Nomura Asset Management Co. Ltd. Has $27.19 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Nomura Asset Management Co. Ltd. grew its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 6.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,270 shares of the financial services provider's stock after purchasing an additional 10,399 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Intercontinental Exchange were worth $27,192,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. State Street Corp lifted its position in Intercontinental Exchange by 1.2% during the third quarter. State Street Corp now owns 23,651,598 shares of the financial services provider's stock worth $3,799,393,000 after acquiring an additional 281,503 shares during the last quarter. FMR LLC lifted its holdings in Intercontinental Exchange by 44.1% during the 3rd quarter. FMR LLC now owns 7,846,421 shares of the financial services provider's stock worth $1,260,449,000 after purchasing an additional 2,401,630 shares during the last quarter. Parnassus Investments LLC boosted its stake in Intercontinental Exchange by 4.0% in the 3rd quarter. Parnassus Investments LLC now owns 7,838,727 shares of the financial services provider's stock valued at $1,259,213,000 after purchasing an additional 299,037 shares during the period. Janus Henderson Group PLC grew its holdings in Intercontinental Exchange by 326.3% in the 3rd quarter. Janus Henderson Group PLC now owns 4,520,639 shares of the financial services provider's stock valued at $726,196,000 after buying an additional 3,460,096 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Intercontinental Exchange by 4.5% during the second quarter. Legal & General Group Plc now owns 4,453,286 shares of the financial services provider's stock worth $609,609,000 after buying an additional 191,763 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Wall Street Analyst Weigh In

ICE has been the topic of a number of recent research reports. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. raised their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Bank of America boosted their price target on Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Morgan Stanley lifted their price objective on Intercontinental Exchange from $160.00 to $174.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research report on Friday, November 1st. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $175.07.

Intercontinental Exchange Trading Down 0.1 %

Intercontinental Exchange stock traded down $0.21 during trading hours on Wednesday, hitting $158.20. The stock had a trading volume of 3,249,211 shares, compared to its average volume of 2,604,610. The business's 50 day simple moving average is $160.23 and its 200-day simple moving average is $153.05. Intercontinental Exchange, Inc. has a one year low of $116.21 and a one year high of $167.99. The stock has a market cap of $90.83 billion, a price-to-earnings ratio of 37.59, a P/E/G ratio of 2.58 and a beta of 1.08. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the business earned $1.46 EPS. The firm's quarterly revenue was up 17.3% on a year-over-year basis. On average, equities analysts predict that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Insider Activity at Intercontinental Exchange

In other news, President Benjamin Jackson sold 5,828 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the transaction, the president now owns 156,163 shares in the company, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Scott Edmonds sold 602 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the sale, the insider now owns 14,034 shares of the company's stock, valued at approximately $2,284,875.54. This trade represents a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,946 shares of company stock worth $1,433,486 over the last three months. Company insiders own 1.10% of the company's stock.

About Intercontinental Exchange

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.