Intercontinental Exchange Bolsa (NYSE: ICE)

Últimas noticias sobre Intercontinental Exchange (NYSE:ICE) Bolsa

Intercontinental Exchange

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).

Intercontinental Exchange Inc. Common Stock

Intercontinental Exchange Inc

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Editor&#8217;s note: This story has been updated with additional comment from a Charles Schwab executive. 
Charles Schwab Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) announced a significant expansion Wednesday of its 24-hour<a href="https://www.benzinga.com/pressreleases/24/10/b41623358/schwab-to-significantly-expand-its-24-hour-trading-capabilities-to-include-the-stocks-in-the-s-p-5"> trading capabilities. </a>
The Details: Schwab announced it will expand its 24-hour trading to include all of the stocks listed in the S&amp;P 500, Nasdaq-100 and hundreds of exchange-traded funds. The rollout will begin with a pilot group of clients in November and expand to full client access in 2025.
Schwab's clients currently have access to approximately two dozen ETFs in the overnight trading session, with expanded access coming to all clients in 2025. 
Read Next: <a href="https://www.benzinga.com/news/24/10/41489239/bank-of-america-ceo-cautions-fed-not-to-go-too-fast-or-too-slow-on-interest-rate-cuts">Bank Of America CEO Cautions Fed Not To &#8216;Go Too Fast Or Too Slow&#8217; On Interest Rate Cuts</a>
&#8220;More than six years after Ameritrade was the first U.S. retail broker-dealer to launch 24/5 trading on the thinkorswim platforms, we&#8217;re proud to see how the overnight market has evolved,&#8221; said James Kostulias, managing director and head of Trading Services at Charles Schwab. 
&#8220;Our goal has always been to offer and expand access to 24/5 trading in a responsible way that takes into account client demand, the evolving dynamics of the overnight trading market, and – importantly – providing clients with the full library of Schwab&#8217;s educational content and 24-hour support to help them balance the opportunities and risks, as well as the unique considerations of overnight trading,&#8221; Kostulias added. 
Schwab has seen growing customer demand for overnight trades, Kostulias said in an emailed statement to Benzinga, adding that almost 90% of active trader Schwab clients it surveyed want to access markets outside of standard hours. 
&#8220;In particular, many younger investors want frictionless opportunities to trade on real-time data and respond to market volatility, and we also see opportunity among our international client base,&#8221; he said. 
Schwab's move comes on the heels of an announcement from Intercontinental Exchange, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) that it will <a href="https://www.benzinga.com/markets/equities/24/10/41561907/nyse-to-extend-arca-exchange-trading-to-22-hours-per-day">expand trading</a> on the NYSE Arca equities exchange to 22 hours a day. Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) offers 24 hour trading of more than 1,000 tickers and recently announced<a href="https://www.benzinga.com/fintech/24/10/41371235/robinhood-announces-futures-trading-index-options-trading"> the launch </a>of futures trading and index options trading in a major expansion of its offerings. 
More Features: Schwab also highlighted some of its recently added features including analyst reports, new options chain settings and expanded charts and orders settings to its platforms. 
SCHW Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Charles Schwab shares are up 0.02% at $71.91 at the time of publication Wednesday.
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Image: Shutterstock&nbsp;

Fintech news covering the emerging Financial Technology services sector

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Schwab Expands 24 Hour Trading To Include All Stocks In S&P 500, Nasdaq 100, Hundreds Of ETFs (UPDATED)

The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), announced on Friday plans to extend weekday trading on its NYSE Arca equities <a href="https://www.benzinga.com/pressreleases/24/10/b41541551/the-new-york-stock-exchange-plans-to-extend-weekday-trading-on-its-nyse-arca-equities-exchange-to-">exchange to 22 hours a day</a>.
The Details: The extended trading is subject to regulatory approval and would take place from 1:30 a.m. to 11:30 p.m. ET on all weekdays, excluding holidays.&nbsp; The NYSE said it will also seek support for extended trading from the U.S. securities information processors.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/10/41546663/fridays-top-5-trending-stocks-whats-the-scoop-on-tesla-sofi-joby">Friday&#8217;s Top 5 Trending Stocks: What&#8217;s The Scoop On Tesla, SoFi, Joby?</a>
"The NYSE's initiative to extend U.S. equity trading to 22 hours a day, 5 days a week underscores the strength of our U.S. capital markets and growing demand for our listed securities around the world," said Kevin Tyrrell, Head of Markets, New York Stock Exchange.&nbsp;
"As the steward of the U.S. capital markets, the NYSE is pleased to lead the way in enabling exchange-based trading for our U.S.-listed companies and funds to investors in time zones across the globe," Tyrrell added.&nbsp;
Why It Matters: NYSE's Arca exchange is the world&#8217;s leading exchange-traded fund (ETF) exchange in terms of volume and listings, listing 62.9% of the total ETFs in the United States. The Arca exchange currently operates from 4 a.m. to 8 p.m. ET.&nbsp;
Online brokerage firm, Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) <a href="https://www.benzinga.com/fintech/23/09/34437131/how-robinhoods-mobile-first-24-5-trading-cycle-is-helping-redefine-trading-by-letting-traders-manage">began offering</a> 24 hour trading of select stocks and ETFs in 2023, using Blue Ocean Alternative Trading Systems (BOATS) to execute overnight trading orders. Around-the-clock trading has become one of the firm's most popular features, according to the company, which <a href="https://robinhood.com/us/en/support/articles/24hour-market/">now offers</a> 226 stocks and ETFs for 24 hour trading.&nbsp;
ICE Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Intercontinental Exchange shares ended Friday&#8217;s session down 0.95% at $165.31. 
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Image: Shutterstock&nbsp;

Equities

Markets

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NYSE To Extend Arca Exchange Trading To 22 Hours Per Day

New York Stock Exchange Plans To Extend Weekday Trading On Its NYSE Arca Equities Exchange To 22 Hours A Day; Extended-hours Trades To Be Cleared By DTCC

Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) has outperformed the market over the past 15 years by 2.78% on an annualized basis producing an average annual return of 14.69%. Currently, Intercontinental Exchange has a market capitalization of $94.98 billion. 
Buying $1000 In ICE: If an investor had bought $1000 of ICE stock 15 years ago, it would be worth $8,188.55 today based on a price of $165.43 for ICE at the time of writing.
<h3>Intercontinental Exchange's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729711816_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

$1000 Invested In Intercontinental Exchange 15 Years Ago Would Be Worth This Much Today

JP Morgan analyst Ken Worthington maintains Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Overweight and raises the price target from $171 to $188.

Price Target

Analyst Ratings

JP Morgan Maintains Overweight on Intercontinental Exchange, Raises Price Target to $188

Intercontinental Exchange Announced Record Activity Across Its Interest Rate Derivatives Markets With Over 190 Million Contracts Traded In Q3 2024, Surpassing The Previous Record Set In Q1 2020

Morgan Stanley analyst Michael Cyprys maintains Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Equal-Weight and raises the price target from $160 to $174.

Morgan Stanley Maintains Equal-Weight on Intercontinental Exchange, Raises Price Target to $174

Raymond James analyst Patrick O'Shaughnessy downgrades Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) from Strong Buy to Outperform and maintains the price target from $185 to $185.

Downgrades

Raymond James Downgrades Intercontinental Exchange to Outperform, Maintains Price Target to $185

Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) has outperformed the market over the past 10 years by 2.81% on an annualized basis producing an average annual return of 14.75%. Currently, Intercontinental Exchange has a market capitalization of $92.24 billion. 
Buying $100 In ICE: If an investor had bought $100 of ICE stock 10 years ago, it would be worth $399.49 today based on a price of $160.65 for ICE at the time of writing.
<h3>Intercontinental Exchange's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728592217_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Intercontinental Exchange 10 Years Ago Would Be Worth Today

Piper Sandler analyst Patrick Moley maintains Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Overweight and raises the price target from $170 to $180.

Piper Sandler Maintains Overweight on Intercontinental Exchange, Raises Price Target to $180

High-rolling investors have positioned themselves bearish on Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ICE often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Intercontinental Exchange. This is not a typical pattern.
The sentiment among these major traders is split, with 25% bullish and 62% bearish. Among all the options we identified, there was one put, amounting to $47,530, and 7 calls, totaling $781,594.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $145.0 to $180.0 for Intercontinental Exchange during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Intercontinental Exchange stands at 757.86, with a total volume reaching 2,252.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Intercontinental Exchange, situated within the strike price corridor from $145.0 to $180.0, throughout the last 30 days.
<h3>Intercontinental Exchange Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728329434_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ICE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$7.3</td>
<td>$7.1</td>
<td>$7.1</td>
<td>$160.00</td>
<td>$335.1K</td>
<td>3.5K</td>
<td style="text-align: right;">510</td>
</tr>
<tr>
<td>ICE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$4.1</td>
<td>$4.0</td>
<td>$4.1</td>
<td>$180.00</td>
<td>$164.8K</td>
<td>153</td>
<td style="text-align: right;">329</td>
</tr>
<tr>
<td>ICE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.4</td>
<td>$3.2</td>
<td>$3.4</td>
<td>$170.00</td>
<td>$113.2K</td>
<td>268</td>
<td style="text-align: right;">361</td>
</tr>
<tr>
<td>ICE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.9</td>
<td>$5.6</td>
<td>$5.7</td>
<td>$165.00</td>
<td>$53.5K</td>
<td>721</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ICE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$4.4</td>
<td>$4.1</td>
<td>$4.4</td>
<td>$145.00</td>
<td>$47.5K</td>
<td>140</td>
<td style="text-align: right;">803</td>
</tr>
</tbody>
</table>

<h3>About Intercontinental Exchange</h3>
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).
After a thorough review of the options trading surrounding Intercontinental Exchange, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Intercontinental Exchange</h3>
<ul>
<li>With a trading volume of 1,347,869, the price of ICE is down by -1.97%, reaching $159.56.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 24 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Intercontinental Exchange</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $187.8.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Intercontinental Exchange with a target price of $175. 
&#x2A; Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $200. 
&#x2A; An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $200. 
&#x2A; Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Intercontinental Exchange, targeting a price of $185. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on Intercontinental Exchange, which currently sits at a price target of $179. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Intercontinental Exchange with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Check Out What Whales Are Doing With ICE

Barclays analyst Benjamin Budish maintains Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Overweight and raises the price target from $167 to $179.

Barclays Maintains Overweight on Intercontinental Exchange, Raises Price Target to $179

Raymond James analyst Patrick O'Shaughnessy maintains Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Strong Buy and raises the price target from $174 to $185.

Raymond James Maintains Strong Buy on Intercontinental Exchange, Raises Price Target to $185

RBC Capital analyst Ashish Sabadra reiterates Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Outperform and maintains $200 price target.

Reiteration

RBC Capital Reiterates Outperform on Intercontinental Exchange, Maintains $200 Price Target

B of A Securities analyst Craig Siegenthaler maintains Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Buy and raises the price target from $168 to $175.

B of A Securities Maintains Buy on Intercontinental Exchange, Raises Price Target to $175

Goldman Sachs analyst Alexander Blostein maintains Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Buy and raises the price target from $171 to $185.

Goldman Sachs Maintains Buy on Intercontinental Exchange, Raises Price Target to $185

Note: This story has been updated to correct the spelling of The Information.
In July, Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) reportedly witnessed a surge in subscription cancellations after co-founder Reed Hastings announced that he is supporting Democratic nominee Kamala Harris.
On Sunday, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX CEO Elon Musk highlighted this news, highlighting the alleged political donation bias among Netflix employees.
What Happened: Over the weekend, Bloomberg columnist Lucas Shaw <a href="https://www.bloomberg.com/news/newsletters/2024-09-29/netflix-nflx-users-cancel-after-reed-hastings-donates-to-kamala-harris">cited</a> researcher Antenna stating that Netflix&#8217;s cancellation rate nearly tripled in the U.S. after Hastings publicly endorsed Harris.
The Netflix co-founder <a href="https://www.theinformation.com/articles/reed-hastings-backs-pro-kamala-harris-pac-with-7-million-donation">revealed</a> to The Information a $7 million donation to a pro-Harris super PAC.
Following this announcement, several Netflix subscribers who were also Trump supporters initiated a #CancelNetflix campaign, resulting in the worst single day for Netflix cancellations this year.
See Also: <a href="https://www.benzinga.com/news/24/09/41082363/heres-how-elon-musk-has-become-a-pro-trump-political-influencer-through-social-media">Here&#8217;s How Elon Musk Has Become A Pro-Trump Political Influencer Through Social Media</a>
Musk shared the news on X, formerly Twitter, and shared an image showing employee donations in 2024.
The image cited Quiver Quantitative as the source of numbers indicating that 100% of donations from Netflix employees favored the Democratic Party.
While sharing the image, Musk said, "Donations by Netflix employees could not be more lopsided in favor of the Democratic Party (~100%)."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Donations by Netflix employees could not be more lopsided in favor of the Democratic Party (~100%) <a href="https://t.co/JGZPcB8i7o">https://t.co/JGZPcB8i7o</a> <a href="https://t.co/zz0WNbghpi">pic.twitter.com/zz0WNbghpi</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1840555072461103295?ref_src=twsrc%5Etfw">September 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
According to the Quiver website, 99.94% of the total PAC contribution by Netflix goes to Democrats.
Interestingly, the image shared by Musk also showed employees of Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), donating 100% of the amount to only one party, but in their case, it was the Republicans.
As per the Quiver website, 99.36% of the PAC donation by ICE goes to Republicans and 0.64% to Democrats.
Why It Matters: Earlier this month, it was reported that in August Musk made his <a href="https://www.benzinga.com/news/24/09/40969728/elon-musk-boosts-house-republicans-with-record-289-100-donation">largest-known donation</a>, $289,100 to boost House Republicans' efforts.
In July also it was reported that the tech mogul, who is currently the wealthiest person on Earth with a net worth of $272 billion, <a href="https://www.benzinga.com/general/politics/24/07/39760652/biden-vs-trump-elon-musk-reportedly-donates-sizable-amount-to-ex-presidents-campaign-expert-call">donated to a super PAC</a> supporting Republican nominee Trump.
However, as per reports, despite Musk's support for Trump, <a href="https://www.benzinga.com/24/09/40935662/while-elon-musk-backs-trump-for-the-white-house-his-teams-at-tesla-x-and-spacex-are-supporting-kamal">employees at his companies</a> including Tesla, X, and SpaceX back Harris.
Two Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) co-founders Peter Thiel and Joe Lonsdale have also <a href="https://www.benzinga.com/general/politics/24/06/39557155/palantir-co-founders-thiel-lonsdale-back-trump-in-2024-election-id-rather-have-him-than-biden">publicly announced</a> their support for Trump, but the former has made it clear that he <a href="https://www.benzinga.com/news/24/09/40890158/palantir-co-founder-peter-thiel-didnt-write-a-check-to-trump-and-doesnt-think-2024-will-be-close-kam">won't be donating</a> any money during this year's election.
According to the Quiver site, Palantir PAC contributions are divided in 68.28% and 31.72% ratio, with the larger part going to Republicans.
Previously, it was reported that <a href="https://www.benzinga.com/news/24/09/40890158/palantir-co-founder-peter-thiel-didnt-write-a-check-to-trump-and-doesnt-think-2024-will-be-close-kam">Harris had surpassed Trump</a> in the race for campaign funds.
Image via Shutterstock
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Elon Musk Targets 'Lopsided' Anti-Trump Donations By Netflix Employees As Cancellations Soared After Co-Founder Reed Hastings Donated To Kamala Harris (CORRECTED)

RBC Capital Markets analyst Ashish Sabadra initiated coverage on Intercontinental Exchange Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) at an Outperform rating and <a target="_blank" href="https://www.benzinga.com/quote/ICE/analyst-ratings" rel="noreferrer noopener">a price target of $200</a>.
The analyst writes that Mortgage technology is poised for double-digit growth, driven by synergies from the BKI acquisition and a recovering market.
The analyst adds that ICE Bonds are expected to benefit from digitization, while ICE Indices will gain from the shift to passive fixed-income investing.
Sabadra says that the business model is recession-resilient, capitalizing on increased volatility and strong franchises in mortgage origination and servicing, energy benchmarks, the NYSE, and fixed-income indices.
The analyst says that ICE should see mid-single to high-single-digit (MSD-HSD) revenue growth from this sector, supported by strong sales momentum and an expanding implementation pipeline. In addition, opportunities to upsell and cross-sell to the fixed income customer base are anticipated.
In the energy sector, ICE is projected to sustain solid double-digit revenue growth. Increased volatility from macroeconomic, geopolitical, and regulatory uncertainties is expected to drive higher demand for hedging. The shift towards passive fixed income investing should similarly benefit ICE Indices, with the strong franchise likely to support accelerated growth.
Regarding cost synergies and operating leverage, ICE forecasts approximately $200 million from BKI cost synergies by the fifth year post-acquisition. This, coupled with ongoing deleveraging and dividends yielding over 1%, is predicted to generate low teens-plus Total Shareholder Return (TSR) annually.
On a strategic level, ICE plans to use its substantial Free Cash Flow (FCF) primarily for debt reduction in the coming quarters, aiming to lower its leverage ratio to around 3.0x. This is part of a broader strategy to optimize its balance sheet while maintaining the capacity for shareholder returns and strategic acquisitions.
ICE&#8217;s diverse revenue streams, strategic positioning within key financial markets, and technological capabilities in mortgage and data services underpin its robust competitive stance. The company&#8217;s focus on enhancing operational efficiencies and expanding its product offerings through acquisitions like BKI positions it well for future growth and profitability.
Investors can gain exposure to the stock via&nbsp;the Listed Funds Trust Horizon Kinetics Blockchain Development ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCDF#NYSE">BCDF</a>) and the Tema ETF Trust Tema Monopolies and Oligopolies ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/TOLL#BATS">TOLL</a>).
Price Action: ICE shares are up 0.46% at $158.85 at the last check Friday.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40693687/cme-group-downgraded-analyst-sees-cutthroat-competition-from-bgc-group-cboe-global-" target="_blank" rel="noreferrer noopener">CME Group Downgraded: Analyst Sees Cutthroat Competition From BGC Group, Cboe Global &amp; Intercontinental Exchange</a></li>
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Analyst Color

Large Cap

Initiation

Tech

Listed Funds Trust Horizon Kinetics Blockchain Development ETF

BCDF

TOLL

ICE's Resilient Business Model and Technological Advancements Drive an Outperform Rating - Here's Why

RBC Capital analyst Ashish Sabadra initiates coverage on Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Outperform rating and announces Price Target of $200.

RBC Capital Initiates Coverage On Intercontinental Exchange with Outperform Rating, Announces Price Target of $200

TD Cowen analyst Bill Katz initiates coverage on Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Buy rating and announces Price Target of $182.

TD Cowen Initiates Coverage On Intercontinental Exchange with Buy Rating, Announces Price Target of $182

In a report released today, Ken Worthington from J.P. Morgan maintained a Buy rating on Intercontinental Exchange (ICE – Research Report), with a p...

Intercontinental Exchange (ICE) Gets a Buy from J.P. Morgan

Intercontinental Exchange records record trading activity across its interest rate markets

Earlier on Wednesday, Intercontinental Exchange or ICE, announced record activity across its interest rate derivatives markets with over 190M contr...

ICE reports over 190M contracts of interest rate derivatives traded in Q3

Intercontinental Exchange (ICE) and Dun & Bradstreet Holdings (DNB) announced plans to launch a new climate risk data offering for privately-held c...

ICE &Dun & Bradstreet  to launch climate data and analytics for business firms

NYSE plans to extend weekday trading on Arca to 22 hours

Intercontinental Exchange ($ICE), the parent company of the New York Stock Exchange (NYSE), has announced that it is extending trading to 22 hours ...

New York Stock Exchange (NYSE:ICE) Extends Trading to 22 Hours a Day

Oakmark U.S. Concentrated Strategy Q3 2024 Commentary

Parnassus Core Equity Fund Q3 2024 Commentary

Intercontinental Exchange Q3 2024 Earnings Preview

Here's the major earnings before the open tomorrow

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Press Releases

Intercontinental Exchange Reports September and Third Quarter 2024 Statistics

ICE Mortgage Monitor: Average Payment Hits All-Time High; Spiking Insurance Costs Rising at 3X the Rate of Principal, Interest, and Taxes

ICE Introduces Multi-Asset Class Climate Transition Risk Solution

ICE Reports Record Trading Activity Across Total Futures and Options with Record Volumes Across Global Energy Markets

ICE Reaches Record Open Interest Across Global Energy Benchmark Brent Crude Futures and Options

ICE Interest Rate Markets Hit Record Trading Volumes

ICE First Look at Mortgage Performance: September Sees Prepayments at Two-Year High, Slowly Rising Mortgage Delinquencies

ICE and Dun & Bradstreet to Launch Climate Data and Analytics for Broad Universe of Public and Private Companies

The New York Stock Exchange Plans to Extend Weekday Trading on its NYSE Arca Equities Exchange to 22 Hours a Day

ICE and NYSE Launch "My Vote" Ad Campaign to Celebrate the Power of Democracy Ahead of U.S. Election

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