Nomura Asset Management Co. Ltd. Has $25.89 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Nomura Asset Management Co. Ltd. grew its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,720 shares of the financial services provider’s stock after buying an additional 4,450 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Intercontinental Exchange were worth $25,886,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new position in Intercontinental Exchange during the 3rd quarter worth about $530,000. Townsquare Capital LLC grew its holdings in shares of Intercontinental Exchange by 43.8% during the third quarter. Townsquare Capital LLC now owns 10,335 shares of the financial services provider’s stock worth $1,660,000 after buying an additional 3,147 shares in the last quarter. Financial Counselors Inc. raised its position in Intercontinental Exchange by 188.0% in the 3rd quarter. Financial Counselors Inc. now owns 10,847 shares of the financial services provider’s stock valued at $1,742,000 after buying an additional 7,081 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its stake in Intercontinental Exchange by 6.0% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 3,557 shares of the financial services provider’s stock valued at $572,000 after acquiring an additional 200 shares in the last quarter. Finally, Fred Alger Management LLC acquired a new position in Intercontinental Exchange during the 3rd quarter worth approximately $372,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 1.0 %

ICE opened at $174.65 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock’s fifty day simple moving average is $167.12 and its 200 day simple moving average is $160.56. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $177.45. The stock has a market cap of $100.35 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. As a group, research analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ICE. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. JPMorgan Chase & Co. lowered their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. UBS Group increased their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods upped their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Barclays raised their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $178.80.

Insider Activity

In other news, insider Christopher Scott Edmonds sold 601 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the sale, the insider now owns 12,922 shares of the company’s stock, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Benjamin Jackson sold 7,900 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the completion of the transaction, the president now owns 147,274 shares in the company, valued at $25,247,181.82. This trade represents a 5.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,563 shares of company stock valued at $10,998,990. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Company 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.