Intercontinental Exchange
About: Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 54% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (22% of net revenue) and fixed-income and data services segment (24% of net revenue).
Employees: 12,937
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
50% more call options, than puts
Call options by funds: $355M | Put options by funds: $236M
27% more first-time investments, than exits
New positions opened: 123 | Existing positions closed: 97
19% more repeat investments, than reductions
Existing positions increased: 608 | Existing positions reduced: 511
2% more funds holding
Funds holding: 1,421 [Q1] → 1,447 (+26) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 43 [Q1] → 43 (+0) [Q2]
3% less capital invested
Capital invested by funds: $72.8B [Q1] → $70.4B (-$2.39B) [Q2]
2.95% less ownership
Funds ownership: 92.64% [Q1] → 89.69% (-2.95%) [Q2]
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
15 analyst ratings
Morgan Stanley Michael Cyprys 67% 1-year accuracy 20 / 30 met price target | 6%upside $174 | Equal-Weight Maintained | 17 Oct 2024 |
Raymond James Patrick O'Shaughnessy 92% 1-year accuracy 22 / 24 met price target | 12%upside $185 | Outperform Downgraded | 14 Oct 2024 |
Piper Sandler Patrick Moley 96% 1-year accuracy 24 / 25 met price target | 9%upside $180 | Overweight Maintained | 8 Oct 2024 |
Barclays Benjamin Budish 91% 1-year accuracy 60 / 66 met price target | 9%upside $179 | Overweight Maintained | 7 Oct 2024 |
Raymond James Patrick O'Shaughnessy 92% 1-year accuracy 22 / 24 met price target | 12%upside $185 | Strong Buy Maintained | 4 Oct 2024 |
Financial journalist opinion
Based on 16 articles about ICE published over the past 30 days