Smith Asset Management Group Lp Lowers stake in Intercontinental Exchange Inc (ICE)

Intercontinental Exchange Inc (ICE) : Smith Asset Management Group Lp reduced its stake in Intercontinental Exchange Inc by 46.01% during the most recent quarter end. The investment management company now holds a total of 135,020 shares of Intercontinental Exchange Inc which is valued at $35,650,681 after selling 115,068 shares in Intercontinental Exchange Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Intercontinental Exchange Inc makes up approximately 1.03% of Smith Asset Management Group Lp’s portfolio.

Other Hedge Funds, Including , Calamos Advisors reduced its stake in ICE by selling 12,125 shares or 3.86% in the most recent quarter. The Hedge Fund company now holds 301,848 shares of ICE which is valued at $79,699,946. Intercontinental Exchange Inc makes up approx 0.72% of Calamos Advisors’s portfolio.Premier Asset Managment reduced its stake in ICE by selling 1,685 shares or 3.25% in the most recent quarter. The Hedge Fund company now holds 50,203 shares of ICE which is valued at $13,188,328. Intercontinental Exchange Inc makes up approx 3.22% of Premier Asset Managment’s portfolio.Arcadia Investment Management Corpmi reduced its stake in ICE by selling 1,454 shares or 4.89% in the most recent quarter. The Hedge Fund company now holds 28,304 shares of ICE which is valued at $7,441,405. Intercontinental Exchange Inc makes up approx 2.35% of Arcadia Investment Management Corpmi’s portfolio.

Intercontinental Exchange Inc closed down -1.06 points or -0.40% at $264.2 with 3,74,715 shares getting traded on Friday. Post opening the session at $264.85, the shares hit an intraday low of $264.04 and an intraday high of $266.14 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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

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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