Intercontinental Exchange Inc (ICE) Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. increased its stake in Intercontinental Exchange Inc (NYSE:ICE) by 11.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,129 shares of the financial services provider’s stock after purchasing an additional 13,229 shares during the period. Baird Financial Group Inc.’s holdings in Intercontinental Exchange were worth $9,644,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Dupont Capital Management Corp increased its holdings in Intercontinental Exchange by 35.3% in the 1st quarter. Dupont Capital Management Corp now owns 4,216 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 1,101 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in Intercontinental Exchange by 134.1% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 9,425 shares of the financial services provider’s stock valued at $684,000 after purchasing an additional 5,399 shares in the last quarter. Quantitative Systematic Strategies LLC increased its holdings in Intercontinental Exchange by 70.5% in the 1st quarter. Quantitative Systematic Strategies LLC now owns 10,125 shares of the financial services provider’s stock valued at $734,000 after purchasing an additional 4,185 shares in the last quarter. Massey Quick Simon & CO. LLC increased its holdings in Intercontinental Exchange by 100.0% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 2,162 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 1,081 shares in the last quarter. Finally, Wealthfront Inc. increased its holdings in Intercontinental Exchange by 6.1% in the 1st quarter. Wealthfront Inc. now owns 16,937 shares of the financial services provider’s stock valued at $1,228,000 after purchasing an additional 968 shares in the last quarter. Institutional investors own 88.55% of the company’s stock.

Several analysts recently issued reports on ICE shares. ValuEngine upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Tuesday, June 12th. FIX assumed coverage on Intercontinental Exchange in a report on Wednesday. They issued a “buy” rating and a $88.00 price target for the company. Compass Point assumed coverage on Intercontinental Exchange in a research note on Friday, June 22nd. They set a “buy” rating and a $85.00 target price for the company. Finally, Rosenblatt Securities assumed coverage on Intercontinental Exchange in a research note on Wednesday. They set a “buy” rating and a $88.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Intercontinental Exchange presently has an average rating of “Buy” and a consensus price target of $81.44.

In related news, President Benjamin Jackson sold 3,395 shares of Intercontinental Exchange stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $74.07, for a total value of $251,467.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James W. Namkung sold 2,300 shares of Intercontinental Exchange stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $73.38, for a total value of $168,774.00. The disclosure for this sale can be found here. Insiders have sold 281,252 shares of company stock valued at $20,994,169 over the last 90 days. Insiders own 1.50% of the company’s stock.

Shares of Intercontinental Exchange stock opened at $77.84 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $44.37 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 2.26 and a beta of 0.64. Intercontinental Exchange Inc has a 1-year low of $64.29 and a 1-year high of $77.99.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, August 2nd. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.24 billion. Intercontinental Exchange had a return on equity of 11.45% and a net margin of 41.83%. The company’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. analysts predict that Intercontinental Exchange Inc will post 3.48 EPS for the current fiscal year.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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