Riverpark Advisors Lowers stake in Intercontinental Exchange Inc (ICE)

Intercontinental Exchange Inc (ICE) : Riverpark Advisors reduced its stake in Intercontinental Exchange Inc by 7.09% during the most recent quarter end. The investment management company now holds a total of 14,103 shares of Intercontinental Exchange Inc which is valued at $3,920,916 after selling 1,077 shares in Intercontinental Exchange Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Intercontinental Exchange Inc makes up approximately 1.80% of Riverpark Advisors’s portfolio.

Other Hedge Funds, Including , Riverpark Capital Management boosted its stake in ICE in the latest quarter, The investment management firm added 2,744 additional shares and now holds a total of 17,304 shares of Intercontinental Exchange Inc which is valued at $4,810,858. Intercontinental Exchange Inc makes up approx 2.18% of Riverpark Capital Management’s portfolio.Louisiana State Employees Retirement System reduced its stake in ICE by selling 200 shares or 2.5% in the most recent quarter. The Hedge Fund company now holds 7,800 shares of ICE which is valued at $2,059,512. Intercontinental Exchange Inc makes up approx 0.10% of Louisiana State Employees Retirement System’s portfolio. Jag Capital Management sold out all of its stake in ICE during the most recent quarter. The investment firm sold 52,587 shares of ICE which is valued $13,839,321.Capstone Asset Management Co boosted its stake in ICE in the latest quarter, The investment management firm added 783 additional shares and now holds a total of 12,124 shares of Intercontinental Exchange Inc which is valued at $3,147,148. Intercontinental Exchange Inc makes up approx 0.09% of Capstone Asset Management Co’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.

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