James Hambro & Partners LLP Sells 9,182 Shares of Intercontinental Exchange Inc. $ICE

James Hambro & Partners LLP lessened its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 689,312 shares of the financial services provider’s stock after selling 9,182 shares during the period. Intercontinental Exchange accounts for about 3.7% of James Hambro & Partners LLP’s investment portfolio, making the stock its 13th biggest holding. James Hambro & Partners LLP’s holdings in Intercontinental Exchange were worth $104,820,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Intercontinental Exchange in the 2nd quarter worth approximately $6,245,085,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Intercontinental Exchange during the 2nd quarter valued at $714,869,000. Flossbach Von Storch SE acquired a new position in Intercontinental Exchange during the 2nd quarter worth $649,900,000. Bank of America Corp DE acquired a new position in Intercontinental Exchange during the 2nd quarter worth $521,557,000. Finally, Jupiter Topco LLC acquired a new position in Intercontinental Exchange during the 2nd quarter worth $474,012,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Intercontinental Exchange news, insider Christopher Edmonds sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $160.59, for a total value of $802,950.00. Following the completion of the sale, the insider directly owned 14,367 shares of the company’s stock, valued at approximately $2,307,196.53. This represents a 25.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Mayur Kapani sold 4,271 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $151.20, for a total transaction of $645,775.20. Following the transaction, the chief technology officer owned 67,988 shares of the company’s stock, valued at approximately $10,279,785.60. This trade represents a 5.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 41,179 shares of company stock valued at $6,473,715 over the last quarter. Insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

ICE has been the topic of a number of research analyst reports. Weiss Ratings raised Intercontinental Exchange from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Intercontinental Exchange in a report on Wednesday, October 7th. UBS Group reiterated a “buy” rating and issued a $195.00 target price (up from $190.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Piper Sandler reissued an “overweight” rating and set a $195.00 target price (up from $190.00) on shares of Intercontinental Exchange in a research note on Friday, October 2nd. Finally, Bank of America boosted their price target on shares of Intercontinental Exchange from $232.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.31.

Intercontinental Exchange Price Performance

Shares of ICE stock traded down $2.75 during mid-day trading on Monday, hitting $158.81. 940,194 shares of the stock traded hands, compared to its average volume of 3,773,403. Intercontinental Exchange Inc. has a twelve month low of $121.79 and a twelve month high of $176.05. The firm has a market cap of $89.16 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 1.48 and a beta of 0.94. The company’s 50-day simple moving average is $156.49 and its 200-day simple moving average is $150.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.06. The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.81 earnings per share. As a group, equities research analysts expect that Intercontinental Exchange Inc. will post 8.19 earnings per share for the current year.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc (NYSE:ICE) is a global operator of exchanges, clearinghouses, data services and technology platforms. The company owns and operates the New York Stock Exchange and other exchanges serving equity, options, futures and over-the-counter markets. Its marketplaces support trading in areas including energy, agricultural commodities, interest rates, currencies, equity indexes and individual stocks.

ICE also provides clearing and settlement services that help manage counterparty and transaction risk, along with market data, analytics, connectivity and other technology solutions for financial institutions and businesses.