IntercontinentalExchange Inc. (ICE): Today's Featured Financial Services Loser

IntercontinentalExchange ( ICE) pushed the Financial Services industry lower today making it today's featured Financial Services loser. The industry as a whole closed the day up 0.6%. By the end of trading, IntercontinentalExchange fell $1.62 (-1.2%) to $131 on average volume. Throughout the day, 564,829 shares of IntercontinentalExchange exchanged hands as compared to its average daily volume of 635,000 shares. The stock ranged in price between $130.44-$132.69 after having opened the day at $132.69 as compared to the previous trading day's close of $132.62. Other company's within the Financial Services industry that declined today were: Ampal-American Israel Corporation ( AMPL), down 12.5%, Ameritrans Capital Corporation ( AMTC), down 10.8%, Artio Global Investors ( ART), down 9.9%, and Credit Suisse ( DSLV), down 4%.

IntercontinentalExchange, Inc. operates regulated exchanges, clearing houses, and over-the-counter (OTC) markets for agricultural, credit, currency, emissions, energy, and equity index contracts. IntercontinentalExchange has a market cap of $9.48 billion and is part of the financial sector. The company has a P/E ratio of 22.1, above the average financial services industry P/E ratio of 18.9 and above the S&P 500 P/E ratio of 17.7. Shares are up 10% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate IntercontinentalExchange a buy, one analyst rates it a sell, and five rate it a hold.

TheStreet Ratings rates IntercontinentalExchange as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

On the positive front, Security National Financial Corporation ( SNFCA), up 12.9%, SGOCO Group ( SGOC), up 8.4%, Cash America International ( CSH), up 7.2%, and Community Bankers Trust Corporation ( BTC), up 6.6%, were all gainers within the financial services industry with Franklin Resources ( BEN) being today's featured financial services industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).

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