Baltimore Washington Financial Advisors Inc. Buys 1,296 Shares of Intercontinental Exchange Inc. (NYSE:ICE)

Baltimore Washington Financial Advisors Inc. boosted its position in Intercontinental Exchange Inc. (NYSE:ICE) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,152 shares of the financial services provider’s stock after buying an additional 1,296 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Intercontinental Exchange were worth $5,745,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Norway Savings Bank raised its stake in shares of Intercontinental Exchange by 16.7% in the second quarter. Norway Savings Bank now owns 1,640 shares of the financial services provider’s stock worth $108,000 after buying an additional 235 shares during the last quarter. CENTRAL TRUST Co raised its stake in shares of Intercontinental Exchange by 126.5% in the second quarter. CENTRAL TRUST Co now owns 10,000 shares of the financial services provider’s stock worth $659,000 after buying an additional 5,585 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Intercontinental Exchange by 515.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 97,714 shares of the financial services provider’s stock worth $6,441,000 after buying an additional 81,825 shares during the last quarter. Liberty Capital Management Inc. raised its stake in shares of Intercontinental Exchange by 7.1% in the second quarter. Liberty Capital Management Inc. now owns 12,474 shares of the financial services provider’s stock worth $816,000 after buying an additional 830 shares during the last quarter. Finally, Trust Co. of Oklahoma raised its stake in shares of Intercontinental Exchange by 1.2% in the second quarter. Trust Co. of Oklahoma now owns 11,460 shares of the financial services provider’s stock worth $755,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 89.50% of the company’s stock.

Shares of Intercontinental Exchange Inc. (ICE) traded down 0.23% during trading on Friday, reaching $65.01. The company’s stock had a trading volume of 2,067,776 shares. The company’s 50 day moving average price is $65.81 and its 200 day moving average price is $61.47. Intercontinental Exchange Inc. has a 12 month low of $52.27 and a 12 month high of $67.48. The firm has a market cap of $7.48 billion, a PE ratio of 24.09 and a beta of 0.71.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. On average, equities analysts predict that Intercontinental Exchange Inc. will post $2.95 earnings per share for the current year.

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A number of analysts recently commented on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $73.00 price objective (up from $70.00) on shares of Intercontinental Exchange in a research report on Monday, July 17th. Zacks Investment Research upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Thursday, July 13th. Royal Bank Of Canada upgraded Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $65.00 to $70.00 in a research report on Thursday, July 13th. Citigroup Inc. assumed coverage on Intercontinental Exchange in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 price objective for the company. Finally, BidaskClub lowered Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Intercontinental Exchange has a consensus rating of “Buy” and a consensus target price of $67.49.

In related news, insider Charles A. Vice sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $60.37, for a total transaction of $905,550.00. Following the completion of the sale, the insider now owns 384,971 shares of the company’s stock, valued at $23,240,699.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Jefferson Hague sold 1,150 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $59.94, for a total value of $68,931.00. The disclosure for this sale can be found here. In the last three months, insiders sold 166,389 shares of company stock valued at $10,279,500. Insiders own 1.50% of the company’s stock.

Intercontinental Exchange 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.

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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