Intercontinental Exchange, Inc. (NYSE:ICE) is James Hambro & Partners LLP's 7th Largest Position

James Hambro & Partners LLP grew its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 770,387 shares of the financial services provider's stock after purchasing an additional 12,350 shares during the quarter. Intercontinental Exchange makes up 5.5% of James Hambro & Partners LLP's investment portfolio, making the stock its 7th largest position. James Hambro & Partners LLP owned approximately 0.13% of Intercontinental Exchange worth $132,934,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ICE. Vanguard Group Inc. raised its stake in Intercontinental Exchange by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 52,228,177 shares of the financial services provider's stock valued at $7,782,521,000 after buying an additional 538,670 shares in the last quarter. Geode Capital Management LLC raised its stake in Intercontinental Exchange by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 11,883,252 shares of the financial services provider's stock valued at $1,765,317,000 after buying an additional 327,637 shares in the last quarter. Royal Bank of Canada raised its stake in Intercontinental Exchange by 132.9% in the fourth quarter. Royal Bank of Canada now owns 9,121,352 shares of the financial services provider's stock valued at $1,359,173,000 after buying an additional 5,204,309 shares in the last quarter. Norges Bank acquired a new stake in Intercontinental Exchange in the fourth quarter valued at $1,196,258,000. Finally, Northern Trust Corp raised its stake in Intercontinental Exchange by 9.7% in the fourth quarter. Northern Trust Corp now owns 7,422,007 shares of the financial services provider's stock valued at $1,105,953,000 after buying an additional 655,247 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ICE shares. Morgan Stanley raised their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Bank of America cut their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their price target on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Finally, Barclays raised their price target on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $188.46.

Insider Buying and Selling

In related news, SVP Douglas Foley sold 1,600 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $177.48, for a total transaction of $283,968.00. Following the transaction, the senior vice president now owns 27,313 shares of the company's stock, valued at $4,847,511.24. This trade represents a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Martha A. Tirinnanzi sold 397 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $177.11, for a total value of $70,312.67. Following the transaction, the director now owns 4,526 shares in the company, valued at $801,599.86. The trade was a 8.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 227,954 shares of company stock valued at $40,796,663 over the last quarter. 1.00% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE traded down $0.78 during midday trading on Friday, reaching $178.30. 2,500,290 shares of the company were exchanged, compared to its average volume of 3,020,161. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 1 year low of $133.97 and a 1 year high of $180.89. The stock has a fifty day simple moving average of $170.32 and a 200 day simple moving average of $164.06. The stock has a market cap of $102.28 billion, a P/E ratio of 37.30, a PEG ratio of 2.10 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the company posted $1.48 earnings per share. The business's revenue was up 8.0% on a year-over-year basis. On average, research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.08%. Intercontinental Exchange's dividend payout ratio is currently 39.75%.

Intercontinental Exchange Profile

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.