Altrinsic Global Advisors Lowers stake in Intercontinental Exchange Inc (ICE)

Intercontinental Exchange Inc (ICE) : Altrinsic Global Advisors reduced its stake in Intercontinental Exchange Inc by 8.55% during the most recent quarter end. The investment management company now holds a total of 542,290 shares of Intercontinental Exchange Inc which is valued at $141 Million after selling 50,690 shares in Intercontinental Exchange Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Intercontinental Exchange Inc makes up approximately 3.90% of Altrinsic Global Advisors’s portfolio.

Other Hedge Funds, Including , Laurion Capital Management Lp added ICE to its portfolio by purchasing 900 company shares during the most recent quarter which is valued at $233,991. Intercontinental Exchange Inc makes up approx 0.02% of Laurion Capital Management Lp’s portfolio.Utah Retirement Systems boosted its stake in ICE in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 21,037 shares of Intercontinental Exchange Inc which is valued at $5.5 Million. Intercontinental Exchange Inc makes up approx 0.15% of Utah Retirement Systems’s portfolio.Ls Investment Advisors boosted its stake in ICE in the latest quarter, The investment management firm added 127 additional shares and now holds a total of 2,846 shares of Intercontinental Exchange Inc which is valued at $739,932. Intercontinental Exchange Inc makes up approx 0.06% of Ls Investment Advisors’s portfolio.Finemark National Bank Trust boosted its stake in ICE in the latest quarter, The investment management firm added 308 additional shares and now holds a total of 16,995 shares of Intercontinental Exchange Inc which is valued at $4.4 Million. Intercontinental Exchange Inc makes up approx 0.52% of Finemark National Bank Trust’s portfolio.Ohio National Investments boosted its stake in ICE in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 2,632 shares of Intercontinental Exchange Inc which is valued at $631,759. Intercontinental Exchange Inc makes up approx 0.12% of Ohio National Investments’s portfolio.

Intercontinental Exchange Inc closed down -0.69 points or -0.25% at $270 with 7,78,146 shares getting traded on Wednesday. Post opening the session at $270.8, the shares hit an intraday low of $269.39 and an intraday high of $271.72 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Intercontinental Exchange Inc reported $3.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $3.66. The company had revenue of $1154.00 million for the quarter, compared to analysts expectations of $1157.01 million. The company’s revenue was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.06 EPS.

Investors should note that on May 4, 2016, Intercontinental Exchange Inc announced a cash dividend of $0.8500. The company’s management has announced Jun 14, 2016 as the ex-dividend date and fixed the record date on Jun 16, 2016. The payable date has been fixed on Jun 30, 2016.

Many Wall Street Analysts have commented on Intercontinental Exchange Inc. Sterne Agee CRT Initiated Intercontinental Exchange Inc on May 20, 2016 to “Buy”, Price Target of the shares are set at $300.Intercontinental Exchange Inc was Resumed by Goldman to “Buy” on May 6, 2016. Argus Upgraded Intercontinental Exchange Inc on Feb 17, 2016 to ” Buy”, Price Target of the shares are set at $270.

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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