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: 12,920
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
64% more first-time investments, than exits
New positions opened: 182 | Existing positions closed: 111
37% more call options, than puts
Call options by funds: $595M | Put options by funds: $434M
2% more funds holding
Funds holding: 1,573 [Q3] → 1,610 (+37) [Q4]
1.16% more ownership
Funds ownership: 89.15% [Q3] → 90.31% (+1.16%) [Q4]
8% more repeat investments, than reductions
Existing positions increased: 631 | Existing positions reduced: 582
6% less capital invested
Capital invested by funds: $82.2B [Q3] → $77.2B (-$4.99B) [Q4]
19% less funds holding in top 10
Funds holding in top 10: 62 [Q3] → 50 (-12) [Q4]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Barclays Benjamin Budish 63% 1-year accuracy 78 / 124 met price target | 9%upside $189 | Overweight Maintained | 7 Feb 2025 |
Keefe, Bruyette & Woods Kyle Voigt 71% 1-year accuracy 22 / 31 met price target | 8%upside $186 | Outperform Maintained | 7 Feb 2025 |
UBS Alex Kramm 63% 1-year accuracy 10 / 16 met price target | 13%upside $195 | Buy Maintained | 7 Feb 2025 |
JP Morgan Kenneth Worthington 67% 1-year accuracy 22 / 33 met price target | 9%upside $189 | Overweight Maintained | 17 Jan 2025 |
RBC Capital Ashish Sabadra 60% 1-year accuracy 32 / 53 met price target | 16%upside $200 | Outperform Reiterated | 7 Jan 2025 |
Financial journalist opinion
Based on 15 articles about ICE published over the past 30 days









