Institutional Investor’s Anti-Intercontinentalexchange Group Inc (NYSE:ICE) Sentiment In Q1 2018

July 16, 2018 - By Richard Slagle

Sentiment for Intercontinentalexchange Group Inc (NYSE:ICE)

Intercontinentalexchange Group Inc (NYSE:ICE) institutional sentiment decreased to 0.87 in 2018 Q1. Its down -0.41, from 1.28 in 2017Q4. The ratio turned negative, as 264 active investment managers increased and started new holdings, while 303 cut down and sold their positions in Intercontinentalexchange Group Inc. The active investment managers in our partner’s database reported: 486.05 million shares, down from 496.95 million shares in 2017Q4. Also, the number of active investment managers holding Intercontinentalexchange Group Inc in their top 10 holdings increased from 14 to 17 for an increase of 3. Sold All: 45 Reduced: 258 Increased: 191 New Position: 73.

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, Israel, Canada, and Singapore. The company has market cap of $43.50 billion. It operates in two divisions, Trading and Clearing, and Data and Listings. It has a 17.95 P/E ratio. The firm operates marketplaces for 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.

The stock increased 0.54% or $0.4 during the last trading session, reaching $75.1. About 620,362 shares traded. Intercontinental Exchange, Inc. (NYSE:ICE) has risen 17.24% since July 16, 2017 and is uptrending. It has outperformed by 4.67% the S&P500.

Analysts await Intercontinental Exchange, Inc. (NYSE:ICE) to report earnings on August, 2. They expect $0.88 EPS, up 17.33 % or $0.13 from last year’s $0.75 per share. ICE’s profit will be $509.72M for 21.34 P/E if the $0.88 EPS becomes a reality. After $0.90 actual EPS reported by Intercontinental Exchange, Inc. for the previous quarter, Wall Street now forecasts -2.22 % negative EPS growth.

Cortland Associates Inc Mo holds 7.55% of its portfolio in Intercontinental Exchange, Inc. for 590,489 shares. Highline Capital Management L.P. owns 2.90 million shares or 7.17% of their US portfolio. Moreover, Eminence Capital Lp has 5.65% invested in the company for 5.23 million shares. The New York-based Corvex Management Lp has invested 5.02% in the stock. Wall Street Access Asset Management Llc, a New York-based fund reported 50,631 shares.

Intercontinental Exchange, Inc. (NYSE:ICE) Ratings Coverage

Ratings analysis reveals 100% of Intercontinental Exchange’s analysts are positive. Out of 9 Wall Street analysts rating Intercontinental Exchange, 9 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $81 while the high is $90. The stock’s average target of $83.75 is 11.52% above today’s ($75.1) share price. ICE was included in 10 notes of analysts from January 25, 2018. The firm has “Overweight” rating given on Tuesday, February 20 by JP Morgan. On Wednesday, April 11 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. Deutsche Bank maintained the shares of ICE in report on Friday, April 6 with “Buy” rating. The company was maintained on Thursday, February 8 by Keefe Bruyette & Woods. The stock has “Buy” rating by Bank of America on Thursday, February 8. The rating was maintained by Barclays Capital with “Overweight” on Thursday, July 12. The stock has “Buy” rating by J.P. Morgan on Tuesday, February 20.

Intercontinental Exchange, Inc. (NYSE:ICE) Institutional Positions Chart

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