Stock Yards Bank Trust Co buys $8.5 Million stake in Intercontinental Exchange Inc (ICE)

Intercontinental Exchange Inc (ICE) : Stock Yards Bank Trust Co scooped up 890 additional shares in Intercontinental Exchange Inc during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 36,348 shares of Intercontinental Exchange Inc which is valued at $8.5 Million.Intercontinental Exchange Inc makes up approximately 1.21% of Stock Yards Bank Trust Co’s portfolio.

On the company’s financial health, Intercontinental Exchange Inc reported $3.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $3.01. The company had revenue of $875.00 million for the quarter, compared to analysts expectations of $867.05 million. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 EPS.

Many Wall Street Analysts have commented on Intercontinental Exchange Inc. Argus Upgraded Intercontinental Exchange Inc on Feb 17, 2016 to ” Buy”, Price Target of the shares are set at $270.Company shares were Reiterated by Barclays on Feb 16, 2016 to “Overweight”, Firm has raised the Price Target to $ 287 from a previous price target of $286 .Company shares were Reiterated by Deutsche Bank on Jan 8, 2016 to “Buy”, Firm has raised the Price Target to $ 298 from a previous price target of $295 .

Intercontinental Exchange Inc closed down -1.04 points or -0.45% at $232.48 with 5,00,088 shares getting traded on Monday. Post opening the session at $234.24, the shares hit an intraday low of $231.69 and an intraday high of $235.04 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Intercontinental Exchange Inc. (ICE) is a global operator of regulated exchanges clearing houses and data services for financial and commodity markets. The Company operates marketplaces for trading and clearing an array of securities and derivatives contracts across asset classes including energy and agricultural commodities equities and equity derivatives among others. Its regulated exchanges include futures exchanges in the United States United Kingdom Canada Singapore and Europe three securities exchanges and two equity options exchanges. The Company also operates over-the-counter (OTC) markets for physical energy and credit default swaps (CDS). Its products and services include Regulated Energy Futures Contracts Regulated Agricultural Futures Contracts Regulated Financial Futures Contracts Securities Products and Listings Credit Derivatives Products OTC Energy Products ICE Data Services and New York Stock Exchange (NYSE) Data Services.

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