Intercontinentalexchange Inc (NYSE:ICE) Move as Institutional Investors’ Sentiment Falls

July 16, 2018 - By Palma Niemeyer

Sentiment for Intercontinentalexchange Inc (NYSE:ICE)

Intercontinentalexchange 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 hedge funds increased and started new stock positions, while 303 reduced and sold positions in Intercontinentalexchange Inc. The hedge funds in our partner’s database now possess: 486.05 million shares, down from 496.95 million shares in 2017Q4. Also, the number of hedge funds holding Intercontinentalexchange Inc in their top 10 stock positions 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 $43.49 billion. It operates in two divisions, Trading and Clearing, and Data and Listings. It has a 17.94 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 0.51% or $0.38 during the last trading session, reaching $75.08. About 626,011 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 earnings per share, up 17.33 % or $0.13 from last year’s $0.75 per share. ICE’s profit will be $509.72 million for 21.33 P/E if the $0.88 EPS becomes a reality. After $0.90 actual earnings per share 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 11.55% above today’s ($75.08) share price. ICE was included in 10 notes of analysts from January 25, 2018. The stock of Intercontinental Exchange, Inc. (NYSE:ICE) has “Buy” rating given on Thursday, February 8 by Bank of America. The stock of Intercontinental Exchange, Inc. (NYSE:ICE) earned “Overweight” rating by JP Morgan on Tuesday, February 20. The firm earned “Buy” rating on Tuesday, February 20 by J.P. Morgan. The firm has “Overweight” rating by Barclays Capital given on Thursday, July 12. The firm has “Buy” rating given on Wednesday, April 11 by Keefe Bruyette & Woods. On Friday, April 6 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, February 8.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.