Trims Position in Intercontinental Exchange Inc (NYSE:ICE)

Lloyd Doyle
February 10, 2018

Wells Fargo & Co increased their target price on shares of Intercontinental Exchange from $65.00 to $73.00 and gave the company a "market perform" rating in a research note on Thursday, October 5th. The institutional investor held 336,370 shares of the investment bankers and brokers and service company at the end of 2017Q3, valued at $23.11 million, down from 435,420 at the end of the previous reported quarter. (ICE) has a market cap of $42.75 billion and over the last 12 months, Intercontinental Exchange, Inc. Janus Henderson Group PLC now owns 10,373,823 shares of the financial services provider's stock valued at $712,683,000 after purchasing an additional 1,325,290 shares during the last quarter. Over the past three months, the average daily trading volume came in at about 3.5 million shares per day.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Wednesday, February 7th. It has underperformed by 2.90% the S&P500.

Progeny 3 Inc decreased its stake in Tpg Specialty Lending Inc (TSLX) by 33.63% based on its latest 2017Q3 regulatory filing with the SEC. First Dallas Securities Inc bought 3,951 shares as the company's stock rose 13.55% with the market.

The total operating expenses of the quarter ended December 31, decreased 4.8 percent to $552 million from $580 million a year ago. The stock decreased 3.18% or $0.58 during the last trading session, reaching $17.66. About 566,890 shares traded. It has outperformed by 10.25% the S&P500.

Investors sentiment decreased to 1.09 in Q3 2017. The company has a current ratio of 0.99, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25. Canney Jacqueline P sold 1,586 shares worth $125,299. 26 funds opened positions while 74 raised stakes. California Pub Employees Retirement Sys reported 1.36M shares. Guggenheim Capital Limited Liability Corp holds 0.15% or 959,218 shares in its portfolio.


Investors are looking attentively on movement of stock as RSI reading reached at 34.44 because on this mostly stock considered as overbought or oversold. Advsr Limited Liability Company owns 690 shares. Oppenheimer And holds 8,164 shares. Stevens Capital Management Limited Partnership owns 65,821 shares for 0.14% of their portfolio. Parametric Associate Ltd Liability Co invested 0.02% in IdaCorp, Inc. Lsv Asset Management holds 0.46% in International Paper Company (NYSE:IP) or 4.92M shares. Stockholders of record on Thursday, September 13th will be given a dividend of $0.24 per share. 230,150 were reported by Majedie Asset Management. Commonwealth National Bank Of Aus reported 689,909 shares or 0.52% of all its holdings.

Among 18 analysts covering Intercontinental Exchange (NYSE:ICE), 14 have Buy rating, 0 Sell and 4 Hold. The firm has a market cap of $40,050.00, a price-to-earnings ratio of 16.14, a P/E/G ratio of 2.43 and a beta of 0.63. Schwab Charles Inv holds 0.62% or 9.09M shares. (NYSE:ICE) on Friday, September 4 with "Overweight" rating. Therefore 76% are positive. International Paper Company had 66 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Citigroup on Thursday, October 19 with "Neutral". The firm has "Overweight" rating by Barclays Capital given on Friday, September 8. Argus lifted their target price on shares of Intercontinental Exchange from $72.00 to $80.00 and gave the company a "buy" rating in a research note on Wednesday, December 20th. (NYSE:ICE) has "Buy" rating given on Thursday, February 8 by Keefe Bruyette & Woods. The rating was maintained by Jefferies on Tuesday, April 11 with "Buy". With 2.80M avg volume, 2 days are for Intercontinental Exchange Incorporated (NYSE:ICE)'s short sellers to cover ICE's short positions. Therefore 76% are positive. Intercontinental Exchange had 62 analyst reports since August 6, 2015 according to SRatingsIntel. Maple Cap Mgmt Inc reported 0.09% in Intercontinental Exchange, Inc. The stock of Intercontinental Exchange, Inc. Wood maintained Intercontinental Exchange, Inc.

COPYRIGHT VIOLATION WARNING: "Intercontinental Exchange (ICE) Coverage Initiated at Berenberg Bank" was reported by StockNewsTimes and is the sole property of of StockNewsTimes. The rating was maintained by Standpoint Research with "Hold" on Sunday, August 9. The rating was maintained by Wood on Friday, March 24 with "Buy". RBC Capital Markets maintained the shares of ICE in report on Monday, July 10 with "Hold" rating. (NYSE:ICE) earned "Buy" rating by Jefferies on Monday, July 17. The company was maintained on Wednesday, October 11 by Jefferies.

Investors sentiment decreased to 1.05 in 2017 Q3. After having $-0.58 EPS previously, Energous Corporation's analysts see 1.72% EPS growth. It turned negative, as 32 investors sold ICE shares while 233 reduced holdings. Macquarie Group Ltd. raised its position in Intercontinental Exchange by 0.9% during the 3rd quarter. Great West Life Assurance Co Can holds 0.08% or 460,650 shares in its portfolio. Appleton Incorporated Ma holds 1.07% or 92,447 shares. About 2.33 million shares traded. Millennium Mgmt Lc holds 0.11% of its portfolio in Intercontinental Exchange, Inc.

Full-year revenue of ICE was $4.63 billion, up 2.9 percent from $4.50 billion a year ago, and annual earnings were $2.5 billion, or $4.23 per diluted share, up 77 percent from $1.4 billion, or $2.37 per diluted share, a year ago. Greenwich Wealth Management Ltd invested in 0.22% or 18,940 shares. Goldman Sachs Group Inc Inc invested in 0.02% or 1.04 million shares. State Of Wisconsin Board invested 0.15% of its portfolio in Intercontinental Exchange, Inc. Also, insider Dean S. Mathison sold 1,042 shares of the company's stock in a transaction dated Tuesday, January 23rd. Qs Ltd Liability Corporation reported 9,881 shares stake. Cornerstone Advsrs stated it has 980 shares.

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