Intercontinental Exchange Inc. $ICE Shares Sold by James Hambro & Partners LLP

James Hambro & Partners LLP lowered its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 7.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 721,288 shares of the financial services provider’s stock after selling 60,942 shares during the period. Intercontinental Exchange makes up approximately 4.2% of James Hambro & Partners LLP’s investment portfolio, making the stock its 12th largest position. James Hambro & Partners LLP owned 0.13% of Intercontinental Exchange worth $116,845,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Dynasty Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at $897,000. Rockland Trust Co. boosted its holdings in Intercontinental Exchange by 19.7% during the 3rd quarter. Rockland Trust Co. now owns 127,652 shares of the financial services provider’s stock valued at $21,507,000 after acquiring an additional 20,981 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in Intercontinental Exchange by 37.7% during 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 grew its position in 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 in the last quarter. Finally, M&G PLC grew 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 acquiring an additional 16,635 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Transactions at Intercontinental Exchange

In other news, insider Lynn C. Martin sold 13,456 shares of the business’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 transaction of $2,070,340.16. Following the completion of the sale, the insider owned 54,319 shares in the company, valued at approximately $8,357,521.34. The trade was a 19.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher Scott Edmonds sold 11,303 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $153.82, for a total transaction of $1,738,627.46. Following the completion of the transaction, the insider owned 14,266 shares of the company’s stock, valued at approximately $2,194,396.12. The trade was a 44.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 348,418 shares of company stock valued at $54,196,631 over the last three months. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ICE. TD Cowen reissued a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. Raymond James Financial restated a “strong-buy” rating and issued a $211.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 6th. UBS Group reaffirmed a “buy” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Monday, February 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercontinental Exchange in a report on Monday, December 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $180.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Intercontinental Exchange has a consensus rating of “Buy” and an average target price of $194.73.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $156.90 on Tuesday. Intercontinental Exchange Inc. has a 12 month low of $143.17 and a 12 month high of $189.35. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $89.10 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.65 and a beta of 1.04. The business’s fifty day moving average price is $162.17 and its 200 day moving average price is $160.75.

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

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors 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 dividend payout ratio is 36.05%.

About Intercontinental Exchange

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.