BGCP Valuation
BGCP Price/Sales (Trailing)
BGCP Profitability
BGCP Fundamentals
BGCP Revenue
BGCP Earnings
Price Action
Last 7 days
2.1%
Last 30 days
8.9%
Last 90 days
-15.3%
Trailing 12 Months
32.1%
BGCP Financial Health
BGCP Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for BGCP
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-07-01 | CF GROUP MANAGEMENT INC | back to issuer | - | - | -761,652 | - |
2023-07-01 | MBANEFO ARTHUR U | back to issuer | - | - | -36,745 | - |
2023-07-01 | CANTOR FITZGERALD, L. P. | back to issuer | - | - | -45,122,700 | - |
2023-07-01 | LUTNICK HOWARD W | back to issuer | - | - | -19,537,000 | chairman and ceo |
2023-07-01 | Bell Linda A | back to issuer | - | - | -35,404 | - |
2023-07-01 | CF GROUP MANAGEMENT INC | back to issuer | - | - | -2,210,870 | - |
2023-07-01 | Richards David | back to issuer | - | - | -63,299 | - |
2023-07-01 | LUTNICK HOWARD W | back to issuer | - | - | -45,884,400 | chairman and ceo |
2023-07-01 | LUTNICK HOWARD W | back to issuer | - | - | -14,007,100 | chairman and ceo |
2023-07-01 | MERKEL STEPHEN M | back to issuer | - | - | -6,258 | evp and general counsel |
Which funds bought or sold BGCP recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-20 | BARCLAYS PLC | reduced | -22.41 | -287,000 | 550,000 | -% |
2023-08-23 | CTC Alternative Strategies, Ltd. | new | - | 55,375 | 55,375 | 0.07% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | sold off | -100 | -796,006 | - | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.5 | -353,823 | 1,677,850 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -7.78 | -14,943 | 53,949 | -% |
2023-08-18 | Legato Capital Management LLC | new | - | 3,295,260 | 3,295,260 | 0.45% |
2023-08-16 | Nuveen Asset Management, LLC | added | 11.09 | -1,247,860 | 19,889,100 | 0.01% |
2023-08-16 | GTS SECURITIES LLC | new | - | 177,253 | 177,253 | 0.01% |
2023-08-15 | Cornerstone Planning Group LLC | new | - | 3,837 | 3,837 | -% |
2023-08-15 | ALLIANCEBERNSTEIN L.P. | unchanged | - | -318,392 | 1,763,100 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of BGC Partners
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Jul 12, 2023 | cantor fitzgerald, l. p. | 19.3% | 93,340,477 | SC 13D/A | |
| May 26, 2023 | cantor fitzgerald, l. p. | 22.7% | 103,347,670 | SC 13D/A | |
| 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 | principal global investors | 0.01% | 19,506 | SC 13G/A | |
| Feb 16, 2021 | point72 asset management, l.p. | 1.9% | 6,005,500 | SC 13G/A |
Recent SEC filings of BGC Partners
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 29, 2023 | 8-K | Current Report | |
| Sep 28, 2023 | ARS | ARS | |
| Sep 28, 2023 | DEF 14A | DEF 14A | |
| Sep 28, 2023 | DEFA14A | DEFA14A | |
| Sep 22, 2023 | EFFECT | EFFECT | |
| Sep 22, 2023 | 4 | Insider Trading | |
| Sep 22, 2023 | 424B3 | Prospectus Filed | |
| Sep 20, 2023 | 8-K | Current Report | |
| Sep 20, 2023 | S-4/A | Mergers and Acquisition | |
| Sep 06, 2023 | 8-K | Current Report |
Peers (Alternatives to BGC Partners)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CME | 71.8B | 5.4B | -1.35% | 17.38% | 24.12 | 13.19 | 39.96% | 1.84% |
ICE | 61.2B | 9.6B | -6.66% | 20.89% | 36.23 | 6.39 | 1.00% | -49.94% |
NDAQ | 23.8B | 6.1B | -6.78% | -14.57% | 21.53 | 3.89 | 3.28% | -2.99% |
CBOE | 16.5B | 3.9B | 4.28% | 34.65% | 25.41 | 4.25 | 6.88% | 207.99% |
TROW | - | 6.3B | -7.36% | -0.40% | - | - | -14.15% | -36.16% |
| MID-CAP | ||||||||
IBKR | 8.9B | 4.8B | -7.41% | 34.05% | 3.67 | 1.85 | 226.24% | 90.31% |
SEIC | 7.8B | 1.9B | -4.58% | 20.63% | 19.57 | 4.15 | -8.00% | -31.66% |
SF | 6.5B | 4.8B | -8.80% | 16.53% | 10.54 | 1.35 | 2.69% | -21.37% |
SNEX | 2.0B | 60.6B | 2.28% | 16.20% | 8.33 | 0.03 | -1.46% | 48.12% |
| SMALL-CAP | ||||||||
BGCP | 1.7B | 1.9B | 8.85% | 32.11% | 239.3 | 0.92 | 0.08% | -93.14% |
VIRT | 1.7B | 2.2B | -7.51% | -15.84% | 8.54 | 0.76 | -14.47% | -57.71% |
COWN | 1.1B | 1.5B | 0.39% | 32.10% | 14.3 | 0.71 | -27.22% | -74.14% |
AC | 795.9M | 23.7M | -1.06% | -1.31% | 43.51 | 33.65 | 51.04% | 152.07% |
OPY | 407.1M | 1.2B | -3.46% | 20.12% | 12.66 | 0.33 | 4.38% | -66.00% |
WETF | 742.8M | 313.5M | - | - | 14.66 | 2.47 | 0.19% | 735.99% |
BGC Partners News
Returns for BGCP
Cumulative Returns on BGCP
6.6%
10-Year Cumulative Returns
1.4%
7-Year Cumulative Returns
-5.7%
5-Year Cumulative Returns
18.4%
3-Year Cumulative Returns
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
70%
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
Financials for BGC Partners
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 3.1% | 1,879 | 1,822 | 1,795 | 1,820 | 1,878 | 1,954 | 2,015 | 2,033 | 2,014 | 2,021 | 2,057 | 2,064 | 2,131 | 2,163 | 2,104 | 2,083 | 2,018 | 1,958 | 1,938 | 763 | 1,135 |
| Operating Expenses | 6.7% | 1,870 | 1,754 | 1,717 | 1,958 | 2,053 | 2,141 | 2,178 | 2,001 | 1,944 | 1,921 | 1,987 | 2,014 | 2,089 | 2,131 | 2,035 | 2,009 | 1,899 | 1,831 | 1,824 | 831 | 1,197 |
| EBITDA | -100.0% | - | 220 | 230 | 334 | 298 | 296 | 328 | 217 | 270 | 282 | 239 | 223 | 204 | 190 | 262 | 26.00 | 81.00 | 129 | 286 | 342 | 433 |
| EBITDA Margin | -100.0% | - | 0.12* | 0.13* | 0.25* | 0.21* | 0.15* | 0.16* | 0.11* | 0.13* | 0.14* | 0.12* | 0.11* | 0.10* | 0.09* | 0.12* | 0.01* | 0.04* | 0.07* | 0.15* | 0.29* | 0.28* |
| Interest Expenses | 9.4% | 65.00 | 59.00 | 58.00 | 59.00 | 61.00 | 66.00 | 69.00 | 75.00 | 78.00 | 77.00 | 77.00 | 71.00 | 67.00 | 64.00 | 60.00 | 56.00 | 52.00 | 46.00 | 42.00 | 37.00 | 51.00 |
| Earnings Before Taxes | -73.5% | 23.00 | 85.00 | 97.00 | 201 | 161 | 148 | 177 | 52.00 | 90.00 | 119 | 77.00 | 67.00 | 55.00 | 42.00 | 122 | 120 | 177 | 188 | 172 | -86.61 | -6.79 |
| EBT Margin | -100.0% | - | 0.05* | 0.05* | 0.15* | 0.11* | 0.08* | 0.09* | 0.03* | 0.05* | 0.06* | 0.04* | 0.03* | 0.03* | 0.02* | 0.06* | -0.05* | -0.02* | 0.00* | 0.09* | 0.17* | 0.18* |
| Net Income | -82.6% | 7.00 | 42.00 | 49.00 | 123 | 106 | 107 | 124 | 45.00 | 65.00 | 77.00 | 48.00 | 30.00 | 15.00 | 1.00 | 48.00 | 56.00 | 183 | 204 | 202 | 94.00 | 56.00 |
| Net Income Margin | -100.0% | - | 0.02* | 0.03* | 0.09* | 0.08* | 0.05* | 0.06* | 0.02* | 0.03* | 0.04* | 0.02* | 0.01* | 0.01* | 0.00* | 0.02* | 0.03* | 0.09* | 0.10* | 0.10* | 0.08* | 0.04* |
| Free Cashflow | -100.0% | - | 247 | 214 | 235 | 265 | 354 | 407 | 459 | 411 | 392 | 272 | 208 | 214 | 189 | 194 | 783 | 157 | 191 | -91.87 | -311 | 595 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -9.0% | 4,082 | 4,484 | 3,075 | 4,671 | 4,887 | 4,941 | 3,342 | 5,416 | 5,133 | 5,571 | 3,953 | 4,594 | 4,502 | 5,728 | 3,927 | 6,548 | 5,392 | 5,045 | 3,433 | 8,732 | 6,849 |
| Cash Equivalents | 6.6% | 526 | 493 | 485 | 473 | 496 | 509 | 554 | 451 | 420 | 574 | 596 | 492 | 464 | 455 | 415 | 414 | 399 | 332 | 337 | 364 | 398 |
| Net PPE | - | - | - | - | - | - | - | - | - | - | 211 | 215 | 219 | 214 | 203 | 205 | 195 | 179 | 170 | 157 | 216 | 210 |
| Goodwill | 0.3% | 503 | 502 | 487 | 487 | 487 | 488 | 487 | 487 | 487 | 556 | 556 | 554 | 552 | 552 | 554 | 552 | 560 | 560 | 505 | 980 | 947 |
| Liabilities | -11.0% | 3,263 | 3,668 | 2,326 | 3,944 | 4,140 | 4,188 | 2,660 | 4,712 | 4,325 | 4,680 | 3,121 | 3,768 | 3,716 | 4,989 | 3,178 | 5,724 | 4,515 | 4,141 | 2,545 | 6,792 | 5,134 |
| Short Term Borrowings | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| LT Debt, Non Current | 24.3% | 1,394 | 1,122 | 1,049 | 1,050 | 1,051 | 1,052 | 1,053 | 1,353 | 1,243 | 1,313 | 1,316 | 1,318 | 1,291 | 1,368 | 1,143 | 1,105 | 1,062 | 1,008 | 764 | 1,323 | 1,289 |
| Shareholder's Equity | -8.5% | 733 | 801 | 670 | 652 | 731 | 736 | 663 | 685 | 794 | 874 | 811 | 773 | 749 | 696 | 729 | 800 | 851 | 879 | 855 | 1,890 | 1,667 |
| Retained Earnings | -2.1% | -1,146 | -1,122 | -1,138 | -1,136 | -1,138 | -1,149 | -1,171 | -1,244 | -1,211 | -1,226 | -1,280 | -1,237 | -1,253 | -1,277 | -1,253 | -1,176 | -1,124 | -1,090 | -1,105 | -798 | -860 |
| Additional Paid-In Capital | 2.4% | 2,668 | 2,604 | 2,559 | 2,527 | 2,499 | 2,481 | 2,451 | 2,421 | 2,367 | 2,366 | 2,375 | 2,318 | 2,309 | 2,293 | 2,272 | 2,244 | 2,229 | 2,210 | 2,208 | 2,117 | 2,105 |
| Shares Outstanding | 4.4% | 392 | 375 | - | 371 | 376 | 368 | - | 387 | 385 | 374 | - | 363 | 361 | 358 | - | 346 | 341 | 338 | - | 328 | 321 |
| Minority Interest | 18.9% | 87.00 | 73.00 | 64.00 | 59.00 | 60.00 | 60.00 | 44.00 | 54.00 | 66.00 | 78.00 | 57.00 | 73.00 | 65.00 | 56.00 | 50.00 | 77.00 | 85.00 | 94.00 | 95.00 | 868 | 715 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -65.5% | 89.00 | 259 | 224 | 243 | 273 | 363 | 417 | 469 | 428 | 418 | 303 | 247 | 256 | 230 | 241 | 544 | 308 | 219 | -67.34 | -873 | -360 |
| Cashflow From Investing | -4.7% | -83.78 | -79.99 | -53.33 | 115 | 121 | 122 | 121 | -43.88 | -60.12 | -72.70 | -77.94 | -94.25 | -93.57 | -73.04 | -42.59 | -56.47 | -45.69 | -33.85 | 9.00 | 113 | 95.00 |
| Cashflow From Financing | 108.1% | 16.00 | -192 | -233 | -651 | -642 | -795 | -819 | -381 | -309 | -186 | -13.10 | -55.37 | -79.58 | -15.79 | 18.00 | -252 | -131 | -97.86 | 51.00 | 696 | 275 |
| Dividend Payments | 0.6% | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 60.00 | 118 | 157 | 195 | 192 | 190 | 215 | 223 | 231 | 224 | 209 |
| Buy Backs | 14.7% | 124 | 108 | 104 | 218 | 284 | 361 | 365 | 227 | 108 | 6.00 | 0.00 | 0.00 | - | - | 1.00 | 2.00 | 2.00 | 3.00 | 10.00 | 5.00 | 12.00 |
BGCP Income Statement
2023-06-30Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues: | ||||
| Commissions | $ 348,720 | $ 309,542 | $ 726,008 | $ 666,206 |
| Principal transactions | 94,883 | 88,169 | 209,812 | 203,770 |
| Fees from related parties | 4,062 | 3,625 | 8,019 | 6,942 |
| Data, network and post-trade | 27,000 | 23,391 | 54,122 | 47,518 |
| Interest and dividend income | 13,371 | 8,961 | 18,686 | 11,396 |
| Other revenues | 5,044 | 2,068 | 9,300 | 6,388 |
| Total revenues | 493,080 | 435,756 | 1,025,947 | 942,220 |
| Expenses: | ||||
| Compensation and employee benefits | 243,387 | 211,873 | 510,601 | 469,141 |
| Equity-based compensation and allocations of net income to limited partnership units and FPUs | 126,644 | 46,133 | 208,017 | 104,009 |
| Total compensation and employee benefits | 370,031 | 258,006 | 718,618 | 573,150 |
| Occupancy and equipment | 40,488 | 39,921 | 81,653 | 78,584 |
| Fees to related parties | 7,991 | 6,009 | 16,431 | 11,734 |
| Professional and consulting fees | 14,819 | 13,810 | 30,520 | 29,441 |
| Communications | 27,813 | 27,166 | 55,752 | 55,057 |
| Selling and promotion | 15,320 | 12,443 | 29,936 | 23,381 |
| Commissions and floor brokerage | 16,161 | 14,239 | 31,426 | 31,582 |
| Interest expense | 19,914 | 14,342 | 35,656 | 28,645 |
| Other expenses | 13,221 | 23,010 | 25,729 | 40,785 |
| Total expenses | 525,758 | 408,946 | 1,025,721 | 872,359 |
| Other income (losses), net: | ||||
| Gains (losses) on equity method investments | 2,412 | 2,729 | 4,474 | 5,532 |
| Other income (loss) | (1,011) | 1,909 | (2,746) | 1,413 |
| Total other income (losses), net | 1,401 | 4,638 | 1,728 | 6,945 |
| Income (loss) from operations before income taxes | (31,277) | 31,448 | 1,954 | 76,806 |
| Provision (benefit) for income taxes | (9,067) | 15,105 | 2,994 | 29,762 |
| Consolidated net income (loss) | (22,210) | 16,343 | (1,040) | 47,044 |
| Less: Net income (loss) attributable to noncontrolling interest in subsidiaries | (2,506) | 1,581 | (314) | 6,310 |
| Net income (loss) available to common stockholders | (19,704) | 14,762 | (726) | 40,734 |
| Basic earnings (loss) per share | ||||
| Net income (loss) available to common stockholders | $ (19,704) | $ 14,762 | $ (726) | $ 40,734 |
| Basic earnings (loss) per share (in dollars per share) | $ (0.05) | $ 0.04 | $ 0 | $ 0.11 |
| Basic weighted-average shares of common stock outstanding (in shares) | 391,745 | 375,613 | 383,528 | 371,988 |
| Fully diluted earnings (loss) per share | ||||
| Net income (loss) for fully diluted shares | $ (19,704) | $ 19,710 | $ (726) | $ 53,348 |
| Fully diluted earnings (loss) per share (in dollars per share) | $ (0.05) | $ 0.04 | $ 0 | $ 0.11 |
| Fully diluted weighted-average shares of common stock outstanding (in shares) | 391,745 | 507,005 | 383,528 | 504,609 |
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.