Gw Henssler Associates Ltd Lowers stake in Intercontinental Exchange Inc (ICE)

Intercontinental Exchange Inc (ICE) : Gw Henssler Associates Ltd reduced its stake in Intercontinental Exchange Inc by 21.84% during the most recent quarter end. The investment management company now holds a total of 25,736 shares of Intercontinental Exchange Inc which is valued at $6,206,236 after selling 7,193 shares in Intercontinental Exchange Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Intercontinental Exchange Inc makes up approximately 0.72% of Gw Henssler Associates Ltd’s portfolio.

Intercontinental Exchange Inc closed down -0.89 points or -0.36% at $243.49 with 3,99,998 shares getting traded on Wednesday. Post opening the session at $243.82, the shares hit an intraday low of $241.2501 and an intraday high of $244.63 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Appleton Partners Incma boosted its stake in ICE in the latest quarter, The investment management firm added 4,268 additional shares and now holds a total of 19,030 shares of Intercontinental Exchange Inc which is valued at $4,589,085. Intercontinental Exchange Inc makes up approx 0.89% of Appleton Partners Incma’s portfolio.Hellman Jordan Management Co Inc reduced its stake in ICE by selling 25,785 shares or 84.13% in the most recent quarter. The Hedge Fund company now holds 4,863 shares of ICE which is valued at $1,172,712. Intercontinental Exchange Inc makes up approx 2.84% of Hellman Jordan Management Co Inc’s portfolio.Gofen Glossberg Il boosted its stake in ICE in the latest quarter, The investment management firm added 43 additional shares and now holds a total of 18,363 shares of Intercontinental Exchange Inc which is valued at $4,379,576. Intercontinental Exchange Inc makes up approx 0.18% of Gofen Glossberg Il’s portfolio.Capstone Asset Management Co boosted its stake in ICE in the latest quarter, The investment management firm added 853 additional shares and now holds a total of 11,341 shares of Intercontinental Exchange Inc which is valued at $2,704,829. Intercontinental Exchange Inc makes up approx 0.08% of Capstone Asset Management Co’s portfolio.Central Bank Trust Co boosted its stake in ICE in the latest quarter, The investment management firm added 8,222 additional shares and now holds a total of 20,117 shares of Intercontinental Exchange Inc which is valued at $4,797,905. Intercontinental Exchange Inc makes up approx 1.33% of Central 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 .

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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