BGC Group
About: BGC Group Inc is a brokerage and financial technology company that serves the global financial markets, energy and commodities markets. Its service and product offerings include brokerage for a wide range of financial products including fixed income, equities, commodities, derivatives, and real estate, software solutions for trading platforms, clearing, trade execution, and other back-office services. Its clients mostly include banks, financial institutions and corporate clients. BGC operates in one reportable segment, which is providing brokerage services. Geographically the company generates revenue from Asia, Other Europe/MEA, France, Other Americas with the majority of its revenue coming from United Kingdom followed by the United States.
Employees: 3,895
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
268% more call options, than puts
Call options by funds: $9.73M | Put options by funds: $2.64M
92% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 26
43% more funds holding in top 10
Funds holding in top 10: 7 [Q1] → 10 (+3) [Q2]
9% more funds holding
Funds holding: 255 [Q1] → 279 (+24) [Q2]
4% more capital invested
Capital invested by funds: $2.25B [Q1] → $2.33B (+$78.9M) [Q2]
0% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 93
2.25% less ownership
Funds ownership: 75.36% [Q1] → 73.11% (-2.25%) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Piper Sandler Patrick Moley 96% 1-year accuracy 24 / 25 met price target | 21%upside $11.50 | Overweight Reiterated | 12 Sept 2024 |
Piper Sandler Patrick Moley 96% 1-year accuracy 24 / 25 met price target | 21%upside $11.50 | Overweight Reiterated | 31 Jul 2024 |
Financial journalist opinion
Based on 6 articles about BGC published over the past 30 days