Intercontinental Exchange Inc (ICE) : Miles Capital reduced its stake in Intercontinental Exchange Inc by 0.59% during the most recent quarter end. The investment management company now holds a total of 5,056 shares of Intercontinental Exchange Inc which is valued at $1.3 Million after selling 30 shares in Intercontinental Exchange Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Intercontinental Exchange Inc makes up approximately 0.88% of Miles Capital’s portfolio.
Other Hedge Funds, Including , Daiwa Securities Group reduced its stake in ICE by selling 11,220 shares or 18.69% in the most recent quarter. The Hedge Fund company now holds 48,798 shares of ICE which is valued at $12.7 Million. Intercontinental Exchange Inc makes up approx 0.08% of Daiwa Securities Group’s portfolio.Advisor Partners boosted its stake in ICE in the latest quarter, The investment management firm added 682 additional shares and now holds a total of 2,153 shares of Intercontinental Exchange Inc which is valued at $559,758. Intercontinental Exchange Inc makes up approx 0.21% of Advisor Partners’s portfolio.Chase Investment Counsel Corp boosted its stake in ICE in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 17,036 shares of Intercontinental Exchange Inc which is valued at $4.4 Million. Intercontinental Exchange Inc makes up approx 1.94% of Chase Investment Counsel Corp’s portfolio.Meag Munich Ergo Kapitalanlagegesellschaft Mbh reduced its stake in ICE by selling 25,065 shares or 58.55% in the most recent quarter. The Hedge Fund company now holds 17,748 shares of ICE which is valued at $4.6 Million. Intercontinental Exchange Inc makes up approx 0.24% of Meag Munich Ergo Kapitalanlagegesellschaft Mbh’s portfolio.Ifp Advisors Inc reduced its stake in ICE by selling 9 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 2,355 shares of ICE which is valued at $607,967. Intercontinental Exchange Inc makes up approx 0.04% of Ifp Advisors Inc’s portfolio.
Intercontinental Exchange Inc opened for trading at $262.24 and hit $265.62 on the upside on Friday, eventually ending the session at $262.99, with a gain of 0.91% or 2.36 points. The heightened volatility saw the trading volume jump to 11,59,189 shares. Company has a market cap of $31,307,908 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.
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.