Nippon Life Global Investors Americas Inc. Has $14.03 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Nippon Life Global Investors Americas Inc. trimmed its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 70.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,170 shares of the financial services provider's stock after selling 220,440 shares during the period. Nippon Life Global Investors Americas Inc.'s holdings in Intercontinental Exchange were worth $14,032,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in ICE. Soros Capital Management LLC lifted its position in shares of Intercontinental Exchange by 28.4% during the 4th quarter. Soros Capital Management LLC now owns 154,840 shares of the financial services provider's stock valued at $23,073,000 after acquiring an additional 34,257 shares during the period. Fayez Sarofim & Co raised its stake in Intercontinental Exchange by 0.4% in the fourth quarter. Fayez Sarofim & Co now owns 2,163,052 shares of the financial services provider's stock valued at $322,316,000 after purchasing an additional 8,484 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in Intercontinental Exchange by 13.4% during the fourth quarter. OneDigital Investment Advisors LLC now owns 6,769 shares of the financial services provider's stock worth $1,009,000 after purchasing an additional 800 shares during the period. Stifel Financial Corp grew its stake in Intercontinental Exchange by 0.9% during the fourth quarter. Stifel Financial Corp now owns 493,833 shares of the financial services provider's stock worth $73,594,000 after buying an additional 4,326 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in Intercontinental Exchange by 15.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,464 shares of the financial services provider's stock valued at $367,000 after buying an additional 323 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the completion of the sale, the director now owns 21,364 shares in the company, valued at $3,396,876. The trade was a 10.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Benjamin Jackson sold 17,104 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the transaction, the president now owns 155,174 shares in the company, valued at $25,855,091.88. The trade was a 9.93 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,931 shares of company stock valued at $10,492,868. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on ICE. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods lifted their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. dropped their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Bank of America dropped their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, UBS Group lifted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.47.

Intercontinental Exchange Trading Up 0.3 %

NYSE:ICE traded up $0.42 during trading hours on Friday, hitting $163.40. 1,642,782 shares of the company were exchanged, compared to its average volume of 2,927,987. The stock has a market capitalization of $93.87 billion, a price-to-earnings ratio of 34.18, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $177.45. The company has a fifty day simple moving average of $166.46 and a 200 day simple moving average of $160.45. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.18%. Intercontinental Exchange's dividend payout ratio (DPR) is currently 40.17%.

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.