Channing Capital Management buys $13,481,190 stake in Intercontinental Exchange Inc (ICE)

Intercontinental Exchange Inc (ICE) : Channing Capital Management scooped up 19,889 additional shares in Intercontinental Exchange Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 48,490 shares of Intercontinental Exchange Inc which is valued at $13,481,190.Intercontinental Exchange Inc makes up approximately 0.54% of Channing Capital Management’s portfolio.

Other Hedge Funds, Including , Pillar Pacific Capital Management reduced its stake in ICE by selling 289 shares or 1.26% in the most recent quarter. The Hedge Fund company now holds 22,716 shares of ICE which is valued at $6,315,502. Intercontinental Exchange Inc makes up approx 1.02% of Pillar Pacific Capital Management’s portfolio.Skylands Capital reduced its stake in ICE by selling 800 shares or 10.26% in the most recent quarter. The Hedge Fund company now holds 7,000 shares of ICE which is valued at $1,848,280. Intercontinental Exchange Inc makes up approx 0.29% of Skylands Capital’s portfolio.Chesley Taft Associates reduced its stake in ICE by selling 69 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 20,826 shares of ICE which is valued at $5,480,778. Intercontinental Exchange Inc makes up approx 0.54% of Chesley Taft Associates’s portfolio.Laurel Grove Capital reduced its stake in ICE by selling 50 shares or 1.23% in the most recent quarter. The Hedge Fund company now holds 4,000 shares of ICE which is valued at $1,052,680. Intercontinental Exchange Inc makes up approx 0.62% of Laurel Grove Capital’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in ICE by selling 42,093 shares or 71.04% in the most recent quarter. The Hedge Fund company now holds 17,158 shares of ICE which is valued at $4,407,719. Intercontinental Exchange Inc makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.

Intercontinental Exchange Inc opened for trading at $278.52 and hit $280.01 on the upside on Thursday, eventually ending the session at $278.34, with a gain of 0.12% or 0.32 points. The heightened volatility saw the trading volume jump to 7,33,544 shares. Company has a market cap of $33,135 M.

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.

Many Wall Street Analysts have commented on Intercontinental Exchange Inc. 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 was Resumed by JP Morgan to “Neutral” on Jun 1, 2016.

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.

Leave a Reply

Intercontinental Exchange Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Intercontinental Exchange Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.