Ownership Action To Observe: Here is What Institutional Investors Think About Intercontinentalexchange Inc (NYSE:ICE)

November 28, 2016 - By Hazel Jackson   ·   0 Comments

Ownership Action To Observe: Here is What Institutional Investors Think About Intercontinentalexchange Inc (NYSE:ICE)

Sentiment for Intercontinentalexchange Inc (NYSE:ICE)

Intercontinentalexchange Inc (NYSE:ICE) institutional sentiment increased to 1.01 in Q2 2016. Its up 0.09, from 0.92 in 2016Q1. The ratio is better, as 249 investment professionals increased and opened new positions, while 270 sold and decreased their stock positions in Intercontinentalexchange Inc. The investment professionals in our partner’s database reported: 103.79 million shares, up from 102.57 million shares in 2016Q1. Also, the number of investment professionals holding Intercontinentalexchange Inc in their top 10 positions increased from 10 to 21 for an increase of 11. Sold All: 56 Reduced: 214 Increased: 194 New Position: 55.

Intercontinental Exchange, Inc., formerly IntercontinentalExchange Group, Inc., is an operator of regulated exchanges, clearing houses and listings venues. The company has a market cap of $32.79 billion. The Firm provides data services for commodity and financial markets. It has a 22.38 P/E ratio. The Firm operates in the United States, the United Kingdom, continental Europe, Asia, Israel and Canada.

The stock increased 0.66% or $0.36 on November 25, hitting $54.69. Intercontinental Exchange Inc (NYSE:ICE) has declined 77.25% since April 25, 2016 and is downtrending. It has underperformed by 83.27% the S&P500.

Analysts await Intercontinental Exchange Inc (NYSE:ICE) to report earnings on February, 7 before the open. They expect $0.68 earnings per share, up 4.62% or $0.03 from last year’s $0.65 per share. ICE’s profit will be $407.70M for 20.11 P/E if the $0.68 EPS becomes a reality. After $0.64 actual earnings per share reported by Intercontinental Exchange Inc for the previous quarter, Wall Street now forecasts 6.25% EPS growth.

According to Zacks Investment Research, “IntercontinentalExchange Group, Inc. is the leading network of regulated exchanges and clearing houses for financial and commodity markets. It delivers data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext. The Company offers access to contracts based on crude oil and refined products, natural gas, power and emissions, as well as agricultural commodities including cocoa, coffee, cotton, orange juice, and sugar. IntercontinentalExchange Group, Inc., formerly known as IntercontinentalExchange, Inc., is based in Atlanta, Georgia.”

Junto Capital Management Lp holds 7.78% of its portfolio in Intercontinental Exchange Inc for 194,650 shares. Aeris Capital Holding Gmbh owns 71,280 shares or 7.41% of their US portfolio. Moreover, Cortland Associates Inc Mo has 6.82% invested in the company for 121,547 shares. The New York-based Highline Capital Management L.P. has invested 6.39% in the stock. Carmignac Gestion, a France-based fund reported 2.63 million shares.#img1#

Intercontinental Exchange Inc (NYSE:ICE) Ratings Coverage

Ratings analysis reveals 75% of Intercontinental Exchange’s analysts are positive. Out of 12 Wall Street analysts rating Intercontinental Exchange, 9 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $255 while the high is $314. The stock’s average target of $287.71 is 426.07% above today’s ($54.69) share price. ICE was included in 33 notes of analysts from August 6, 2015. The firm earned “Hold” rating on Monday, November 2 by Argus Research. The stock of Intercontinental Exchange Inc (NYSE:ICE) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, December 9. The rating was maintained by Deutsche Bank with “Buy” on Friday, January 8. On Friday, April 8 the stock rating was maintained by Wood with “Outperform”. The company was maintained on Tuesday, August 11 by Barclays Capital. The stock of Intercontinental Exchange Inc (NYSE:ICE) earned “Buy” rating by Goldman Sachs on Tuesday, January 5. Barclays Capital reinitiated the shares of ICE in a report on Tuesday, December 15 with “Overweight” rating. The firm has “Sector Perform” rating given on Tuesday, May 10 by RBC Capital Markets. As per Thursday, August 6, the company rating was maintained by Deutsche Bank. The stock of Intercontinental Exchange Inc (NYSE:ICE) has “Buy” rating given on Thursday, May 19 by Buckingham Research.

ICE Company Profile

Intercontinental Exchange, Inc., formerly IntercontinentalExchange Group, Inc., incorporated on March 6, 2013, is an operator of regulated exchanges, clearing houses and listings venues. The Firm provides data services for commodity and financial markets. The Firm operates in the United States, the United Kingdom, continental Europe, Asia, Israel and Canada. The Firm operates regulated marketplaces for trading and clearing a range of derivatives and securities contracts across asset classes, including energy and agricultural commodities, interest rates, equities, equity derivatives, credit derivatives, bonds and currencies. The Firm provides various services to its customers, such as pre-trade to execution, clearing, data services and technology.

Another recent and important Intercontinental Exchange Inc (NYSE:ICE) news was published by Fool.com which published an article titled: “Intercontinental Exchange Inc’s Earnings Notch Another Double-Digit Gain” on November 01, 2016.

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By Hazel Jackson


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