Nomura Asset Management Co. Ltd. grew its holdings in shares of Intercontinental Exchange Inc (NYSE:ICE) by 16.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 122,925 shares of the financial services provider’s stock after purchasing an additional 17,798 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Intercontinental Exchange were worth $9,042,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Kaizen Advisory LLC increased its holdings in shares of Intercontinental Exchange by 143.4% during the second quarter. Kaizen Advisory LLC now owns 1,356 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 799 shares during the period. Townsend & Associates Inc increased its holdings in shares of Intercontinental Exchange by 894.0% during the second quarter. Townsend & Associates Inc now owns 1,650 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 1,484 shares during the period. Bedel Financial Consulting Inc. acquired a new position in shares of Intercontinental Exchange during the first quarter valued at $127,000. Institutional & Family Asset Management LLC acquired a new position in shares of Intercontinental Exchange during the first quarter valued at $128,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of Intercontinental Exchange during the first quarter valued at $130,000. 89.25% of the stock is currently owned by institutional investors.

ICE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. set a $83.00 price target on Intercontinental Exchange and gave the company a “buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Tuesday, June 12th. ValuEngine lowered Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Saturday, June 16th. Compass Point initiated coverage on Intercontinental Exchange in a report on Friday, June 22nd. They set a “buy” rating and a $85.00 target price on the stock. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $80.00 target price (up from $74.00) on shares of Intercontinental Exchange in a report on Monday, July 9th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $80.00.

In related news, Vice Chairman Charles A. Vice sold 35,000 shares of Intercontinental Exchange stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $75.65, for a total value of $2,647,750.00. Following the transaction, the insider now owns 417,507 shares of the company’s stock, valued at approximately $31,584,404.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mark Wassersug sold 7,898 shares of Intercontinental Exchange stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $75.06, for a total value of $592,823.88. Following the completion of the transaction, the chief operating officer now directly owns 32,348 shares in the company, valued at approximately $2,428,040.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 277,709 shares of company stock worth $20,085,519. 1.50% of the stock is owned by corporate insiders.

Intercontinental Exchange opened at $73.27 on Friday, Marketbeat.com reports. The stock has a market cap of $41.99 billion, a P/E ratio of 24.84, a PEG ratio of 2.14 and a beta of 0.64. Intercontinental Exchange Inc has a 52-week low of $63.93 and a 52-week high of $77.22. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, August 2nd. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion. Intercontinental Exchange had a return on equity of 11.45% and a net margin of 41.83%. Intercontinental Exchange’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share. sell-side analysts anticipate that Intercontinental Exchange Inc will post 3.48 earnings per share for the current fiscal year.

About Intercontinental Exchange

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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