Parametric Portfolio Associates LLC Has $184.23 Million Position in Intercontinental Exchange Inc (NYSE:ICE)
Parametric Portfolio Associates LLC boosted its stake in Intercontinental Exchange Inc (NYSE:ICE) by 13.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,143,654 shares of the financial services provider’s stock after purchasing an additional 251,728 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.38% of Intercontinental Exchange worth $184,226,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Next Capital Management LLC bought a new stake in shares of Intercontinental Exchange in the second quarter valued at approximately $26,000. Carroll Financial Associates Inc. raised its holdings in Intercontinental Exchange by 51.3% during the 2nd quarter. Carroll Financial Associates Inc. now owns 360 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 122 shares during the period. Arlington Partners LLC purchased a new stake in shares of Intercontinental Exchange during the second quarter worth $34,000. Sandy Spring Bank boosted its holdings in shares of Intercontinental Exchange by 41.8% in the second quarter. Sandy Spring Bank now owns 404 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 119 shares during the period. Finally, Capital Advisors Ltd. LLC purchased a new position in shares of Intercontinental Exchange in the second quarter valued at $42,000. Institutional investors and hedge funds own 90.43% of the company’s stock.
A number of analysts recently weighed in on the stock. Raymond James upped their target price on shares of Intercontinental Exchange from $89.00 to $94.00 and gave the stock an “outperform” rating in a report on Friday, July 5th. Citigroup cut shares of Intercontinental Exchange from a “buy” rating to a “neutral” rating and upped their price target for the stock from $92.00 to $99.00 in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. Intercontinental Exchange has a consensus rating of “Buy” and an average price target of $88.25.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.02. Intercontinental Exchange had a net margin of 31.85% and a return on equity of 12.22%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company posted $0.90 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts predict that Intercontinental Exchange Inc will post 3.77 EPS for the current year.
In other Intercontinental Exchange news, insider David S. Goone sold 9,405 shares of Intercontinental Exchange stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $89.01, for a total transaction of $837,139.05. Following the completion of the sale, the insider now owns 172,145 shares of the company’s stock, valued at $15,322,626.45. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Charles A. Vice sold 15,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $86.74, for a total value of $1,301,100.00. The disclosure for this sale can be found here. Insiders sold 167,160 shares of company stock valued at $15,261,966 over the last quarter. 1.50% of the stock is owned by company insiders.
Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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