Nisa Investment Advisors LLC Increases Position in IntercontinentalExchange Group Inc. (ICE)
Nisa Investment Advisors LLC boosted its stake in IntercontinentalExchange Group Inc. (NYSE:ICE) by 3.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,119 shares of the company’s stock after buying an additional 1,000 shares during the period. Nisa Investment Advisors LLC’s holdings in IntercontinentalExchange Group were worth $9,190,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in ICE. D. Scott Neal Inc. raised its position in IntercontinentalExchange Group by 100.0% in the second quarter. D. Scott Neal Inc. now owns 400 shares of the company’s stock worth $102,000 after buying an additional 200 shares during the last quarter. Point72 Asia Hong Kong Ltd bought a new position in IntercontinentalExchange Group during the second quarter worth $102,000. LSV Asset Management bought a new position in IntercontinentalExchange Group during the second quarter worth $116,000. Johnson Financial Group Inc. raised its position in IntercontinentalExchange Group by 225.0% in the second quarter. Johnson Financial Group Inc. now owns 468 shares of the company’s stock worth $120,000 after buying an additional 324 shares during the last quarter. Finally, WFG Advisors LP raised its position in IntercontinentalExchange Group by 23.8% in the second quarter. WFG Advisors LP now owns 618 shares of the company’s stock worth $158,000 after buying an additional 119 shares during the last quarter. 17.77% of the stock is owned by institutional investors.
Shares of IntercontinentalExchange Group Inc. (NYSE:ICE) traded up 1.063% during mid-day trading on Tuesday, reaching $54.655. The company’s stock had a trading volume of 1,762,061 shares. The company has a market cap of $6.29 billion, a PE ratio of 22.390 and a beta of 0.93. IntercontinentalExchange Group Inc. has a 52-week low of $45.44 and a 52-week high of $58.70. The company has a 50-day moving average price of $54.17 and a 200 day moving average price of $53.80.
IntercontinentalExchange Group (NYSE:ICE) last posted 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 company earned $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. IntercontinentalExchange Group had a net margin of 25.29% and a return on equity of 10.57%. IntercontinentalExchange Group’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.91 earnings per share. Equities analysts expect that IntercontinentalExchange Group Inc. will post $2.74 earnings per share for the current year.
Several research analysts have recently commented on ICE shares. Jefferies Group boosted their price objective on 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 lowered IntercontinentalExchange Group from a “hold” rating to a “sell” rating in a report on Friday, October 7th. Deutsche Bank AG boosted their price objective on IntercontinentalExchange Group from $62.00 to $62.20 and gave the stock a “buy” rating in a report on Friday, September 9th. RBC Capital Markets reissued a “sector perform” rating and set a $56.40 price objective (up previously from $51.00) on shares of IntercontinentalExchange Group in a report on Thursday, August 4th. Finally, Barclays PLC boosted their price objective on IntercontinentalExchange Group from $59.00 to $61.40 and gave the stock 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. The company currently has a consensus rating of “Buy” and a consensus target price of $59.47.
In other news, CEO Jeffrey C. Sprecher sold 25,275 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 313,445 shares of the company’s stock, valued at approximately $84,783,738.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles A. Vice sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $267.55, for a total value of $401,325.00. Following the completion of the sale, the insider now directly owns 61,483 shares of the company’s stock, valued at $16,449,776.65. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.
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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