Nomura Asset Management Co. Ltd. Boosts Stake in Intercontinental Exchange Inc. (ICE)
Nomura Asset Management Co. Ltd. raised its position in Intercontinental Exchange Inc. (NYSE:ICE) by 2.7% during the third quarter, Holdings Channel reports. The institutional investor owned 18,021 shares of the company’s stock after buying an additional 471 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Intercontinental Exchange were worth $4,854,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. Calamos Wealth Management LLC raised its position in shares of Intercontinental Exchange by 16.5% in the second quarter. Calamos Wealth Management LLC now owns 19,400 shares of the company’s stock worth $4,966,000 after buying an additional 2,744 shares in the last quarter. American Century Companies Inc. raised its position in shares of Intercontinental Exchange by 26.8% in the second quarter. American Century Companies Inc. now owns 1,105,774 shares of the company’s stock worth $283,034,000 after buying an additional 233,988 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of Intercontinental Exchange by 13.3% in the second quarter. Candriam Luxembourg S.C.A. now owns 5,986 shares of the company’s stock worth $1,532,000 after buying an additional 701 shares in the last quarter. Retirement Systems of Alabama raised its position in shares of Intercontinental Exchange by 0.8% in the second quarter. Retirement Systems of Alabama now owns 60,691 shares of the company’s stock worth $15,534,000 after buying an additional 494 shares in the last quarter. Finally, Strs Ohio raised its position in shares of Intercontinental Exchange by 37.3% in the second quarter. Strs Ohio now owns 266,028 shares of the company’s stock worth $68,092,000 after buying an additional 72,309 shares in the last quarter. Hedge funds and other institutional investors own 17.77% of the company’s stock.
Intercontinental Exchange Inc. (NYSE:ICE) traded up 0.14% on Friday, hitting $56.80. 621,369 shares of the company’s stock traded hands. The stock has a market cap of $6.53 billion, a P/E ratio of 23.27 and a beta of 0.90. The stock has a 50 day moving average price of $57.25 and a 200-day moving average price of $54.94. Intercontinental Exchange Inc. has a 12 month low of $45.44 and a 12 month high of $59.86.
Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Tuesday, November 1st. The company reported $3.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.22 by $0.01. Intercontinental Exchange had a net margin of 25.29% and a return on equity of 10.57%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the company earned $2.91 EPS. Intercontinental Exchange’s revenue for the quarter was up 32.1% compared to the same quarter last year. Equities analysts predict that Intercontinental Exchange Inc. will post $2.75 earnings per share for the current fiscal year.
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A number of research firms have recently commented on ICE. Evercore ISI restated a “buy” rating and issued a $63.00 price objective on shares of Intercontinental Exchange in a research report on Saturday, December 17th. Zacks Investment Research lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday, October 7th. Finally, Jefferies Group raised their price objective on shares of Intercontinental Exchange from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, October 11th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Intercontinental Exchange presently has a consensus rating of “Buy” and an average price target of $60.27.
In related news, insider Charles A. Vice sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $57.08, for a total value of $285,400.00. Following the completion of the sale, the insider now directly owns 304,915 shares of the company’s stock, valued at approximately $17,404,548.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles A. Vice sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $264.84, for a total transaction of $397,260.00. Following the completion of the sale, the insider now directly owns 61,483 shares of the company’s stock, valued at $16,283,157.72. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.
About Intercontinental Exchange
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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