Viking Global Investors Lp adds Intercontinental Exchange Inc (ICE) to its portfolio

Intercontinental Exchange Inc (ICE) : Viking Global Investors Lp added new position in Intercontinental Exchange Inc during the most recent quarter end. The investment management firm now holds 1,133,502 shares of Intercontinental Exchange Inc which is valued at $315,838,997 , the company said in a statement filed on Aug 15, 2016 with the SEC.Intercontinental Exchange Inc makes up approximately 1.25% of Viking Global Investors Lp’s portfolio.

Other Hedge Funds, Including , Riverhead Capital Management reduced its stake in ICE by selling 58,652 shares or 74.39% in the most recent quarter. The Hedge Fund company now holds 20,192 shares of ICE which is valued at $5,626,299. Intercontinental Exchange Inc makes up approx 0.09% of Riverhead Capital Management’s portfolio. Bank Of Hawaii sold out all of its stake in ICE during the most recent quarter. The investment firm sold 1,818 shares of ICE which is valued $505,440.Gw Henssler Associates Ltd reduced its stake in ICE by selling 3,587 shares or 13.94% in the most recent quarter. The Hedge Fund company now holds 22,149 shares of ICE which is valued at $5,851,766. Intercontinental Exchange Inc makes up approx 0.66% of Gw Henssler Associates Ltd’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.

Intercontinental Exchange Inc opened for trading at $282.57 and hit $286.47 on the upside on Thursday, eventually ending the session at $284.35, with a gain of 0.83% or 2.33 points. The heightened volatility saw the trading volume jump to 7,40,731 shares. Company has a market cap of $33,876 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.

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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