Alerus Financial Na adds Intercontinental Exchange Inc (ICE) to its portfolio

Intercontinental Exchange Inc (ICE) : Alerus Financial Na added new position in Intercontinental Exchange Inc during the most recent quarter end. The investment management firm now holds 14,013 shares of Intercontinental Exchange Inc which is valued at $3,904,582 , the company said in a statement filed on Aug 11, 2016 with the SEC.Intercontinental Exchange Inc makes up approximately 0.64% of Alerus Financial Na’s portfolio.

Other Hedge Funds, Including , Baird Financial Group boosted its stake in ICE in the latest quarter, The investment management firm added 1,370 additional shares and now holds a total of 14,841 shares of Intercontinental Exchange Inc which is valued at $4,135,296. Intercontinental Exchange Inc makes up approx 0.04% of Baird Financial Group’s portfolio.Fayez Sarofim Co reduced its stake in ICE by selling 2,624 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 321,291 shares of ICE which is valued at $89,524,524. Intercontinental Exchange Inc makes up approx 0.48% of Fayez Sarofim Co’s portfolio.Koshinski Asset Management reduced its stake in ICE by selling 32 shares or 1.11% in the most recent quarter. The Hedge Fund company now holds 2,846 shares of ICE which is valued at $793,009. Intercontinental Exchange Inc makes up approx 0.40% of Koshinski Asset Management’s portfolio.Cambridge Investment Research Advisors boosted its stake in ICE in the latest quarter, The investment management firm added 137 additional shares and now holds a total of 1,571 shares of Intercontinental Exchange Inc which is valued at $436,848. Intercontinental Exchange Inc makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio.California State Teachers Retirement System boosted its stake in ICE in the latest quarter, The investment management firm added 178 additional shares and now holds a total of 253,243 shares of Intercontinental Exchange Inc which is valued at $70,406,619. Intercontinental Exchange Inc makes up approx 0.15% of California State Teachers Retirement System’s portfolio.

Intercontinental Exchange Inc closed down -0.61 points or -0.22% at $278.88 with 3,08,430 shares getting traded on Tuesday. Post opening the session at $281.3, the shares hit an intraday low of $278.63 and an intraday high of $281.3 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Intercontinental Exchange Inc reported $3.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $3.37. The company had revenue of $1129.00 million for the quarter, compared to analysts expectations of $1120.80 million. The company’s revenue was up 41.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.90 EPS.

Investors should note that on Aug 3, 2016, Intercontinental Exchange Inc announced a cash dividend of $0.8500. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 30, 2016.

Many Wall Street Analysts have commented on Intercontinental Exchange Inc. Company shares were Reiterated by Barclays on Aug 9, 2016 to “Overweight”, Firm has raised the Price Target to $ 307 from a previous price target of $295 .Company shares were Reiterated by Deutsche Bank on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 304 from a previous price target of $295 .Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 282 from a previous price target of $255 .

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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