James Hambro & Partners LLP Has $131.76 Million Stock Holdings in Intercontinental Exchange Inc. $ICE

James Hambro & Partners LLP lessened its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 1.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 782,230 shares of the financial services provider’s stock after selling 10,242 shares during the period. Intercontinental Exchange comprises about 4.7% of James Hambro & Partners LLP’s investment portfolio, making the stock its 7th largest position. James Hambro & Partners LLP’s holdings in Intercontinental Exchange were worth $131,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Princeton Global Asset Management LLC acquired a new position in shares of Intercontinental Exchange in the second quarter worth approximately $28,000. Westside Investment Management Inc. bought a new position in Intercontinental Exchange during the 2nd quarter worth approximately $29,000. Activest Wealth Management lifted its position in shares of Intercontinental Exchange by 4,050.0% in the 1st quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 162 shares during the period. Hilltop National Bank acquired a new position in shares of Intercontinental Exchange in the 2nd quarter worth approximately $31,000. Finally, Knuff & Co LLC boosted its stake in shares of Intercontinental Exchange by 73.3% in the 2nd quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 74 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Price Performance

ICE stock opened at $161.91 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. The company’s 50-day moving average is $155.22 and its 200-day moving average is $169.20. The stock has a market capitalization of $92.32 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 2.28 and a beta of 1.05. Intercontinental Exchange Inc. has a 1 year low of $142.29 and a 1 year high of $189.35.

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

Insider Activity

In other news, CFO Warren Gardiner sold 1,572 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $153.65, for a total transaction of $241,537.80. Following the transaction, the chief financial officer directly owned 20,534 shares of the company’s stock, valued at $3,155,049.10. This represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $153.08, for a total value of $22,962,000.00. Following the completion of the transaction, the chief executive officer owned 1,801,705 shares in the company, valued at approximately $275,805,001.40. This represents a 7.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 176,150 shares of company stock valued at $27,072,531. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

ICE has been the subject of a number of analyst reports. Raymond James Financial raised shares of Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 target price for the company in a research note on Monday, October 13th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Morgan Stanley reissued a “positive” rating and issued a $174.00 price objective (up from $169.00) on shares of Intercontinental Exchange in a research note on Monday. Keefe, Bruyette & Woods upgraded Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. decreased their target price on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $194.30.

Intercontinental Exchange Company 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.