Nuveen Asset Management LLC reduced its position in shares of IntercontinentalExchange Group Inc. (NYSE:ICE) by 6.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 129,611 shares of the company’s stock after selling 8,312 shares during the period. Nuveen Asset Management LLC owned 0.11% of IntercontinentalExchange Group worth $30,476,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in shares of IntercontinentalExchange Group by 8.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,661,689 shares of the company’s stock worth $2,732,164,000 after buying an additional 790,745 shares during the period. Vanguard Group Inc. boosted its position in shares of IntercontinentalExchange Group by 10.0% in the fourth quarter. Vanguard Group Inc. now owns 6,848,012 shares of the company’s stock worth $1,754,871,000 after buying an additional 622,965 shares during the period. State Street Corp boosted its position in shares of IntercontinentalExchange Group by 0.9% in the first quarter. State Street Corp now owns 4,607,392 shares of the company’s stock worth $1,083,386,000 after buying an additional 39,878 shares during the period. Wellington Management Group LLP boosted its position in shares of IntercontinentalExchange Group by 12.6% in the first quarter. Wellington Management Group LLP now owns 2,864,823 shares of the company’s stock worth $673,634,000 after buying an additional 319,612 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of IntercontinentalExchange Group by 15.8% in the first quarter. JPMorgan Chase & Co. now owns 2,814,315 shares of the company’s stock worth $661,758,000 after buying an additional 384,685 shares during the period.
Shares of IntercontinentalExchange Group Inc. (NYSE:ICE) traded up 0.04% during trading on Monday, hitting $256.99. 122,421 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $259.20 and its 200 day moving average is $248.44. IntercontinentalExchange Group Inc. has a 1-year low of $220.28 and a 1-year high of $271.95. The firm has a market capitalization of $29.57 billion and a PE ratio of 22.00.
IntercontinentalExchange Group (NYSE:ICE) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $3.68 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.03. The company earned $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. The company’s revenue was up 35.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.06 earnings per share. On average, equities research analysts forecast that IntercontinentalExchange Group Inc. will post $13.89 earnings per share for the current year.
A number of brokerages have recently weighed in on ICE. Keefe, Bruyette & Woods reissued a “buy” rating on shares of IntercontinentalExchange Group in a research note on Saturday, April 9th. Argus raised their price objective on shares of IntercontinentalExchange Group from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, May 5th. Deutsche Bank AG began coverage on shares of IntercontinentalExchange Group in a research note on Thursday, May 5th. They set a “buy” rating and a $295.00 price objective for the company. Goldman Sachs Group Inc. reissued a “buy” rating and set a $305.00 price objective on shares of IntercontinentalExchange Group in a research note on Friday, May 6th. Finally, Sterne Agee CRT began coverage on shares of IntercontinentalExchange Group in a research note on Thursday, May 19th. They set a “buy” rating and a $300.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. IntercontinentalExchange Group has an average rating of “Buy” and an average price target of $283.83.
In related news, CEO Jeffrey C. Sprecher sold 24,606 shares of the stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $251.95, for a total transaction of $6,199,481.70. Following the completion of the sale, the chief executive officer now directly owns 313,444 shares of the company’s stock, valued at $78,972,215.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas W. Farley sold 755 shares of the stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of $253.18, for a total transaction of $191,150.90. The disclosure for this sale can be found here.
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible 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.