Intercontinental Exchange INC (ICE) Holder Stralem & Co INC Has Lowered Stake by $3.45 Million as Market Valuation Rose

April 17, 2018 - By Vivian Park

Investors sentiment increased to 1.28 in Q4 2017. Its up 0.23, from 1.05 in 2017Q3. It is positive, as 33 investors sold ICE shares while 214 reduced holdings. 80 funds opened positions while 235 raised stakes. 496.95 million shares or 0.82% less from 501.06 million shares in 2017Q3 were reported. Vident Invest Advisory Ltd Liability owns 10,137 shares for 0.03% of their portfolio. Ontario Teachers Pension Plan Board reported 0.15% stake. Johnson Invest Counsel reported 6,295 shares. Pub Sector Pension Invest Board stated it has 0.06% in Intercontinental Exchange, Inc. (NYSE:ICE). Proffitt And Goodson Inc has 16,209 shares for 0.47% of their portfolio. 14,835 were reported by Ls Invest Advsr Ltd Company. Fred Alger owns 1.21% invested in Intercontinental Exchange, Inc. (NYSE:ICE) for 3.81 million shares. Glg Limited Liability invested in 52,059 shares or 0.26% of the stock. Pillar Pacific Ltd Limited Liability Company invested in 1.02% or 118,237 shares. Tokio Marine Asset has 0.03% invested in Intercontinental Exchange, Inc. (NYSE:ICE) for 3,188 shares. The New York-based Etrade Mgmt Ltd Llc has invested 0.08% in Intercontinental Exchange, Inc. (NYSE:ICE). Armstrong Shaw Associates Incorporated Ct reported 3.3% in Intercontinental Exchange, Inc. (NYSE:ICE). Ssi reported 0.03% stake. Groesbeck Inv Corp Nj holds 0.64% in Intercontinental Exchange, Inc. (NYSE:ICE) or 12,980 shares. Cannell Peter B And holds 17,990 shares or 0.04% of its portfolio.

Stralem & Co Inc decreased its stake in Intercontinental Exchange Inc (ICE) by 14.67% based on its latest 2017Q4 regulatory filing with the SEC. Stralem & Co Inc sold 49,340 shares as the company’s stock rose 2.21% while stock markets declined. The institutional investor held 287,030 shares of the investment bankers and brokers and service company at the end of 2017Q4, valued at $20.25M, down from 336,370 at the end of the previous reported quarter. Stralem & Co Inc who had been investing in Intercontinental Exchange Inc for a number of months, seems to be less bullish one the $42.89 billion market cap company. The stock increased 0.87% or $0.64 during the last trading session, reaching $73.82. About 481,420 shares traded. Intercontinental Exchange, Inc. (NYSE:ICE) has risen 20.88% since April 17, 2017 and is uptrending. It has outperformed by 9.33% the S&P500.

Stralem & Co Inc, which manages about $2.29B and $588.71M US Long portfolio, upped its stake in Celgene Corp Com (NASDAQ:CELG) by 33,660 shares to 135,243 shares, valued at $14.11M in 2017Q4, according to the filing.

Analysts await Intercontinental Exchange, Inc. (NYSE:ICE) to report earnings on May, 2. They expect $0.88 EPS, up 18.92 % or $0.14 from last year’s $0.74 per share. ICE’s profit will be $511.26M for 20.97 P/E if the $0.88 EPS becomes a reality. After $0.73 actual EPS reported by Intercontinental Exchange, Inc. for the previous quarter, Wall Street now forecasts 20.55 % EPS growth.

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

Among 11 analysts covering Intercontinental Exchange (NYSE:ICE), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Intercontinental Exchange has $90 highest and $74.0 lowest target. $83’s average target is 12.44% above currents $73.82 stock price. Intercontinental Exchange had 15 analyst reports since October 19, 2017 according to SRatingsIntel. As per Thursday, November 2, the company rating was maintained by Keefe Bruyette & Woods. Jefferies maintained it with “Buy” rating and $87.0 target in Tuesday, January 16 report. The rating was maintained by UBS on Friday, November 3 with “Buy”. The stock of Intercontinental Exchange, Inc. (NYSE:ICE) has “Buy” rating given on Thursday, February 8 by Bank of America. The firm has “Neutral” rating by Citigroup given on Thursday, October 19. As per Tuesday, February 20, the company rating was upgraded by J.P. Morgan. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Wednesday, April 11 report. Keefe Bruyette & Woods maintained the shares of ICE in report on Thursday, December 21 with “Buy” rating. The firm has “Buy” rating given on Thursday, February 8 by Keefe Bruyette & Woods. As per Tuesday, February 20, the company rating was upgraded by JP Morgan.

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

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