Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by James Hambro & Partners LLP

James Hambro & Partners LLP raised its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 6.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 725,075 shares of the financial services provider's stock after acquiring an additional 42,689 shares during the period. Intercontinental Exchange accounts for approximately 4.9% of James Hambro & Partners LLP's portfolio, making the stock its 11th largest position. James Hambro & Partners LLP owned approximately 0.13% of Intercontinental Exchange worth $116,480,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Arlington Partners LLC boosted its stake in Intercontinental Exchange by 13.2% in the third quarter. Arlington Partners LLC now owns 26,525 shares of the financial services provider's stock valued at $4,261,000 after acquiring an additional 3,087 shares in the last quarter. Corundum Group Inc. boosted its stake in shares of Intercontinental Exchange by 7.8% during the third quarter. Corundum Group Inc. now owns 1,858 shares of the financial services provider's stock worth $298,000 after buying an additional 134 shares during the period. Brown Lisle Cummings Inc. boosted its stake in shares of Intercontinental Exchange by 5.0% during the third quarter. Brown Lisle Cummings Inc. now owns 59,900 shares of the financial services provider's stock worth $9,622,000 after buying an additional 2,850 shares during the period. Rede Wealth LLC acquired a new stake in shares of Intercontinental Exchange during the third quarter worth about $219,000. Finally, Cyndeo Wealth Partners LLC acquired a new stake in shares of Intercontinental Exchange during the third quarter worth about $266,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Insider Activity

In other news, CFO Warren Gardiner sold 750 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $161.43, for a total value of $121,072.50. Following the sale, the chief financial officer now directly owns 16,576 shares in the company, valued at $2,675,863.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO James W. Namkung sold 1,043 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total value of $156,450.00. Following the sale, the chief accounting officer now directly owns 17,836 shares in the company, valued at $2,675,400. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Warren Gardiner sold 750 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $161.43, for a total transaction of $121,072.50. Following the completion of the sale, the chief financial officer now owns 16,576 shares in the company, valued at $2,675,863.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,532 shares of company stock worth $1,358,709 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ICE has been the subject of several recent research reports. Raymond James downgraded shares of Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 target price for the company. in a research note on Monday, October 14th. Morgan Stanley increased their target price on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an "equal weight" rating in a research note on Thursday. Citigroup increased their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a "buy" rating in a research note on Tuesday, July 9th. TD Cowen initiated coverage on shares of Intercontinental Exchange in a research note on Thursday, September 26th. They set a "buy" rating and a $182.00 target price for the company. Finally, Barclays increased their price target on shares of Intercontinental Exchange from $167.00 to $179.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $172.80.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock traded down $0.46 during mid-day trading on Monday, reaching $166.37. The company had a trading volume of 2,354,277 shares, compared to its average volume of 2,482,069. Intercontinental Exchange, Inc. has a 1 year low of $104.49 and a 1 year high of $167.23. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $95.43 billion, a P/E ratio of 38.16, a P/E/G ratio of 2.62 and a beta of 1.08. The stock's 50-day simple moving average is $160.80 and its 200-day simple moving average is $146.53.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The company had revenue of $2.32 billion during the quarter, compared to analysts' expectations of $2.31 billion. During the same period last year, the company posted $1.43 earnings per share. The firm's quarterly revenue was up 22.7% compared to the same quarter last year. On average, equities analysts predict that Intercontinental Exchange, Inc. will post 6.08 EPS 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.