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BGC Partners Inc Stock Research

BGCP

5.40USD+0.34(+6.72%)Market Closed

Market Summary

USD5.40+0.34
Market Closed
6.72%

BGCP Alerts

BGCP Stock Price

BGCP RSI Chart

BGCP Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

41.14

Price/Sales (Trailing)

1.12

EV/EBITDA

11.13

Price/Free Cashflow

9.37

BGCP Price/Sales (Trailing)

BGCP Profitability

EBT Margin

5.43%

Return on Equity

6.64%

Return on Assets

1.58%

Free Cashflow Yield

10.67%

BGCP Fundamentals

BGCP Revenue

Revenue (TTM)

1.8B

Revenue Y/Y

3.8K%

Revenue Q/Q

4.79%

BGCP Earnings

Earnings (TTM)

48.7M

Earnings Y/Y

-97.1%

Earnings Q/Q

-61.54%

Price Action

52 Week Range

2.995.51
(Low)(High)

Last 7 days

-1.2%

Last 30 days

17.9%

Last 90 days

25.8%

Trailing 12 Months

16.7%

BGCP Financial Health

Debt/Equity

1.43

Debt/Cashflow

0.21

BGCP Investor Care

Dividend Yield

0.74%

Dividend/Share (TTM)

0.04

Buy Backs (1Y)

4.14%

Diluted EPS (TTM)

0.13

Peers (Alternatives to BGC Partners)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
67.2B
5.0B
-1.37% -20.87%
24.96
13.38
7.03% 2.07%
55.5B
9.6B
-10.69% -24.62%
38.36
5.76
5.10% -64.37%
26.1B
6.2B
-12.89% -69.27%
23.21
4.19
5.78% -5.22%
24.5B
6.5B
-12.11% -22.62%
12.06
3.54
-15.43% -49.47%
13.1B
4.0B
-4.92% 7.40%
55.9
3.32
13.27% -55.58%
MID-CAP
7.9B
2.7B
-12.10% 23.15%
4.31
2.95
95.77% 12.59%
7.5B
2.0B
-12.37% -3.86%
15.68
3.75
3.79% -13.01%
6.2B
4.6B
-17.08% -14.81%
9.36
1.35
-3.98% -19.72%
1.9B
64.7B
-11.71% 27.62%
8
0.03
35.87% 74.73%
SMALL-CAP
2.0B
1.8B
17.91% 16.69%
41.14
1.12
16.43% -60.72%
1.8B
2.4B
-12.59% -48.39%
6.93
0.78
-15.89% -44.42%
1.1B
1.5B
0.39% 32.10%
14.3
0.71
-27.22% -74.14%
816.3M
10.3M
-0.68% -10.61%
-15.36
79.32
-29.47% -152.67%
742.8M
301.3M
9.41% -21.41%
14.66
2.47
-0.98% 1.78%
445.7M
1.1B
-15.80% -8.69%
13.78
0.4
-20.31% -79.65%

Financials for BGC Partners

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue33.3%1,7951,3471,4041,4811,542
Operating Expenses-12.3%1,7171,9582,0532,1412,178
EBITDA-31.0%230334298296328
EBITDA Margin-48.2%0.13*0.25*0.21*0.15*0.16*
Earnings Before Taxes-51.4%98.00201161148177
EBT Margin-63.5%0.05*0.15*0.11*0.08*0.09*
Interest Expenses-2.2%58.0059.0061.0066.0069.00
Net Income-60.4%49.00123106107124
Net Income Margin-70.3%0.03*0.09*0.08*0.05*0.06*
Free Cahsflow-8.8%214235265354407
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-34.2%3,0754,6714,8874,9413,342
    Cash Equivalents2.5%485473496509554
  Goodwill-0.1%487487487488487
Liabilities-41.0%2,3263,9444,1404,1882,660
  Long Term Debt0.1%1,0451,0451,0441,043-
    LT Debt, Non Current-0.1%1,0491,0501,0511,0521,053
Shareholder's Equity12.5%733652731736620
  Retained Earnings-0.1%-1,138-1,136-1,138-1,149-1,171
  Additional Paid-In Capital1.3%2,5592,5272,4992,4812,451
Shares Outstanding-1.2%371376368--
Minority Interest7.1%64.0059.0060.0060.0044.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-7.7%224243273363417
Cashflow From Investing-146.2%-53.33115121122121
Cashflow From Financing64.2%-233-651-642-795-819
  Dividend Payments0.4%15.0015.0015.0015.0015.00
  Buy Backs-52.3%104218284361365

Risks for BGCP

What is the probability of a big loss on BGCP?

99.2%


Probability that BGC Partners stock will be more than 20% underwater in next one year

71.5%


Probability that BGC Partners stock will be more than 30% underwater in next one year.

34.2%


Probability that BGC Partners stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does BGCP drawdown profile look like?

Y-axis is the maximum loss one would have experienced if BGC Partners was unfortunately bought at previous high price.

Drawdowns

Returns for BGCP

Cumulative Returns on BGCP

11.6%


10-Year Cumulative Returns

2.9%


7-Year Cumulative Returns

-6.8%


5-Year Cumulative Returns

11.4%


3-Year Cumulative Returns

What are the long-term rolling returns for BGCP?

FIve years rolling returns for BGC Partners.

Annualized Returns

Which funds bought or sold BGCP recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
45.21
217,002
510,002
-%
2023-02-28
Voya Investment Management LLC
added
0.76
89,027
511,027
-%
2023-02-21
MACQUARIE GROUP LTD
reduced
-8.34
452,000
5,072,000
0.01%
2023-02-15
Virtu Financial LLC
reduced
-72.19
-144,000
73,000
0.01%
2023-02-15
Tejara Capital Ltd
new
-
1,348,380
1,348,380
0.78%
2023-02-15
JANE STREET GROUP, LLC
reduced
-13.37
8,720
215,720
-%
2023-02-15
Steward Partners Investment Advisory, LLC
added
0.1
1,729
7,729
-%
2023-02-15
LAZARD ASSET MANAGEMENT LLC
unchanged
-
4,000
28,000
-%
2023-02-15
Metropolitan Life Insurance Co/NY
unchanged
-
11,814
72,814
-%
2023-02-15
MetLife Investment Management, LLC
reduced
-5.68
70,665
602,665
-%

1–10 of 46

Latest Funds Activity

Are funds buying BGCP calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own BGCP
No. of Funds

BGC Partners News

Nasdaq

Strength Seen in BGC Partners (BGCP): Can Its 6.5% Jump Turn ....

Nasdaq,
34 hours ago

InvestorsObserver

The Washington Post

BGC Partners: Q4 Earnings Snapshot.

The Washington Post,
19 days ago

Schedule 13G FIlings of BGC Partners

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 10, 2023
rubric capital management lp
5.64%
18,250,000
SC 13G
Feb 09, 2023
vanguard group inc
10.12%
32,775,445
SC 13G/A
Jan 31, 2023
blackrock inc.
7.2%
23,297,796
SC 13G/A
Nov 16, 2022
cantor fitzgerald, l. p.
24.0%
102,728,138
SC 13D/A
Feb 09, 2022
vanguard group inc
9.23%
29,795,094
SC 13G/A
Feb 03, 2022
blackrock inc.
7.3%
23,498,900
SC 13G/A
Feb 16, 2021
point72 asset management, l.p.
1.9%
6,005,500
SC 13G/A
Feb 16, 2021
principal global investors
0.01%
19,506
SC 13G/A
Feb 10, 2021
vanguard group inc
8.82%
27,930,845
SC 13G/A
Feb 02, 2021
blackrock inc.
6.9%
22,000,823
SC 13G

BGCP Fair Value

Recent SEC filings of BGC Partners

View All Filings
Date Filed Form Type Document
Mar 14, 2023
8-K
Current Report
Mar 01, 2023
10-K
Annual Report
Feb 28, 2023
425
Prospectus Filed
Feb 27, 2023
8-K
Current Report
Feb 24, 2023
EFFECT
EFFECT
Feb 24, 2023
EFFECT
EFFECT
Feb 24, 2023
EFFECT
EFFECT
Feb 24, 2023
EFFECT
EFFECT
Feb 21, 2023
POS AM
POS AM
Feb 21, 2023
POS AM
POS AM

Latest Insider Trading transactions for BGCP

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-25
Laguerre Martin
acquired
-
-
16,355
-
2022-12-30
MBANEFO ARTHUR U
acquired
-
-
39,789
-
2022-12-30
Richards David
acquired
-
-
39,789
-
2022-12-30
Bell Linda A
acquired
-
-
39,789
-
2021-12-22
MERKEL STEPHEN M
acquired
-
-
90,366
evp and general counsel
2021-12-22
LUTNICK HOWARD W
acquired
-
-
2,011,730
chairman and ceo
2021-11-22
MORAN WILLIAM J
acquired
-
-
10,661
-
2021-11-22
Bell Linda A
acquired
-
-
10,661
-
2021-11-22
Richards David
acquired
-
-
10,661
-
2021-11-22
Curwood Stephen T
acquired
-
-
10,661
-

1–10 of 35

Howard W. Lutnick
3920
BGC Partners, Inc. operates as a financial brokerage and technology company in the United States, France, other Europe, the United Kingdom, other Americas, Asia, Australia, Africa, and the Middle East. It offers various brokerage products, such as fixed income, such as government bonds, corporate bonds, and other debt instruments, as well as related interest rate derivatives and credit derivatives; and fixed income, equity derivatives and cash equities, energy and commodities, shipping, insurance, and futures and options. The company also provides trade execution, brokerage, clearing, trade compression, post-trade, information, consulting, and other back office services to financial and non-financial institutions. In addition, it offers electronic and hybrid brokerage, other financial technology solutions, market data and related information services, and analytics related to financial instrument and markets under the Fenics, FMX, BGC Trader, CreditMatch, Fenics Market Data, Fenics GO, BGC Market Data, kACE2, Capitalab, Swaptioniser, CBID, Lucera, and LumeAlfa brand names. Further, the company provides screen-based market solutions, which enable its clients to develop a marketplace, trade with their customers, issue debt, trade odd lots, access program trading interfaces, and access its network and intellectual property; option pricing and analysis tools; and software and technology infrastructure for the transactional and technology related elements. It primarily serves banks, broker-dealers, investment banks, trading firms, hedge funds, governments, and corporations, as well as investment firms. BGC Partners, Inc. was founded in 1945 and is headquartered in New York, New York.

BGCP Income Statement

2022-12-31
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:   
Commissions$ 1,281,294$ 1,541,900$ 1,567,668
Principal transactions365,507327,761351,633
Fees from related parties14,73414,85625,754
Data, software and post-trade96,38989,96381,920
Interest and dividend income21,00721,97712,332
Other revenues16,37118,90717,454
Total revenues1,795,3022,015,3642,056,761
Expenses:   
Compensation and employee benefits853,1651,271,3401,132,557
Equity-based compensation and allocations of net income to limited partnership units and FPUs251,071256,164183,545
Total compensation and employee benefits1,104,2361,527,5041,316,102
Occupancy and equipment157,491188,322192,837
Fees to related parties25,66224,03023,618
Professional and consulting fees68,77567,88474,072
Communications108,096117,502121,646
Selling and promotion49,21538,04838,234
Commissions and floor brokerage58,27764,70859,376
Interest expense57,93269,32976,607
Other expenses87,43180,88889,045
Total expenses1,717,1152,178,2151,991,537
Other income (losses), net:   
Gains (losses) on divestitures and sale of investments(1,029)312,941394
Gains (losses) on equity method investments10,9206,7065,023
Other income (loss)9,37319,7051,580
Total other income (losses), net19,264339,3526,997
Income (loss) from operations before income taxes97,451176,50172,221
Provision (benefit) for income taxes38,58423,01321,303
Consolidated net income (loss)58,867153,48850,918
Less: Net income (loss) attributable to noncontrolling interest in subsidiaries10,15529,4815,856
Net income available to common stockholders48,712124,00745,062
Basic earnings (loss) per share   
Net income (loss) available to common stockholders$ 48,712$ 124,007$ 45,062
Basic earnings (loss) per share (in dollars per share)$ 0.13$ 0.33$ 0.12
Basic weighted-average shares of common stock outstanding (in shares)371,561379,215361,736
Fully diluted earnings (loss) per share   
Net income (loss) for fully diluted shares$ 63,479$ 173,995$ 64,787
Fully diluted earnings (loss) per share (in dollars per share)$ 0.13$ 0.32$ 0.12
Fully diluted weighted-average shares of common stock outstanding (in shares)499,414540,020546,848