ICE - Intercontinental Exchange, Inc.

NYSE - NYSE Delayed Price. Currency in USD
96.86
+2.67 (+2.83%)
At close: 4:00PM EST
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Previous Close94.19
Open94.50
Bid94.88 x 800
Ask96.93 x 800
Day's Range94.45 - 96.90
52 Week Range71.90 - 101.93
Volume5,111,620
Avg. Volume3,404,432
Market Cap53.607B
Beta (5Y Monthly)0.33
PE Ratio (TTM)28.32
EPS (TTM)3.42
Earnings DateApr 29, 2020
Forward Dividend & Yield1.20 (1.27%)
Ex-Dividend DateMar 15, 2020
1y Target Est103.76
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    Singapore Exchange: A Wide-Moat Marketplace to Benefit From the Rise of Asia

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  • Business Wire

    Intercontinental Exchange Announces Record Daily Trading Volume for Sugar Futures

    Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced record trading volume for its sugar futures contracts.

  • Business Wire

    ICE Bonds Completes Integration with BlackRock’s Aladdin to Offer Fixed Income Portfolio Auction Functionality to Investment Managers

    Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that ICE Bonds has completed its integration with BlackRock’s Aladdin, offering access to ICE Bonds’ Portfolio Auction functionality, an automated execution protocol for portfolio trading. Aladdin is a premier portfolio management system for investment managers that combines sophisticated risk analytics with comprehensive trading and position monitoring tools.

  • Barrons.com

    Intercontinental Exchange’s Busted Bid for eBay Is an Opening for Investors

    CEO Jeff Sprecher is a visionary—but his latest move was rebuffed by the market, which isn’t as farseeing as he is. How to play the disconnect with options.

  • Reuters

    NYSE argues some exchange-related fees fall outside SEC's domain

    The New York Stock Exchange has told the U.S. Securities and Exchange Commission it does not believe it legally needs to make public the fees for a new high-speed connection to the exchange, questioning the scope of the regulator's authority. The issue is part of a decade-long dispute between stock exchanges and brokerages, banks and asset managers over what the financial firms see as excessive fees for market access and essential data charged by the bourses, which became for-profit companies in the early 2000s. The SEC has in recent years challenged the exchanges' ability to raise those fees if they do not adequately explain why increases are justified.

  • Thomson Reuters StreetEvents

    Edited Transcript of ICE earnings conference call or presentation 6-Feb-20 1:30pm GMT

    Q4 2019 Intercontinental Exchange Inc Earnings Call

  • Barrons.com

    Intercontinental Exchange Stock Slid on the eBay Bid. Now’s the Time to Buy, Analyst Says.

    Intercontinental Exchange’s attempt to buy eBay confounded Wall Street and also provided a good entry point for investors wanting to buy into the stock.

  • Reuters

    MIAX plans September launch of stock trading on Pearl Equities

    MIAX Pearl, one of three options exchanges run by Miami International Holdings Inc, said on Monday it plans to launch stock trading in September, adding to a growing list of firms looking to take market share from incumbents like the New York Stock Exchange. MIAX said in a statement its plan to begin trading shares was still subject to approval by the U.S. Securities and Exchange Commission, and provided a link to a filing it made with the agency on Thursday. "The entry of an innovative, cost competitive market such as Pearl Equities will promote competition, spurring existing exchanges to improve their own executions systems and reduce trading costs," MIAX said in the filing.

  • Moody's

    Intercontinental Exchange, Inc. -- Moody's reviews Intercontinental Exchange (A2/P-1) for downgrade

    Moody's Investors Service (Moody's) has placed Intercontinental Exchange, Inc.'s (ICE) ratings on review for downgrade, including its A2 senior unsecured rating and Prime-1 commercial paper rating. This action follows ICE's recent statements associated with it having approached eBay, Inc. (eBay, Baa1 stable) to explore a range of potential strategic opportunities and its related commentary on its expansive strategic vision.

  • Business Wire

    Intercontinental Exchange Launches FIX Connectivity and Multi-Order Functionality for ICE ETF Hub

    Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced the launch of two key enhancements for its ICE ETF Hub platform:

  • Intercontinental Exchange, Inc. Just Released Its Yearly Results And Analysts Are Updating Their Estimates
    Simply Wall St.

    Intercontinental Exchange, Inc. Just Released Its Yearly Results And Analysts Are Updating Their Estimates

    Intercontinental Exchange, Inc. (NYSE:ICE) shares fell 7.1% to US$92.63 in the week since its latest full-year...

  • Cboe Global (CBOE) Q4 Earnings Beat Estimates, Rise Y/Y
    Zacks

    Cboe Global (CBOE) Q4 Earnings Beat Estimates, Rise Y/Y

    Cboe Global (CBOE) Q4 earnings reflect lower trading volumes, decline in expenses and effect of share buyback.

  • ICE’s Outside-the-Box Purchase of eBay Dies On the Table
    InvestorPlace

    ICE’s Outside-the-Box Purchase of eBay Dies On the Table

    The news first hit the internet on February 4. The Wall Street Journal reported that Intercontinental Exchange (NYSE:ICE), the owners of the New York Stock Exchange, had made an offer of more than $30 billion for eBay (NASDAQ:EBAY). EBAY stock jumped by more than 8%. Source: Mano Kors / Shutterstock.com For eBay shareholders, it was good while it lasted. ICE Threw Cold Water on eBay StockTwo days later, ICE CEO Jeff Sprecher announced that the company had broken off talks with eBay. As I write this, eBay is down almost 7% in pre-market trading Feb. 7, 2020. That downward trend is likely to carry into Friday's trading. InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhen I first saw the news fly across my screen that ICE was making a play for eBay, much like the news Kobe Bryant had died, it took me a few seconds to process. * 7 Utility Stocks to Buy That Offer Juicy Dividends Why on god's green earth would the owner of the NYSE want to buy a company that helps people sell stuff? Many of ICE's investors felt the same way, voicing their concerns to Sprecher directly. "Based on investor conversations following today's ICE earnings call, ICE has decided to cease exploring strategic opportunities with EBay," the exchange said in a statement.From ICE's perspective, its obvious how the attributes of its business of running marketplaces on a large scale could be helpful to big companies looking to reinvigorate their operations or small ones trying to scale up. Sometimes, the unconventional works; this time, it didn't. If you own ICE stock, I wouldn't be concerned about its outside-the-box play for eBay. It shows how management is always considering ways to make ICE better while delivering value to shareholders; that's gold.But as for eBay, it demonstrates how rudderless the company is at the moment.If you own eBay stock, you better hope that some other buyer comes along in the not-too-distant future that is a more conventional fit because there appears few if any catalysts to it higher. Signs eBay is FalteringCNBC reported February 5 that eBay had ended its employee shuttle service for commuters in the San Francisco Bay Area. That comes after laying off 102 employees in San Francisco and Seattle. The company says not enough people were using the service, but it appears the real reason was to satisfy activist investors Elliott Management and Starboard Value. According to Bloomberg, Starboard is pushing the company to jettison its classifieds business while also setting loftier expectations for itself, including doing more with less. Hence, the cuts mentioned above. "In order to achieve the optimal outcome, we believe classifieds must be separated, and a more comprehensive and aggressive operating plan must be put in place to drive profitable growth in the core marketplace business," Peter Feld, the head of research for Starboard Value, stated in a letter to the company.Just as it had no interest in selling out to ICE, eBay appears to have little desire to meet the demands of the activists. At least not to the extent Starboard would like.Frankly, even though I believe that eBay is not a stock worth owning given its lack of direction, I find it amazing that these two investors -- Starboard own a little more than 1% and Elliott owns 1.4% -- who combined have less than half the ownership stake of founder Pierre Omidyar, dare to push their weight around like they own the place. They might have a lot of good points to make, but activism of this kind illustrates how the deck is stacked in favor of the 1%. But, I digress. Competition is Hurting BusinesseBay continues to fall behind its eCommerce rivals and the addition of sales taxes is only going to make its recovery that much more difficult. As the Financial Times reported in late January, a total of 33 states, including three biggies: California, Texas and New York, have already implemented internet sales taxes and more are expected to follow. "This rollout happened faster than anticipated and affected small businesses and consumer sellers requiring marketplaces to collect and remit on their behalf," said Scott Schenkel, eBay's interim chief executive. eBay believes a national internet sales tax makes sense to reduce the burden on small businesses. The reality is that eBay's revenue grew by just 2% in 2019, excluding currency, a figure that hardly instills fear at Amazon (NASDAQ:AMZN) headquarters. Shareholders can be thankful that it still managed to pull in $2.4 billion in non-GAAP profits from its ongoing operations. So, even though it's broken, the lights aren't about to go out in San Jose. The Bottom Line on EBAY StockIn fiscal 2019, eBay had $2.6 billion in free cash flow. Based on a current enterprise value of $30.0 billion, it has an FCF yield of 8.7%. Anything above 8%, I consider value territory. From this perspective, I can see why Starboard and Elliott are interested in eBay stock. It's a value play for sure. But as I said in November, I would still rather own its former stablemate, PayPal (NASDAQ:PYPL). Its future is much clearer. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Utility Stocks to Buy That Offer Juicy Dividends * 10 Gold and Silver Stocks to Profit Off 2020's Fear Trade * 3 Top Companies That Should Be More Careful With Your Data The post ICEa€™s Outside-the-Box Purchase of eBay Dies On the Table appeared first on InvestorPlace.

  • Intercontinental Exchange (ICE) Q4 Earnings Meet, Rise Y/Y
    Zacks

    Intercontinental Exchange (ICE) Q4 Earnings Meet, Rise Y/Y

    Intercontinental Exchange's (ICE) fourth-quarter earnings are hit by lower revenues.

  • Reuters

    US STOCKS-Wall St set to ease from record highs at open after jobs report

    Wall Street was set to ease from record highs at the open on Friday as investors assessed the U.S. employment report for January that showed acceleration in jobs growth but included a downward revision to certain previous numbers. Nonfarm payrolls increased by 225,000 jobs last month, the Labor Department's data showed, much higher than 160,000 jobs additions expected by economists polled by Reuters.

  • Dow Jones Futures Fall Before Jobs Report: Uber, Lyft Move To Buy Zones; Pinterest, Bill.com, eBay Are Big Movers
    Investor's Business Daily

    Dow Jones Futures Fall Before Jobs Report: Uber, Lyft Move To Buy Zones; Pinterest, Bill.com, eBay Are Big Movers

    After hours: Uber rose into a buy zone on its results. So did archrival Lyft. Pinterest, Bill.com and eBay also moved on news.

  • US STOCKS-Futures back off after four-day rally ahead of crucial jobs report
    Reuters

    US STOCKS-Futures back off after four-day rally ahead of crucial jobs report

    U.S. stock index futures retreated on Friday following a four-day run this week that lifted the Wall Street's main indexes to record highs, with attention turning to the crucial monthly jobs report. The Labor Department's data is likely to show U.S. job growth picked up in January, indicating the economy will probably continue to grow moderately despite a deepening slump in business investment. At 6:59 a.m. ET, Dow e-minis were down 110 points, or 0.38%.

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    A ‘technical correction is inevitable’ for Tesla, says global bubble report

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  • Benzinga

    NYSE Owner Is Not Buying eBay

    Intercontinental Exchange, Inc. (NYSE: ICE ), the operator of NYSE, has decided not to buy eBay Inc. (NASDAQ: EBAY ). What Happened ICE is a Fortune 500 company that owns various global exchanges and clearing ...

  • TheStreet.com

    ICE Drops Pursuit of eBay Deal

    Intercontinental Exchange, the owner of New York Stock Exchange abandons bid for eBay after 'investor conversations."

  • MarketWatch

    EBay stock drops after NYSE parent company says deal talks are off

    EBay Inc. shares declined in after-hours trading Thursday after Intercontinental Exchange Inc. said that it was no longer interesting in acquiring the company. "Based on investor conversations following today's ICE earnings call, ICE has decided to cease exploring strategic opportunities with eBay," the parent company of the New York Stock Exchange said in an announcement after trading closed Thursday afternoon. ICE's potential interest in buying eBay emerged Tuesday, and eBay shares had gained while ICE shares had declined in reaction. In the extended session Thursday following ICE's statement, eBay stock declined about 6% while ICE's stock increased more than 3%.

  • Barrons.com

    Intercontinental Exchange Bailed Out on eBay. Wall Street Never Liked the Deal.

    Days after it emerged that Intercontinental Exchange pursued eBay—and its stock took a beating for the deal—the New York Stock Exchange parent is calling the whole thing off.

  • EBay Wasn’t Interested in a Deal With NYSE’s Owner, CEO Says
    Bloomberg

    EBay Wasn’t Interested in a Deal With NYSE’s Owner, CEO Says

    (Bloomberg) -- Intercontinental Exchange Inc. Chief Executive Officer Jeff Sprecher spent almost 40 minutes explaining why the firm was interested in a tie-up with EBay Inc. Investors weren’t persuaded. Late Thursday, the owner of the New York Stock Exchange said it’s giving up the pursuit.“Based on investor conversations following today’s ICE earnings call, ICE has decided to cease exploring strategic opportunities with EBay,” the exchange operator said in a statement.EBay “was not interested” in a deal, Sprecher had told analysts on ICE’s earnings call earlier in the day. “Curiosity, and the fact that we know people there, led us to open a dialogue. And that’s kind of the end of the story.”Analysts spent most of the call’s Q&A portion asking Sprecher about ICE’s broader deal strategy in light of its interest in EBay. He said a press report about talks with EBay prompted speculation about an imminent deal, spurring his company to clarify that EBay hadn’t engaged “in a meaningful way” and the companies weren’t in negotiations.ICE shares fell 3% during regular trading Thursday, a decline that followed the 7.5% slump two days earlier, when its EBay approach was reported. They gained 2.7% at 4:41 p.m. in after-hours trading.Sprecher, on Thursday’s call, said that ICE, which owns the New York Stock Exchange, saw similarities in the two businesses as marketplaces that collect and organize data.“ICE has a long history of creating shareholder value and we’ve done so by thinking outside the box and by engaging in value-accretive transactions,” he said. Looking ahead, it’s most likely to consider deals for large, complex companies that can be reinvigorated, or small firms that would benefit from ICE’s larger platform.The EBay approach had many analysts scratching their heads. The potential link-up has no clear rationale, Piper Sandler Cos. said, while Oppenheimer & Co. voiced a widespread reaction when headlines about the talks first appeared: EBay is not a “conventional” M&A target for an exchange.To contact the reporter on this story: Lananh Nguyen in New York at lnguyen35@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Daniel TaubFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Intercontinental Says It Has Ended Pursuit of EBay
    Bloomberg

    Intercontinental Says It Has Ended Pursuit of EBay

    (Bloomberg) -- Intercontinental Exchange Inc., the owner of the New York Stock Exchange, said it stopped trying to make a deal for EBay Inc.The potential acquisition left analysts questioning Intercontinental’s rationale in seeking to own the consumer online marketplace.“Based on investor conversations following today’s ICE earnings call, ICE has decided to cease exploring strategic opportunities with eBay,” the company said Thursday in a statement.EBay shares fell almost 7% in extended trading after the announcement.To contact the reporter on this story: Andrew Pollack in San Francisco at apollack1@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.