James Hambro & Partners LLP Grows Position in Intercontinental Exchange Inc. $ICE

Key Points

• James Hambro & Partners LLP increased its stake in Intercontinental Exchange Inc. by 2.9%, now owning 792,472 shares worth approximately $145.3 million, making ICE the 7th largest position in their portfolio.
• The stock has received multiple upgraded ratings from firms like UBS and JPMorgan, with price targets now ranging from $203.00 to $212.00, indicating strong analyst sentiment.
• Insiders have sold a total of 231,669 shares of Intercontinental Exchange within the last three months, representing significant trading activity among company executives.

James Hambro & Partners LLP grew its position in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 2.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 792,472 shares of the financial services provider's stock after buying an additional 22,085 shares during the period. Intercontinental Exchange accounts for about 5.7% of James Hambro & Partners LLP's portfolio, making the stock its 7th largest position. James Hambro & Partners LLP owned approximately 0.14% of Intercontinental Exchange worth $145,351,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ICE. RB Capital Management LLC raised its position in Intercontinental Exchange by 1.3% in the second quarter. RB Capital Management LLC now owns 4,584 shares of the financial services provider's stock worth $841,000 after acquiring an additional 59 shares in the last quarter. Chemistry Wealth Management LLC increased its position in shares of Intercontinental Exchange by 0.8% in the second quarter. Chemistry Wealth Management LLC now owns 7,847 shares of the financial services provider's stock valued at $1,440,000 after buying an additional 60 shares in the last quarter. Fielder Capital Group LLC increased its position in shares of Intercontinental Exchange by 2.2% in the first quarter. Fielder Capital Group LLC now owns 2,808 shares of the financial services provider's stock valued at $484,000 after buying an additional 61 shares in the last quarter. E Fund Management Co. Ltd. increased its position in Intercontinental Exchange by 4.2% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,500 shares of the financial services provider's stock worth $259,000 after purchasing an additional 61 shares in the last quarter. Finally, Berkeley Capital Partners LLC increased its position in Intercontinental Exchange by 1.1% during the 1st quarter. Berkeley Capital Partners LLC now owns 5,639 shares of the financial services provider's stock worth $973,000 after purchasing an additional 62 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 3,850 shares of Intercontinental Exchange stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $178.33, for a total value of $686,570.50. Following the completion of the transaction, the general counsel owned 46,293 shares in the company, valued at approximately $8,255,430.69. The trade was a 7.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Duriya M. Farooqui sold 2,036 shares of Intercontinental Exchange stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $178.34, for a total value of $363,100.24. Following the completion of the sale, the director directly owned 14,299 shares of the company's stock, valued at $2,550,083.66. This trade represents a 12.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 231,669 shares of company stock worth $42,333,438 over the last three months. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have commented on ICE. UBS Group lifted their price target on Intercontinental Exchange from $195.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. raised their target price on Intercontinental Exchange from $195.00 to $203.00 and gave the company an "overweight" rating in a report on Thursday. Piper Sandler lifted their price objective on Intercontinental Exchange from $180.00 to $202.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, Barclays upped their price objective on Intercontinental Exchange from $206.00 to $212.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Intercontinental Exchange has an average rating of "Moderate Buy" and a consensus price target of $197.36.

Intercontinental Exchange Stock Performance

ICE opened at $167.69 on Friday. The stock's 50 day moving average price is $178.30 and its two-hundred day moving average price is $174.94. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. Intercontinental Exchange Inc. has a 12-month low of $142.29 and a 12-month high of $189.35. The firm has a market capitalization of $95.99 billion, a P/E ratio of 32.19, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.77 by $0.04. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company earned $1.52 EPS. The company's quarterly revenue was up 9.8% on a year-over-year basis. On average, equities analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

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.

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