Today, Oregon Public Employees Retirement Fund lowers its Position in IntercontinentalExchange Group Inc. (ICE)

Today, Oregon Public Employees Retirement Fund lowers its Position in IntercontinentalExchange Group Inc. (ICE)

Oregon Public Employees Retirement Fund lowered its stake in IntercontinentalExchange Group Inc. (NYSE:ICE) by 13.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,350 shares of the company’s stock after selling 1,934 shares during the period. Oregon Public Employees Retirement Fund’s holdings in IntercontinentalExchange Group were worth $3,327,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. 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 in the last quarter. Point72 Asia Hong Kong Ltd bought a new stake in shares of IntercontinentalExchange Group during the second quarter valued at $102,000. LSV Asset Management bought a new stake in shares of IntercontinentalExchange Group during the second quarter valued at $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 in the last quarter. 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 in the last quarter. Institutional investors and hedge funds own 17.77% of the company’s stock.

IntercontinentalExchange Group Inc. (NYSE:ICE) traded down 1.12% during trading on Monday, hitting $54.08. 2,151,256 shares of the stock were exchanged. 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 $6.22 billion, a price-to-earnings ratio of 22.15 and a beta of 0.93. The stock’s 50 day moving average is $54.15 and its 200-day moving average is $53.76.

IntercontinentalExchange Group (NYSE:ICE) last released its earnings results on Tuesday, November 1st. The company reported $3.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.22 by $0.01. The business 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% compared to the same quarter last year. During the same quarter last year, the company posted $2.91 earnings per share. On average, equities research analysts expect that IntercontinentalExchange Group Inc. will post $2.74 earnings per share for the current fiscal year.

Several analysts have recently weighed in on the stock. Royal Bank Of Canada boosted their price objective on shares of IntercontinentalExchange Group from $51.00 to $56.40 and gave the stock a “sector perform” rating in a research report on Thursday, August 4th. 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. Zacks Investment Research cut shares of IntercontinentalExchange Group from a “hold” rating to a “sell” rating in a report on Friday, October 7th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $56.40 target price (up from $51.00) on shares of IntercontinentalExchange Group in a report on Thursday, August 4th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of IntercontinentalExchange Group from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $59.47.

In related news, insider Thomas W. Farley sold 1,900 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $283.03, for a total transaction of $537,757.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey C. Sprecher sold 25,275 shares of the firm’s stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $270.49, for a total value of $6,836,634.75. Following the transaction, the chief executive officer now owns 313,445 shares in the company, valued at $84,783,738.05. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

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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