Intercontinental Exchange (NYSE:ICE) Given New $190.00 Price Target at Keefe, Bruyette & Woods

Intercontinental Exchange (NYSE:ICE) had its target price lifted by Keefe, Bruyette & Woods from $180.00 to $190.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

A number of other brokerages also recently weighed in on ICE. Barclays reaffirmed an “overweight” rating and set a $189.00 price objective (up from $182.00) on shares of Intercontinental Exchange in a research report on Wednesday, October 7th. Wall Street Zen upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, October 10th. Argus reduced their target price on shares of Intercontinental Exchange from $190.00 to $187.00 and set a “buy” rating for the company in a report on Friday, August 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $178.00 price target (up from $169.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Finally, Rothschild & Co Redburn raised their price target on shares of Intercontinental Exchange from $173.00 to $181.00 and gave the company a “buy” rating in a report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and an average price target of $189.25.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $168.64 on Friday. The firm has a market cap of $94.67 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 1.51 and a beta of 0.94. The company’s 50 day moving average is $157.56 and its 200 day moving average is $154.60. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.68. Intercontinental Exchange has a 52-week low of $121.79 and a 52-week high of $176.05.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 29th. The financial services provider reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.05. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $2.74 billion. Intercontinental Exchange had a net margin of 29.62% and a return on equity of 15.32%. Intercontinental Exchange’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.71 earnings per share. On average, sell-side analysts anticipate that Intercontinental Exchange will post 8.20 EPS for the current fiscal year.

Insider Activity at Intercontinental Exchange

In other news, President Benjamin Jackson sold 12,862 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $160.09, for a total transaction of $2,059,077.58. Following the sale, the president owned 164,264 shares in the company, valued at approximately $26,297,023.76. The trade was a 7.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher Edmonds sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $160.59, for a total transaction of $802,950.00. Following the transaction, the insider owned 14,367 shares in the company, valued at approximately $2,307,196.53. This trade represents a 25.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 41,179 shares of company stock worth $6,473,715 over the last ninety days. Corporate insiders own 0.84% of the company’s stock.

Institutional Investors Weigh In On Intercontinental Exchange

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Intercontinental Exchange in the 2nd quarter valued at $6,245,085,000. State Street Corp grew its holdings in shares of Intercontinental Exchange by 1.6% during the second quarter. State Street Corp now owns 25,966,680 shares of the financial services provider’s stock worth $3,196,758,000 after buying an additional 415,490 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Intercontinental Exchange by 16.1% during the second quarter. Wellington Management Group LLP now owns 11,812,273 shares of the financial services provider’s stock worth $1,454,209,000 after buying an additional 1,634,385 shares in the last quarter. Amundi grew its holdings in shares of Intercontinental Exchange by 49.6% during the first quarter. Amundi now owns 4,997,079 shares of the financial services provider’s stock worth $785,941,000 after buying an additional 1,656,220 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Intercontinental Exchange in the second quarter valued at about $714,869,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Key Intercontinental Exchange News

Here are the key news stories impacting Intercontinental Exchange this week:

• Positive Sentiment: Q3 earnings beat estimates: ICE reported adjusted earnings of $2.02 per share, above the $1.97 consensus estimate, while revenue rose 14.7% year over year to $3.63 billion. Growth was supported by higher exchange-trading activity and data revenue, with analysts also citing improving recurring-revenue expectations. Intercontinental Q3 Earnings Beat on Exchanges and Data Growth
• Positive Sentiment: New digital-asset derivatives initiative: ICE and Trade[XYZ] plan to bring Hyperliquid-based, regulated perpetual futures markets to U.S. customers. The initiative could create a new growth opportunity in 24/7 derivatives trading and reinforces ICE’s broader push into digital assets. Intercontinental Exchange to bring TradeXYZ perpetual markets onshore in U.S.
• Positive Sentiment: Analyst targets moved higher: Barclays raised its target to $194 and kept an overweight rating, while Keefe, Bruyette & Woods lifted its target to $190 with an outperform rating. Goldman Sachs also increased its target to $200. Goldman Sachs adjusts ICE price target
• Positive Sentiment: Dividend increase and deal progress: ICE approved a quarterly dividend of $0.52 per share, up 8% from a year earlier. The company also expects its MarketAxess acquisition to close in the first quarter of 2027 after receiving early regulatory clearance. Intercontinental Exchange approves fourth-quarter dividend
• Neutral Sentiment: Mixed analyst view: TD Cowen raised its target to $182 but maintained a hold rating, while Wells Fargo increased its target to $167 and retained an underweight rating, suggesting some analysts believe much of the near-term upside is already reflected in ICE’s valuation.
• Negative Sentiment: Execution and spending risks remain: The MarketAxess transaction and approximately $1.05 billion in 2026 capital expenditures could pressure near-term cash flow, while mortgage-market challenges continue to weigh on part of ICE’s business.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc (NYSE:ICE) is a global operator of exchanges, clearinghouses, data services and technology platforms. The company owns and operates the New York Stock Exchange and other exchanges serving equity, options, futures and over-the-counter markets. Its marketplaces support trading in areas including energy, agricultural commodities, interest rates, currencies, equity indexes and individual stocks.

ICE also provides clearing and settlement services that help manage counterparty and transaction risk, along with market data, analytics, connectivity and other technology solutions for financial institutions and businesses.