $61.40 target price (up from $59.00) on shares of IntercontinentalExchange Group in a research note on Thursday, August 11th. Jefferies Group raised their target price on shares of IntercontinentalExchange Group from $59.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Keefe, Bruyette & Woods raised their target price on shares of IntercontinentalExchange Group from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Finally, RBC Capital Markets reiterated a “sector perform” rating and issued a $56.40 target price (up from $51.00) on shares of IntercontinentalExchange Group in a research note on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company 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 business’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $267.55, for a total value of $401,325.00. Following the transaction, the insider now directly owns 61,483 shares in the company, valued at $16,449,776.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas W. Farley sold 1,900 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were 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. 1.40% of the stock is currently owned by company insiders.

IntercontinentalExchange Group Company Profile

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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