Symphony Asset Management buys $5.3 Million stake in Intercontinental Exchange Inc (ICE)

Intercontinental Exchange Inc (ICE) : Symphony Asset Management scooped up 8,590 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 13, 2016. The investment management firm now holds a total of 20,419 shares of Intercontinental Exchange Inc which is valued at $5.3 Million.Intercontinental Exchange Inc makes up approximately 1.02% of Symphony Asset Management’s portfolio.

Other Hedge Funds, Including , Jackson Square Partners reduced its stake in ICE by selling 69,215 shares or 2.41% in the most recent quarter. The Hedge Fund company now holds 2,804,208 shares of ICE which is valued at $729.1 Million. Intercontinental Exchange Inc makes up approx 3.28% of Jackson Square Partners’s portfolio.Ubs Asset Management Americas Inc boosted its stake in ICE in the latest quarter, The investment management firm added 3,128 additional shares and now holds a total of 281,057 shares of Intercontinental Exchange Inc which is valued at $73.1 Million. Intercontinental Exchange Inc makes up approx 0.09% of Ubs Asset Management Americas Inc’s portfolio.Municipal Employees’ Retirement System Of Michigan boosted its stake in ICE in the latest quarter, The investment management firm added 320 additional shares and now holds a total of 3,650 shares of Intercontinental Exchange Inc which is valued at $942,284. Intercontinental Exchange Inc makes up approx 0.06% of Municipal Employees’ Retirement System Of Michigan’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 $1.5 Million. Intercontinental Exchange Inc makes up approx 0.85% of Community Bank Trust Waco Texas’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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