Bank Pictet & Cie Asia LTD Has Boosted 3M Co (MMM) Stake By $4.01 Million; Intercontinental Exchange (ICE) Had 9 Bullish Analysts

June 19, 2017 - By Louis Casey

Bank Pictet & Cie Asia Ltd increased 3M Co (MMM) stake by 163.4% reported in 2016Q4 SEC filing. Bank Pictet & Cie Asia Ltd acquired 22,500 shares as 3M Co (MMM)’s stock rose 7.02%. The Bank Pictet & Cie Asia Ltd holds 36,270 shares with $6.48M value, up from 13,770 last quarter. 3M Co now has $128.45 billion valuation. The stock declined 0.06% or $0.13 reaching $213.11 on the news. About 196,525 shares traded. 3M Co (NYSE:MMM) has risen 18.59% since June 19, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.

Among 12 analysts covering Intercontinental Exchange (NYSE:ICE), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Intercontinental Exchange had 37 analyst reports since August 6, 2015 according to SRatingsIntel. Goldman Sachs maintained the stock with “Buy” rating in Friday, May 6 report. The firm earned “Buy” rating on Friday, May 20 by Sterne Agee CRT. The company was reinitiated on Friday, March 31 by RBC Capital Markets. The firm has “Buy” rating by Deutsche Bank given on Thursday, August 6. The rating was upgraded by JP Morgan on Wednesday, June 1 to “Neutral”. The firm has “Hold” rating by Standpoint Research given on Sunday, August 9. The rating was downgraded by Argus Research on Monday, November 2 to “Hold”. The firm has “Buy” rating given on Thursday, August 4 by UBS. RBC Capital Markets initiated Intercontinental Exchange Inc (NYSE:ICE) on Wednesday, December 9 with “Sector Perform” rating. On Friday, March 24 the stock rating was maintained by Wood with “Buy”. See Intercontinental Exchange Inc (NYSE:ICE) latest ratings:

13/04/2017 Broker: Wood Rating: Buy New Target: $65.50 Maintain
11/04/2017 Broker: Jefferies Rating: Buy New Target: $70.00 Maintain
31/03/2017 Broker: RBC Capital Markets Rating: Sector Perform New Target: $60.00 Reinitiate
24/03/2017 Broker: Wood Rating: Buy New Target: $63.50 Maintain

Investors sentiment increased to 0.86 in 2016 Q4. Its up 0.08, from 0.78 in 2016Q3. It is positive, as 67 investors sold MMM shares while 592 reduced holdings. 100 funds opened positions while 464 raised stakes. 383.70 million shares or 2.52% more from 374.26 million shares in 2016Q3 were reported. 1.80M are held by Mairs Power. Public Employees Retirement Association Of Colorado, Colorado-based fund reported 115,025 shares. Fisher Asset Limited Liability Corporation, a Washington-based fund reported 97,705 shares. Reynders Mcveigh Cap Limited Com has 0.99% invested in 3M Co (NYSE:MMM). Cooke Bieler Limited Partnership holds 1.01% or 284,364 shares in its portfolio. Pinnacle Wealth Management Advisory Group Limited Liability Com has 8,986 shares for 1.15% of their portfolio. Retail Bank Of Ny Mellon Corp holds 0.34% or 6.54 million shares in its portfolio. Wealth Architects Lc invested 1.37% in 3M Co (NYSE:MMM). Smithfield accumulated 17,242 shares. Retirement Systems Of Alabama invested in 0.48% or 465,936 shares. Tiaa Cref Investment Mngmt Ltd Liability Corp accumulated 0.64% or 4.80 million shares. Bar Harbor Trust Svcs has invested 0.14% of its portfolio in 3M Co (NYSE:MMM). Brown Advisory Lc invested in 10,689 shares or 0.52% of the stock. Connors Investor Inc owns 41,697 shares. Aureus Asset Mngmt Lc accumulated 8,143 shares.

Among 11 analysts covering 3M (NYSE:MMM), 5 have Buy rating, 2 Sell and 4 Hold. Therefore 45% are positive. 3M had 42 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Thursday, June 1. The firm has “Buy” rating given on Friday, April 28 by Barclays Capital. Citigroup maintained 3M Co (NYSE:MMM) on Tuesday, April 19 with “Buy” rating. The stock of 3M Co (NYSE:MMM) earned “Equal-Weight” rating by Barclays Capital on Monday, October 5. Jefferies maintained 3M Co (NYSE:MMM) on Friday, May 26 with “Buy” rating. The firm has “Underperform” rating by RBC Capital Markets given on Wednesday, October 26. The company was maintained on Friday, July 24 by UBS. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, December 14. On Wednesday, December 7 the stock rating was upgraded by RBC Capital Markets to “Sector Perform”. The stock of 3M Co (NYSE:MMM) has “Outperform” rating given on Friday, September 25 by Credit Suisse.

Since February 8, 2017, it had 0 buys, and 14 insider sales for $30.89 million activity. Shares for $1.90M were sold by Vale Michael G. on Tuesday, February 14. $8.41M worth of 3M Co (NYSE:MMM) was sold by Shin Hak Cheol. $2.88M worth of 3M Co (NYSE:MMM) was sold by McGrath Marlene Mary on Thursday, May 18. 3,016 shares were sold by Price Kimberly F, worth $597,500. $2.60M worth of 3M Co (NYSE:MMM) was sold by THULIN INGE G on Thursday, February 9. $207,406 worth of 3M Co (NYSE:MMM) was sold by Delgado Joaquin on Tuesday, February 14. Keel Paul A sold $1.53M worth of stock.

Intercontinental Exchange, Inc. is an operator of regulated exchanges, clearing houses and listings venues. The company has market cap of $38.35 billion. The Firm provides data services for commodity and financial markets. It has a 24.96 P/E ratio. The Company’s divisions include Trading and Clearing segment, and Data and Listings segment.

Investors sentiment increased to 11.77 in Q4 2016. Its up 10.76, from 1.01 in 2016Q3. It is positive, as 32 investors sold Intercontinental Exchange Inc shares while 16 reduced holdings. 77 funds opened positions while 488 raised stakes. 1.03 billion shares or 903.33% more from 102.32 million shares in 2016Q3 were reported. Retirement Systems Of Alabama invested 0.1% of its portfolio in Intercontinental Exchange Inc (NYSE:ICE). Moreover, Texas Permanent School Fund has 0.13% invested in Intercontinental Exchange Inc (NYSE:ICE). Eaton Vance reported 135,701 shares. Timber Hill Limited Liability Co holds 0.01% of its portfolio in Intercontinental Exchange Inc (NYSE:ICE) for 21,965 shares. Moreover, Amf Pensionsforsakring has 0.53% invested in Intercontinental Exchange Inc (NYSE:ICE). Central State Bank Co has invested 1.63% in Intercontinental Exchange Inc (NYSE:ICE). Rocky Mountain Advisers holds 0.01% or 35 shares in its portfolio. Employees Retirement Association Of Colorado owns 0.78% invested in Intercontinental Exchange Inc (NYSE:ICE) for 1.72M shares. Carmignac Gestion stated it has 5.85% in Intercontinental Exchange Inc (NYSE:ICE). Hancock Communication owns 259,381 shares for 0.54% of their portfolio. First Republic Inv Management Inc accumulated 0.04% or 83,339 shares. The Illinois-based First American Retail Bank has invested 0.26% in Intercontinental Exchange Inc (NYSE:ICE). Rockefeller Fin Svcs Incorporated holds 0% or 1,565 shares in its portfolio. Honeywell Intll Incorporated invested in 501,500 shares or 0.95% of the stock. Credit Suisse Ag owns 980,127 shares.

About 123,138 shares traded. Intercontinental Exchange Inc (NYSE:ICE) has risen 13.80% since June 19, 2016 and is uptrending. It has underperformed by 2.90% the S&P500.

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.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>