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 Q3 regulatory filings by fund managers ($100M+ AUM)
113% more first-time investments, than exits
New positions opened: 190 | Existing positions closed: 89
44% more funds holding in top 10
Funds holding in top 10: 43 [Q2] → 62 (+19) [Q3]
10% more capital invested
Capital invested by funds: $73.9B [Q2] → $81.4B (+$7.54B) [Q3]
7% more funds holding
Funds holding: 1,450 [Q2] → 1,551 (+101) [Q3]
9% more repeat investments, than reductions
Existing positions increased: 602 | Existing positions reduced: 553
7% less call options, than puts
Call options by funds: $565M | Put options by funds: $607M
5.76% less ownership
Funds ownership: 94.1% [Q2] → 88.34% (-5.76%) [Q3]
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
Deutsche Bank Brian Bedell 67% 1-year accuracy 6 / 9 met price target | 3%upside $163 | Hold Maintained | 11 Nov 2024 |
Barclays Benjamin Budish 0 / 0 met price target | 9%upside $173 | Overweight Maintained | 1 Nov 2024 |
Deutsche Bank Brian Bedell 67% 1-year accuracy 6 / 9 met price target | 1%upside $160 | Hold Maintained | 1 Nov 2024 |
RBC Capital Ashish Sabadra 88% 1-year accuracy 14 / 16 met price target | 26%upside $200 | Outperform Reiterated | 1 Nov 2024 |
JP Morgan Ken Worthington 0 / 0 met price target | 19%upside $188 | Overweight Maintained | 23 Oct 2024 |
Financial journalist opinion
Based on 34 articles about ICE published over the past 30 days