Intercontinental Exchange Inc (NYSE:ICE) Shares Bought by Sompo Japan Nipponkoa Asset Management CO. LTD.

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Sompo Japan Nipponkoa Asset Management CO. LTD. boosted its stake in shares of Intercontinental Exchange Inc (NYSE:ICE) by 4.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,060 shares of the financial services provider’s stock after buying an additional 670 shares during the quarter. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Intercontinental Exchange were worth $1,216,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. SeaCrest Wealth Management LLC grew its position in Intercontinental Exchange by 4.7% during the fourth quarter. SeaCrest Wealth Management LLC now owns 2,400 shares of the financial services provider’s stock worth $222,000 after buying an additional 108 shares during the period. MACRO Consulting Group lifted its holdings in shares of Intercontinental Exchange by 0.5% in the fourth quarter. MACRO Consulting Group now owns 25,904 shares of the financial services provider’s stock valued at $2,397,000 after purchasing an additional 122 shares in the last quarter. Magellan Asset Management Ltd lifted its holdings in shares of Intercontinental Exchange by 14.0% in the fourth quarter. Magellan Asset Management Ltd now owns 1,034 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 127 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Intercontinental Exchange by 3.7% in the first quarter. Sequoia Financial Advisors LLC now owns 3,621 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 129 shares in the last quarter. Finally, Argent Trust Co lifted its holdings in shares of Intercontinental Exchange by 1.3% in the fourth quarter. Argent Trust Co now owns 10,366 shares of the financial services provider’s stock valued at $959,000 after purchasing an additional 132 shares in the last quarter. Institutional investors own 90.40% of the company’s stock.

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 175,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $87.22, for a total transaction of $15,263,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Andrew J. Surdykowski sold 3,991 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $91.26, for a total transaction of $364,218.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 216,223 shares of company stock worth $19,123,431. 1.50% of the stock is currently owned by insiders.

Several analysts have issued reports on ICE shares. Citigroup upped their price target on shares of Intercontinental Exchange from $93.00 to $102.00 and gave the company a “buy” rating in a report on Monday, April 20th. Goldman Sachs Group raised shares of Intercontinental Exchange from a “buy” rating to a “conviction-buy” rating and set a $90.00 price target on the stock in a report on Tuesday, March 24th. Bank of America reaffirmed a “buy” rating on shares of Intercontinental Exchange in a report on Tuesday, March 24th. Barclays upped their price target on shares of Intercontinental Exchange from $95.00 to $100.00 in a report on Friday, May 1st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $104.00 price target on shares of Intercontinental Exchange in a report on Friday, May 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Intercontinental Exchange currently has a consensus rating of “Buy” and a consensus price target of $102.21.

Shares of ICE traded up $0.91 on Friday, hitting $93.77. 1,747,467 shares of the stock traded hands, compared to its average volume of 2,658,635. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $50.82 billion, a P/E ratio of 25.01, a P/E/G ratio of 2.54 and a beta of 0.54. Intercontinental Exchange Inc has a 1 year low of $63.51 and a 1 year high of $101.93. The stock’s 50 day moving average is $89.14 and its two-hundred day moving average is $91.10.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.04. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.54 billion. Intercontinental Exchange had a net margin of 29.65% and a return on equity of 13.85%. Intercontinental Exchange’s revenue was up 22.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 earnings per share. Research analysts forecast that Intercontinental Exchange Inc will post 4.49 EPS for the current year.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.

Further Reading: Straddles

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

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