Intercontinental Exchange Inc (ICE) : Cortland Associates Incmo scooped up 816 additional shares in Intercontinental Exchange Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 121,806 shares of Intercontinental Exchange Inc which is valued at $31,445,437.Intercontinental Exchange Inc makes up approximately 6.67% of Cortland Associates Incmo’s portfolio.
Other Hedge Funds, Including , Columbus Circle Investors boosted its stake in ICE in the latest quarter, The investment management firm added 11,988 additional shares and now holds a total of 63,923 shares of Intercontinental Exchange Inc which is valued at $16,502,362. Intercontinental Exchange Inc makes up approx 0.15% of Columbus Circle Investors’s portfolio. Campbell Co Investment Adviser added ICE to its portfolio by purchasing 886 company shares during the most recent quarter which is valued at $228,730. Intercontinental Exchange Inc makes up approx 0.83% of Campbell Co Investment Adviser’s portfolio.Community Bank Trust Waco Texas boosted its stake in ICE in the latest quarter, The investment management firm added 555 additional shares and now holds a total of 6,213 shares of Intercontinental Exchange Inc which is valued at $1,491,306. Intercontinental Exchange Inc makes up approx 0.85% of Community Bank Trust Waco Texas’s portfolio.Metlife Securities Inc reduced its stake in ICE by selling 111 shares or 12.33% in the most recent quarter. The Hedge Fund company now holds 789 shares of ICE which is valued at $190,267. Intercontinental Exchange Inc makes up approx 0.01% of Metlife Securities Inc’s portfolio.
Intercontinental Exchange Inc opened for trading at $260.53 and hit $262.6 on the upside on Tuesday, eventually ending the session at $261.02, with a gain of 0.20% or 0.52 points. The heightened volatility saw the trading volume jump to 10,00,264 shares. Company has a market cap of $31,073 M.
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.
Many Wall Street Analysts have commented on Intercontinental Exchange Inc. 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.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.