Nomura Asset Management Co. Ltd. Has $20.70 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Nomura Asset Management Co. Ltd. increased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,190 shares of the financial services provider’s stock after acquiring an additional 5,748 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Intercontinental Exchange were worth $20,702,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ICE. Jones Financial Companies Lllp acquired a new position in shares of Intercontinental Exchange during the third quarter valued at $26,000. Fortitude Family Office LLC acquired a new position in Intercontinental Exchange in the fourth quarter valued at about $28,000. Stuart Chaussee & Associates Inc. acquired a new position in Intercontinental Exchange in the fourth quarter valued at about $28,000. Altshuler Shaham Ltd acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $29,000. Finally, Sachetta LLC acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Argus reaffirmed a “buy” rating and set a $153.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. Citigroup increased their price objective on Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Morgan Stanley increased their price objective on Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. UBS Group increased their price objective on Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Finally, Keefe, Bruyette & Woods decreased their price objective on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Intercontinental Exchange has an average rating of “Moderate Buy” and a consensus price target of $148.29.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,388 shares of Intercontinental Exchange stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total value of $8,011,417.48. Following the completion of the transaction, the chief executive officer now directly owns 1,179,895 shares of the company’s stock, valued at approximately $161,893,392.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Warren Gardiner sold 500 shares of Intercontinental Exchange stock in a transaction on Friday, March 8th. The stock was sold at an average price of $138.83, for a total value of $69,415.00. Following the transaction, the chief financial officer now owns 18,326 shares in the company, valued at approximately $2,544,198.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey C. Sprecher sold 58,388 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total value of $8,011,417.48. Following the sale, the chief executive officer now owns 1,179,895 shares in the company, valued at approximately $161,893,392.95. The disclosure for this sale can be found here. Insiders sold 61,467 shares of company stock valued at $8,433,168 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

NYSE:ICE traded up $0.94 during mid-day trading on Friday, hitting $136.34. 926,069 shares of the stock were exchanged, compared to its average volume of 2,117,377. The stock has a market capitalization of $78.20 billion, a price-to-earnings ratio of 31.27, a price-to-earnings-growth ratio of 2.54 and a beta of 1.02. The firm’s 50-day simple moving average is $134.28 and its 200 day simple moving average is $128.84. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange, Inc. has a fifty-two week low of $103.81 and a fifty-two week high of $140.43.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share for the quarter, meeting the consensus estimate of $1.48. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 EPS. As a group, equities analysts anticipate that Intercontinental Exchange, Inc. will post 5.96 EPS for the current fiscal year.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.