Ownership Don’t Lie: Intercontinentalexchange Group Inc (NYSE:ICE) Institutional Investor Sentiment

November 28, 2016 - By Marguerite Chambers   ·   0 Comments

Ownership Don't Lie: Intercontinentalexchange Group Inc (NYSE:ICE) Institutional Investor Sentiment

Sentiment for Intercontinentalexchange Group Inc (NYSE:ICE)

Intercontinentalexchange Group Inc (NYSE:ICE) institutional sentiment increased to 1.01 in 2016 Q2. Its up 0.09, from 0.92 in 2016Q1. The ratio is positive, as 249 investment managers opened new and increased holdings, while 270 reduced and sold their stock positions in Intercontinentalexchange Group Inc. The investment managers in our partner’s database reported: 103.79 million shares, up from 102.57 million shares in 2016Q1. Also, the number of investment managers holding Intercontinentalexchange Group Inc in their top 10 holdings 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 EPS, up 4.62% or $0.03 from last year’s $0.65 per share. ICE’s profit will be $407.70 million for 20.11 P/E if the $0.68 EPS becomes a reality. After $0.64 actual EPS 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 rating was upgraded by JP Morgan to “Neutral” on Wednesday, June 1. Deutsche Bank maintained Intercontinental Exchange Inc (NYSE:ICE) on Friday, January 8 with “Buy” rating. Sterne Agee CRT initiated the shares of ICE in a report on Friday, May 20 with “Buy” rating. Goldman Sachs reinitiated the stock with “Buy” rating in Tuesday, January 5 report. On Tuesday, December 15 the stock rating was reinitiated by Barclays Capital with “Overweight”. The stock of Intercontinental Exchange Inc (NYSE:ICE) has “Sector Perform” rating given on Wednesday, December 9 by RBC Capital Markets. RBC Capital Markets maintained it with “Sector Perform” rating and $255 target price in Tuesday, May 10 report. Buckingham Research initiated the shares of ICE in a report on Thursday, May 19 with “Buy” rating. Barclays Capital maintained Intercontinental Exchange Inc (NYSE:ICE) rating on Friday, September 4. Barclays Capital has “Overweight” rating and $273 price target. Standpoint Research maintained the stock with “Hold” rating in Sunday, August 9 report.

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 Marguerite Chambers


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