James Hambro & Partners LLP Reduces Holdings in Intercontinental Exchange Inc. $ICE

James Hambro & Partners LLP lowered its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 7.8% during the fourth quarter, Holdings Channel reports. The firm owned 721,288 shares of the financial services provider’s stock after selling 60,942 shares during the quarter. Intercontinental Exchange makes up about 4.2% of James Hambro & Partners LLP’s portfolio, making the stock its 12th largest holding. James Hambro & Partners LLP’s holdings in Intercontinental Exchange were worth $116,845,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Dynasty Wealth Management LLC purchased a new stake in Intercontinental Exchange in the third quarter valued at approximately $897,000. Rockland Trust Co. grew its position in shares of Intercontinental Exchange by 19.7% during the third quarter. Rockland Trust Co. now owns 127,652 shares of the financial services provider’s stock worth $21,507,000 after acquiring an additional 20,981 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Intercontinental Exchange by 37.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 11,920 shares of the financial services provider’s stock valued at $2,008,000 after acquiring an additional 3,261 shares during the period. Eastern Bank increased its holdings in shares of Intercontinental Exchange by 14.6% in the 3rd quarter. Eastern Bank now owns 203,731 shares of the financial services provider’s stock valued at $34,325,000 after acquiring an additional 25,980 shares during the period. Finally, M&G PLC raised its position in Intercontinental Exchange by 18.4% in the 3rd quarter. M&G PLC now owns 107,070 shares of the financial services provider’s stock valued at $17,988,000 after purchasing an additional 16,635 shares during the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ICE has been the subject of a number of recent research reports. TD Cowen reiterated a “buy” rating on shares of Intercontinental Exchange in a research note on Friday, February 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $180.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Piper Sandler reiterated an “overweight” rating and set a $195.00 target price (down from $202.00) on shares of Intercontinental Exchange in a research note on Wednesday, January 14th. Barclays set a $193.00 price target on Intercontinental Exchange and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, UBS Group reaffirmed a “buy” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Intercontinental Exchange currently has an average rating of “Buy” and a consensus price target of $194.73.

Insider Activity at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 15,213 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $155.02, for a total transaction of $2,358,319.26. Following the completion of the transaction, the chief technology officer directly owned 64,869 shares of the company’s stock, valued at approximately $10,055,992.38. This represents a 19.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Lynn C. Martin sold 13,456 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $153.86, for a total value of $2,070,340.16. Following the completion of the sale, the insider directly owned 54,319 shares of the company’s stock, valued at $8,357,521.34. This represents a 19.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 348,418 shares of company stock worth $54,196,631 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $156.90 on Tuesday. The stock has a market capitalization of $89.10 billion, a P/E ratio of 27.19, a P/E/G ratio of 1.65 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02. Intercontinental Exchange Inc. has a 1 year low of $143.17 and a 1 year high of $189.35. The company’s fifty day moving average is $162.17 and its two-hundred day moving average is $160.75.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 16th. Intercontinental Exchange’s payout ratio is currently 36.05%.

Intercontinental Exchange Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.