Intercontinental Exchange Inc. $ICE Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 6.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,737 shares of the financial services provider’s stock after buying an additional 6,559 shares during the period. Daiwa Securities Group Inc.’s holdings in Intercontinental Exchange were worth $19,215,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ICE. Norges Bank bought a new position in Intercontinental Exchange during the second quarter worth $1,542,780,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Intercontinental Exchange by 491.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,433,497 shares of the financial services provider’s stock worth $1,109,780,000 after purchasing an additional 5,345,388 shares during the period. Wellington Management Group LLP raised its holdings in shares of Intercontinental Exchange by 113.9% during the first quarter. Wellington Management Group LLP now owns 5,943,363 shares of the financial services provider’s stock worth $1,025,230,000 after purchasing an additional 3,165,381 shares during the period. Sands Capital Management LLC lifted its position in shares of Intercontinental Exchange by 97.3% in the 2nd quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider’s stock worth $974,783,000 after buying an additional 2,620,310 shares during the last quarter. Finally, C WorldWide Group Holding A S boosted its holdings in shares of Intercontinental Exchange by 29,199.5% in the 2nd quarter. C WorldWide Group Holding A S now owns 1,652,201 shares of the financial services provider’s stock valued at $303,129,000 after buying an additional 1,646,562 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Trading Up 0.7%

Shares of ICE stock opened at $158.17 on Wednesday. Intercontinental Exchange Inc. has a 1 year low of $142.29 and a 1 year high of $189.35. The firm has a market capitalization of $90.19 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 2.38 and a beta of 1.04. The stock has a fifty day moving average of $154.97 and a two-hundred day moving average of $170.43. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.71. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.55 earnings per share. As a group, research analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. UBS Group dropped their price objective on shares of Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Raymond James Financial raised Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 target price for the company in a report on Monday, October 13th. TD Cowen cut their price target on Intercontinental Exchange from $199.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Morgan Stanley reduced their price objective on Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. Finally, JPMorgan Chase & Co. dropped their target price on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $194.70.

Insider Activity at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 10,082 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $158.88, for a total transaction of $1,601,828.16. Following the sale, the chief technology officer owned 65,240 shares of the company’s stock, valued at $10,365,331.20. The trade was a 13.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judith A. Sprieser sold 3,700 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $157.96, for a total value of $584,452.00. Following the transaction, the director directly owned 14,469 shares of the company’s stock, valued at approximately $2,285,523.24. The trade was a 20.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 171,744 shares of company stock worth $26,416,547 in the last three months. Insiders own 1.00% 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.