View Past PerformanceBGC Group バランスシートの健全性財務の健全性 基準チェック /46BGC Groupの総株主資本は$1.3B 、総負債は$1.8Bで、負債比率は139.7%となります。総資産と総負債はそれぞれ$5.9Bと$4.6Bです。主要情報139.69%負債資本比率US$1.78b負債インタレスト・カバレッジ・レシオn/a現金US$900.51mエクイティUS$1.27b負債合計US$4.59b総資産US$5.86b財務の健全性に関する最新情報更新なしすべての更新を表示Recent updatesライブニュース • Jun 05BGC Group Q1 Revenue Rises 44% as Energy and Electronic Trading ExpandBGC Group reported Q1 revenue that was 44% higher, supported by organic growth, acquisitions and electronic trading activity. The energy and shipping businesses are now a larger part of the revenue mix, with management signaling plans for further expansion in these areas. The company is putting more emphasis on FMX, data monetization and partnerships with non-bank liquidity providers as areas it expects to drive future growth. The pivot toward electronic trading, data and non-bank liquidity partnerships suggests BGC is leaning into areas where scale, technology and information content can matter more than balance sheet size. Investors may want to watch how quickly FMX and the enlarged energy and shipping operations contribute to overall revenue and whether the cost of acquisitions and platform investments affects profitability.Declared Dividend • May 15First quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 27th May 2026 Payment date: 10th June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 2.4%. Payout Ratios Payout ratio: 22%. Cash payout ratio: 11%.Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$0.18 (vs US$0.11 in 1Q 2025)First quarter 2026 results: EPS: US$0.18 (up from US$0.11 in 1Q 2025). Revenue: US$923.0m (up 44% from 1Q 2025). Net income: US$84.1m (up 59% from 1Q 2025). Profit margin: 9.1% (up from 8.3% in 1Q 2025). Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 09BGC Group, Inc. to Report Q1, 2026 Results on May 07, 2026BGC Group, Inc. announced that they will report Q1, 2026 results at 8:00 AM, US Eastern Standard Time on May 07, 2026お知らせ • Mar 27BGC Group, Inc. Updates Earnings Guidance for the First Quarter Ending March 31, 2026BGC Group, Inc. updated earnings guidance for the first quarter ending March 31, 2026. For the quarter, the company expects to be slightly above the high end of its previously stated outlook range for revenue. The Company’s outlook was contained in BGC’s financial results press release issued on February 12, 2026.Seeking Alpha • Mar 13BGC Group: FMX Expansion Is Transforming The Business, But Expectations Are Already HighSummary BGC Group achieved record 2025 revenues of $2.94 billion, driven by 30% growth and successful OTC Global Holdings integration. The FMX platform captured 40% of the US Treasury bond market share, positioning BGC as a leading electronic exchange operator versus CME Group. Current valuation (P/E ~29x) reflects high expectations for FMX's continued success, with forward P/E at 7-8x and free cash flow yield of 10.5%. Key risks include FMX's ability to sustain growth, high staff costs, competitive pressures, and sensitivity to trading volumes and macroeconomic cycles. Read the full article on Seeking AlphaDeclared Dividend • Feb 17Fourth quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 4th March 2026 Payment date: 18th March 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 13Full year 2025 earnings released: EPS: US$0.33 (vs US$0.26 in FY 2024)Full year 2025 results: EPS: US$0.33 (up from US$0.26 in FY 2024). Revenue: US$2.82b (up 30% from FY 2024). Net income: US$155.0m (up 28% from FY 2024). Profit margin: 5.5% (down from 5.6% in FY 2024). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 27BGC Group, Inc. Authorized as an FCA-Registered Benchmark AdministratorBGC Group, Inc. announced that BGC Brokers L.P. is now authorized as a U.K. registered benchmark administrator licensee with the U.K. Financial Conduct Authority (FCA) under the U.K. Benchmarks Regulation. BGC’s approved benchmark offering includes swaps pricing in EUR IRS, GBP IRS, & XCCY swaps, and EU and U.K. Inflation swaps. This enhancement provides clients with an FCA regulated reference page, improved data quality, and a strong alternative benchmark solution for their issuance activities. This wider range of approved products strengthens the company's value proposition and ability to support issuance workflows.お知らせ • Jan 12BGC Group, Inc. to Report Q4, 2025 Results on Feb 12, 2026BGC Group, Inc. announced that they will report Q4, 2025 results at 8:00 AM, US Eastern Standard Time on Feb 12, 2026お知らせ • Jan 07smartTrade Technologies SAS acquired kACE Financial from BGC Group, Inc. (NasdaqGS:BGC).SmartTrade Technologies SAS entered into a definitive agreement to acquire kACE Financial from BGC Group, Inc. (NasdaqGS:BGC) for approximately $120 million on December 11, 2025. Under the terms of the deal, kACE is valued up to $119 million, subject to limited post-closing adjustments. This includes an initial payment of $80 million, with up to an additional $39 million in contingent cash consideration based on defined performance metrics some of which is expected to be received in 2026. The transaction is expected to close by end of year 2025, subject to customary closing conditions. SmartTrade Technologies SAS completed the acquisition of kACE Financial from BGC Group, Inc. (NasdaqGS:BGC) on January 6, 2026.New Risk • Nov 20New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$286k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (78% net debt to equity). Significant insider selling over the past 3 months (US$286k sold).分析記事 • Nov 09BGC Group's (NASDAQ:BGC) Dividend Will Be $0.02The board of BGC Group, Inc. ( NASDAQ:BGC ) has announced that it will pay a dividend on the 10th of December, with...Declared Dividend • Nov 09Third quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 26th November 2025 Payment date: 10th December 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 37% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Nov 07BGC Group, Inc. announces Quarterly dividend, payable on December 10, 2025BGC Group, Inc. announced Quarterly dividend of USD 0.0200 per share payable on December 10, 2025, ex-date on November 26, 2025 and record date on November 26, 2025.Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: US$0.059 (vs US$0.03 in 3Q 2024)Third quarter 2025 results: EPS: US$0.059 (up from US$0.03 in 3Q 2024). Revenue: US$703.0m (up 31% from 3Q 2024). Net income: US$27.9m (up 97% from 3Q 2024). Profit margin: 4.0% (up from 2.6% in 3Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 31% per year.お知らせ • Oct 07BGC Group, Inc. to Report Q3, 2025 Results on Nov 06, 2025BGC Group, Inc. announced that they will report Q3, 2025 results at 8:00 AM, US Eastern Standard Time on Nov 06, 2025お知らせ • Oct 06BGC Group, Inc. (NasdaqGS:BGC) acquired Macro Hive Limited.BGC Group, Inc. (NasdaqGS:BGC) acquired Macro Hive Limited on October 6, 2025. BGC Group, Inc. (NasdaqGS:BGC) completed the acquisition of Macro Hive Limited on October 6, 2025.お知らせ • Oct 01BGC Group, Inc., Annual General Meeting, Nov 12, 2025BGC Group, Inc., Annual General Meeting, Nov 12, 2025.お知らせ • Sep 18BGC Group, Inc. Launches Opti Match First Fully Electronic Platform for U.S. Dollar SwapsBGC Group, Inc. announced the launch of Opti Match, the company's new fully electronic trading platform for U.S. dollar swaps offered through BGC Derivatives Markets, L.P. Institutional investors can access Opti Match either directly if they are SEF Participants or through their BGC or GFI broker. The Opti Match is designed to streamline execution, enhance transparency, and deliver superior liquidity across the U.S. dollar swaps landscape and will initially support a comprehensive suite of products, including: SOFR Flies & Spreads; SOFR Feds Basis Term & FOMC; FOMC Rates SOFR & OIS; CME/LCH Outrights & Switches.New Risk • Aug 24New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$464k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (84% net debt to equity). Significant insider selling over the past 3 months (US$464k sold).分析記事 • Aug 05BGC Group (NASDAQ:BGC) Has Announced A Dividend Of $0.02The board of BGC Group, Inc. ( NASDAQ:BGC ) has announced that it will pay a dividend of $0.02 per share on the 3rd of...Declared Dividend • Aug 04Second quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 20th August 2025 Payment date: 3rd September 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 67% over the next year, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 01Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: US$0.12 (up from US$0.076 in 2Q 2024). Revenue: US$750.2m (up 42% from 2Q 2024). Net income: US$57.5m (up 60% from 2Q 2024). Profit margin: 7.7% (up from 6.8% in 2Q 2024). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 65%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Jul 18BGC Group, Inc.'s (NASDAQ:BGC) Price In Tune With EarningsBGC Group, Inc.'s ( NASDAQ:BGC ) price-to-earnings (or "P/E") ratio of 38.1x might make it look like a strong sell...お知らせ • Jul 03BGC Group, Inc. to Report Q2, 2025 Results on Jul 31, 2025BGC Group, Inc. announced that they will report Q2, 2025 results at 8:00 AM, US Eastern Standard Time on Jul 31, 2025お知らせ • Jul 01BGC Group, Inc. Updates Earnings Guidance for the Second Quarter Ended June 30, 2025BGC Group, Inc. updated earnings guidance for the second quarter ended June 30, 2025. For the period, the company expects to be slightly above its previously stated outlook ranges for revenue.お知らせ • Jun 30+ 4 more updatesBGC Group, Inc.(NasdaqGS:BGC) dropped from Russell 3000 Value IndexBGC Group, Inc.(NasdaqGS:BGC) dropped from Russell 3000 Value Index新しいナラティブ • Jun 08Acquisition And Automation Investments Will Redefine Global Electronic Trading The acquisition of OTC Global Holdings and strategic expansion into electronic trading and data services are driving significant growth, scale, and profitability. Declared Dividend • May 12First quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 27th May 2025 Payment date: 10th June 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • May 08First quarter 2025 earnings released: EPS: US$0.12 (vs US$0.099 in 1Q 2024)First quarter 2025 results: EPS: US$0.12 (up from US$0.099 in 1Q 2024). Revenue: US$639.6m (up 14% from 1Q 2024). Net income: US$55.2m (up 19% from 1Q 2024). Profit margin: 8.6% (up from 8.3% in 1Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings.お知らせ • May 07BGC Group, Inc. Declares Quarterly DividendBGC Group, Inc. declared quarterly dividend of 2 cents per share.お知らせ • Apr 08BGC Group, Inc. to Report Q1, 2025 Results on May 07, 2025BGC Group, Inc. announced that they will report Q1, 2025 results at 8:00 AM, Eastern Standard Time on May 07, 2025Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$7.79, the stock trades at a trailing P/E ratio of 31x. Average forward P/E is 13x in the Capital Markets industry in the US. Total returns to shareholders of 103% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$4.27 per share.お知らせ • Apr 02BGC Group, Inc. (NasdaqGS:BGC) completed the acquisition of OTC Global Holdings, LP for approximately $330 million.BGC Group, Inc. (NasdaqGS:BGC) entered into a definitive agreement to acquire OTC Global Holdings, LP on October 22, 2024. Under the terms of the agreement, BGC expects to acquire OTC in a substantially all-cash transaction, which is subject to customary closing conditions, including applicable regulatory approvals. For the period ending December 31, 2024, OTC Global Holdings, LP reported total revenue of $400 million. OTC team will join BGC. The transaction is expected to close by the end of the first quarter of 2025. The acquisition of OTC Global are expected to be immediately accretive. Jefferies LLC acted as financial advisor for OTC Global Holdings, LP. Bryan Cave Leighton Paisner LLP acted as legal advisor to BGC Group, Inc. BGC Group, Inc. (NasdaqGS:BGC) completed the acquisition of OTC Global Holdings, LP for approximately $330 million on April 1, 2025.Seeking Alpha • Feb 27BGC Group: Fenics Growth Set To Drive Further UpsideSummary Q4 revenue was up 10.8% year over year, with adjusted earnings up 19%. Looking ahead, margins are expected to rise due to its faster growing, higher margin Fenics electronic trading platform. FMX is showing impressive volume growth, and will be the main growth driver going forward. Fenics alone could be worth more than the current market cap when valued in line with peers, making the current valuation attractive. As a result, I rate BGC stock as a Buy. Read the full article on Seeking AlphaPrice Target Changed • Feb 25Price target increased by 22% to US$14.00Up from US$11.50, the current price target is an average from 2 analysts. New target price is 47% above last closing price of US$9.50. Stock is up 36% over the past year. The company posted earnings per share of US$0.26 last year.Declared Dividend • Feb 20Fourth quarter dividend of US$0.02 announcedShareholders will receive a dividend of US$0.02. Ex-date: 6th March 2025 Payment date: 20th March 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Feb 19+ 1 more updateBGC Group, Inc. Announces Chief Executive Officers ChangesBGC Group, Inc. announced the Board of Directors appointed John Abularrage, JP Aubin, and Sean Windeatt as Co-Chief Executive Officers. Mr. Windeatt will retain his position as Chief Operating Officer, a role he has held since 2009. Howard W. Lutnick, who was confirmed on February 18, 2025 by the United States Senate as the 41st Secretary of Commerce, has stepped down as Chief Executive Officer and Chairman of BGC. Together, as Co-Global Heads of Brokerage, Messrs. Abularrage, Aubin, and Windeatt have overseen the Company's day-to-day operations and helped define and execute its corporate strategy. This includes BGC's organic growth initiatives and strategic acquisitions, which accelerated the Company's expansion and strengthened its market position. Under their joint leadership, BGC has consistently produced double-digit revenue growth and generated record revenues of more than $2.25 billion in 2024. John Abularrage has served as Co-Global Head of Brokerage and Chief Executive Officer of the Americas for BGC Group, where he was responsible for leading, developing, and growing BGC's brokerage business in the region. Mr. Abularrage joined BGC Group in 2021, bringing more than 20 years of financial services experience to the business. Prior to joining the Company, he held various senior positions at TP ICAP, including Head of Global Broking and Chief Executive Officer of the Americas. Prior to that, Mr. Abularrage served as the Chief Executive Officer of North America at Collins Stewart, where he was previously the Head of Equities.JP Aubin has served as Co-Global Head of Brokerage and Chief Executive Officer of EMEA for BGC Group. He was also Global Head for Listed Products, as well as all digital group platforms, and was President of Aurel BGC, the Company's EU subsidiary. Mr. Aubin joined BGC in 2005 and helped drive the company's rapid expansion in Europe, which included the acquisitions of ETC Pollak in 2005 and Aurel in 2006. In 2008, he moved to BGC's New York office, where he became Global Head for Listed Products. Since then, he has been instrumental in developing BGC's voice and electronic broking services in listed products, including equity derivatives, commodities, cash equity, futures and options on futures, and structured products. Mr. Aubin began his broking career with Viel-Tradition Group in 1990, after being part of the Barclays Bank student training program. After trading futures and options for 10 years in both London and Paris, he was promoted to run the company's continental European operations. Mr. Aubin is a board member of the French cultural organization the Réunion des Musées Nationaux, and in 2023 was awarded Commandeur des Arts et des Lettres. Mr. Aubin is also deeply involved in his foundation, the JP Aubin Family Foundation, which focuses on providing children with access to museums and other cultural opportunities. Sean Windeatt has served as BGC's Chief Operating Officer for the past 14 years and was appointed Co-Global Head of Brokerage in 2023. Since 2012, he has also held the role of Chief Executive Officer of BGC's UK business. Based in London, Mr. Windeatt has been with the Company for more than 27 years. He joined Cantor Fitzgerald in 1997 in the Finance Department and, following the tragic events of September 11, 2001, he was instrumental in stabilizing and rebuilding the firm's brokerage operations. With BGC's establishment as an independent company in 2004, he became an integral part of its growth and development. In 2009, he was appointed Chief Operating Officer, overseeing key strategic initiatives, operational efficiencies, and the Company's expansion. His leadership extended further in 2012 when he became CEO of BGC Brokers, L.P., guiding the UK business through a period of growth and transformation. In 2023, he assumed the role of Co-Global Head of Brokerage, further strengthening BGC's position in the industry.お知らせ • Feb 15+ 1 more updateBGC Group, Inc. Provides Earnings Guidance for the First Quarter of 2025BGC Group, Inc. provided earnings guidance for the first quarter of 2025. For the quarter, the company expects revenue to be in the range of $610 million - $660 million.Reported Earnings • Feb 14Full year 2024 earnings released: EPS: US$0.27 (vs US$0.08 in FY 2023)Full year 2024 results: EPS: US$0.27 (up from US$0.08 in FY 2023). Revenue: US$2.17b (up 12% from FY 2023). Net income: US$127.0m (up 273% from FY 2023). Profit margin: 5.8% (up from 1.7% in FY 2023). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.お知らせ • Jan 22BGC Group, Inc. to Report Q4, 2024 Results on Feb 14, 2025BGC Group, Inc. announced that they will report Q4, 2024 results on Feb 14, 2025お知らせ • Jan 01BGC Group Reaffirms Earnings Guidance for the Fourth Quarter of 2024BGC reaffirmed its previously stated outlook ranges for revenue for the fourth quarter of 2024. The Company's outlook was contained in BGC's financial results release issued on October 31, 2024.お知らせ • Dec 05Capitolis Inc. acquired Capitalab from BGC Group, Inc. (NasdaqGS:BGC) for $46 million.Capitolis Inc. acquired Capitalab from BGC Group, Inc. (NasdaqGS:BGC) for $46 million on December 3, 2024. A cash consideration of $46 million will be paid by Capitolis Inc. Gavin Jackson the founder and Chief executive officer of Capitalab will become part of the Capitolis executive team. Capitolis Inc. completed the acquisition of Capitalab from BGC Group, Inc. (NasdaqGS:BGC) for $46 million on December 3, 2024.お知らせ • Dec 03BGC Group, Inc. Appoints Mike Whitaker as Global Chief Information Officer and Member of Executive CommitteeBGC Group, Inc. announced Mike Whitaker has joined as Global Chief Information Officer and a member of its Executive Committee. In this newly created role, Mr. Whitaker will be responsible for developing and implementing a cohesive technology strategy across the company, driving innovation and efficiencies to deliver growth. Mr. Whitaker brings more than 40 years' experience in financial services and technology. He joins BGC from Citi, where he spent 15 years in senior technology management roles and rose to become the firm's Head of Operations & Technology and a member of the Executive Management Team. Prior to joining Citi, Mr. Whitaker worked at Deutsche Bank and Barclays Capital, where his responsibilities included CIO for Global Fixed Income, Global Equities & Prime Finance, eCommerce, and Algorithmic trading functions. He holds a Master of Science degree in financial markets and derivatives from City, University of London.New Risk • Nov 12New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.Seeking Alpha • Nov 12BGC Group: Entering A Growth SpurtSummary BGC Group's growth is driven by investments in technology and electronic trading, with the Fenics business leading the way and expected to continue this trend. Recent acquisitions in commodities, energy, and shipping sectors align with anticipated demand for inflation hedges, enhancing BGC's revenue potential. I project sustainable earnings growth in the double-digits going forward, due to impressive momentum in the Fenics business. Shares are a buy with a price target of $15. Read the full article on Seeking AlphaValuation Update With 7 Day Price Move • Nov 07Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$11.34, the stock trades at a trailing P/E ratio of 47.5x. Average forward P/E is 17x in the Capital Markets industry in the US. Total returns to shareholders of 137% over the past three years.Declared Dividend • Nov 04Third quarter dividend of US$0.02 announcedShareholders will receive a dividend of US$0.02. Ex-date: 21st November 2024 Payment date: 4th December 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: US$0.03 (vs US$0.034 in 3Q 2023)Third quarter 2024 results: EPS: US$0.03 (down from US$0.034 in 3Q 2023). Revenue: US$536.0m (up 16% from 3Q 2023). Net income: US$14.7m (down 7.7% from 3Q 2023). Profit margin: 2.8% (down from 3.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.お知らせ • Oct 07BGC Group, Inc. to Report Q3, 2024 Results on Oct 31, 2024BGC Group, Inc. announced that they will report Q3, 2024 results at 8:00 AM, US Eastern Standard Time on Oct 31, 2024お知らせ • Oct 01BGC Group, Inc. Updates Revenue Outlook for the Quarter Ended September 30, 2024BGC Group, Inc. updated its revenue outlook for the quarter ended September 30, 2024. The company expects to be around the high-end of its previously stated outlook ranges for revenue.お知らせ • Sep 13BGC Group, Inc. FMX Futures Exchange to Launch on September 23, 2024BGC Group, Inc. announced they will launch the highly anticipated FMX Futures Exchange, an exchange for U.S. interest rate futures, the most widely traded futures contracts in the world, on September 23, 2024 at 9:00 p.m. ET., which represents the beginning of the trade date Tuesday, September 24, 2024. FMX will initially launch with SOFR futures and will add U.S. treasury futures in the first quarter of 2025. FMX expects to provide clients with significant capital savings through its clearing partnership with LCH Limited, a fully approved CFTC Derivatives Clearing Organization and one of the largest clearers of interest rate swaps in the world. LCH has $225 billion of interest rate swap collateral securing its interest rate swaps, against which LCH members expect to cross margin eligible U.S. interest rate futures traded on FMX Futures Exchange. FMX Futures Exchange is a part of FMX Holdings LLC, which includes the world's fastest growing cash U.S. Treasuries marketplace and rapidly growing spot Foreign Exchange platform. Bank of America, Barclays, Citadel Securities, Citi, Goldman Sachs, J.P. Morgan, Jump Trading Group, Morgan Stanley, Tower Research Capital, and Wells Fargo are equity owners of FMX Holdings LLC.Declared Dividend • Aug 02Second quarter dividend of US$0.02 announcedShareholders will receive a dividend of US$0.02. Ex-date: 19th August 2024 Payment date: 3rd September 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.Reported Earnings • Aug 01Second quarter 2024 earnings released: EPS: US$0.076 (vs US$0.05 loss in 2Q 2023)Second quarter 2024 results: EPS: US$0.076 (up from US$0.05 loss in 2Q 2023). Revenue: US$529.2m (up 12% from 2Q 2023). Net income: US$36.1m (up US$55.8m from 2Q 2023). Profit margin: 6.8% (up from net loss in 2Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.お知らせ • Jul 10BGC Group, Inc. to Report Q2, 2024 Results on Jul 30, 2024BGC Group, Inc. announced that they will report Q2, 2024 results at 8:00 AM, US Eastern Standard Time on Jul 30, 2024お知らせ • Jul 01BGC Group, Inc., Annual General Meeting, Sep 16, 2024BGC Group, Inc., Annual General Meeting, Sep 16, 2024.お知らせ • Jun 28BGC Group, Inc. Reaffirms Earnings Guidance for the Second Quarter of 2024BGC Group, Inc. reaffirmed earnings guidance for the second quarter of 2024. BGC reaffirmed its previously stated outlook ranges for revenue for the second quarter of 2024. The Company's outlook was contained in BGC's financial results press release issued on April 30, 2024,.New Risk • May 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 48% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.6% per year over the past 5 years. Minor Risks High level of debt (63% net debt to equity). Large one-off items impacting financial results. Shareholders have been diluted in the past year (8.7% increase in shares outstanding).Price Target Changed • May 06Price target increased by 18% to US$10.00Up from US$8.50, the current price target is provided by 1 analyst. New target price is 14% above last closing price of US$8.75. Stock is up 111% over the past year. The company posted earnings per share of US$0.08 last year.Declared Dividend • May 05First quarter dividend of US$0.02 announcedShareholders will receive a dividend of US$0.02. Ex-date: 20th May 2024 Payment date: 4th June 2024 Dividend yield will be 0.6%, which is lower than the industry average of 2.4%. Payout Ratios Payout ratio: 50%. Cash payout ratio: 6%.Reported Earnings • May 01First quarter 2024 earnings released: EPS: US$0.10 (vs US$0.051 in 1Q 2023)First quarter 2024 results: EPS: US$0.10 (up from US$0.051 in 1Q 2023). Revenue: US$558.5m (up 8.0% from 1Q 2023). Net income: US$49.2m (up 159% from 1Q 2023). Profit margin: 8.8% (up from 3.7% in 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Price Target Changed • Apr 12Price target increased by 13% to US$9.00Up from US$8.00, the current price target is provided by 1 analyst. New target price is 16% above last closing price of US$7.75. Stock is up 77% over the past year. The company posted earnings per share of US$0.08 last year.お知らせ • Apr 04BGC Group, Inc. to Report Q1, 2024 Results on Apr 30, 2024BGC Group, Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 30, 2024Upcoming Dividend • Feb 26Upcoming dividend of US$0.01 per shareEligible shareholders must have bought the stock before 04 March 2024. Payment date: 19 March 2024. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (2.3%).Declared Dividend • Feb 16Fourth quarter dividend of US$0.01 announcedDividend of US$0.01 is the same as last year. Ex-date: 4th March 2024 Payment date: 19th March 2024 Dividend yield will be 0.5%, which is lower than the industry average of 2.4%. Payout Ratios Payout ratio: 50%. Cash payout ratio: 8%.Reported Earnings • Feb 16Full year 2023 earnings released: EPS: US$0.08 (vs US$0.13 in FY 2022)Full year 2023 results: EPS: US$0.08 (down from US$0.13 in FY 2022). Revenue: US$1.95b (up 12% from FY 2022). Net income: US$34.1m (down 30% from FY 2022). Profit margin: 1.7% (down from 2.8% in FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Price Target Changed • Feb 16Price target increased by 13% to US$8.50Up from US$7.50, the current price target is provided by 1 analyst. New target price is 18% above last closing price of US$7.20. Stock is up 62% over the past year. The company posted earnings per share of US$0.08 last year.お知らせ • Feb 15+ 1 more updateBGC Group, Inc. Declares Quarterly Qualified Cash Dividend, Payable on March 19, 2024On February 13, 2024, BGC Group, Inc.’s Board of Directors declared a quarterly qualified cash dividend of $0.01 per share payable on March 19, 2024 to Class A and Class B common stockholders of record as of March 5, 2024. The ex-dividend date will be March 4, 2024.お知らせ • Jan 23BGC Group, Inc. Announces Commodity Futures Trading Commission Approval for FMX Futures ExchangeBGC Group, Inc. announced that its FMX Futures Exchange received Commodity Futures Trading Commission (CFTC) approval to operate an exchange for U.S.Treasury and SOFR futures, the most widely traded futures contracts in the world, for trading on FMX. FMX's clearing agreement with LCH SwapClear, one of the largest holders of interest rate collateral in the world, uniquely positions FMX to compete and reshape the U.S. interest rate market.お知らせ • Jan 09BGC Group, Inc. to Report Q4, 2023 Results on Feb 14, 2024BGC Group, Inc. announced that they will report Q4, 2023 results at 8:00 AM, US Eastern Standard Time on Feb 14, 2024お知らせ • Dec 30BGC Group, Inc. Updates Earnings Guidance for the Fourth Quarter Ending December 31, 2023BGC Group, Inc. updated earnings guidance for the fourth quarter ending December 31, 2023. for the quarter, the company expects to be around the high-end of its previously stated outlook ranges for revenue.Upcoming Dividend • Nov 09Upcoming dividend of US$0.01 per share at 0.6% yieldEligible shareholders must have bought the stock before 16 November 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (2.8%).New Risk • Nov 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding).お知らせ • Oct 31+ 1 more updateBGC Group, Inc. Declares Quarterly Qualified Cash Dividend, Payable on December 1, 2023On October 27, 2023, BGC Group, Inc.’s Board of Directors declared a quarterly qualified cash dividend of $0.01 per share payable on December 1, 2023 to Class A and Class B common stockholders of record as of November 17, 2023. The ex-dividend date will be November 16, 2023.Reported Earnings • Oct 30Third quarter 2023 earnings released: EPS: US$0.036 (vs US$0.016 in 3Q 2022)Third quarter 2023 results: EPS: US$0.036 (up from US$0.016 in 3Q 2022). Revenue: US$461.9m (up 15% from 3Q 2022). Net income: US$17.0m (up 196% from 3Q 2022). Profit margin: 3.7% (up from 1.4% in 3Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.お知らせ • Oct 06BGC Group, Inc. to Report Q3, 2023 Results on Oct 30, 2023BGC Group, Inc. announced that they will report Q3, 2023 results Pre-Market on Oct 30, 2023お知らせ • Sep 30BGC Group, Inc., Annual General Meeting, Nov 14, 2023BGC Group, Inc., Annual General Meeting, Nov 14, 2023, at 10:00 US Eastern Standard Time. Agenda: To elect five directors to hold office until the next Annual Meeting and until their successors are duly elected and qualified; to hold a vote on the ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023; to hold an advisory vote on executive compensation; and to transact such other business as may properly come before the Annual Meeting and any adjournment or postponement thereof.Upcoming Dividend • Aug 14Upcoming dividend of US$0.01 per share at 0.8% yieldEligible shareholders must have bought the stock before 21 August 2023. Payment date: 05 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.8%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.7%).New Risk • Aug 03New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding).Reported Earnings • Aug 03Second quarter 2023 earnings released: US$0.05 loss per share (vs US$0.039 profit in 2Q 2022)Second quarter 2023 results: US$0.05 loss per share (down from US$0.039 profit in 2Q 2022). Revenue: US$473.2m (up 12% from 2Q 2022). Net loss: US$19.7m (down 234% from profit in 2Q 2022). Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 01BGC Group, Inc. Announces Executive ChangesBGC Group, Inc. announced the addition of a Weather Derivatives Team with the hire of Nicholas and Eric Ernst. Nicholas joins the firm as Managing Director, BGC Weather Derivatives while Eric joins as Weather Broker. Nicholas Ernst brings with him over 20 years of experience in the weather derivatives and risk transfer space. Prior to joining BGC, he served as Managing Director, Weather Markets at ICAP. Additionally, Nicholas spent time in similar roles at OTC Global and Evolutions Markets. Before joining BGC, Eric Ernst served as a Weather Broker at ICAP. Prior to that, Eric held various roles at Choice Energy and spent three years in the renewable energy sector.財務状況分析短期負債: BGCの 短期資産 ( $3.8B ) が 短期負債 ( $2.6B ) を超えています。長期負債: BGCの短期資産 ( $3.8B ) が 長期負債 ( $2.0B ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: BGCの 純負債対資本比率 ( 68.9% ) は 高い と見なされます。負債の削減: BGCの負債対資本比率は、過去 5 年間で147.9%から139.7%に減少しました。債務返済能力: BGCの負債は 営業キャッシュフロー によって 十分にカバー されています ( 23.3% )。インタレストカバレッジ: BGCの負債に対する 利息支払い が EBIT によって 十分にカバーされている かどうかを判断するにはデータが不十分です。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YDiversified-financials 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/11 07:02終値2026/06/11 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋BGC Group, Inc. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。7 アナリスト機関Jacqueline DupuisBMO Capital Markets Equity ResearchElias AbboudBofA Global ResearchDaniel HarrisGoldman Sachs4 その他のアナリストを表示
ライブニュース • Jun 05BGC Group Q1 Revenue Rises 44% as Energy and Electronic Trading ExpandBGC Group reported Q1 revenue that was 44% higher, supported by organic growth, acquisitions and electronic trading activity. The energy and shipping businesses are now a larger part of the revenue mix, with management signaling plans for further expansion in these areas. The company is putting more emphasis on FMX, data monetization and partnerships with non-bank liquidity providers as areas it expects to drive future growth. The pivot toward electronic trading, data and non-bank liquidity partnerships suggests BGC is leaning into areas where scale, technology and information content can matter more than balance sheet size. Investors may want to watch how quickly FMX and the enlarged energy and shipping operations contribute to overall revenue and whether the cost of acquisitions and platform investments affects profitability.
Declared Dividend • May 15First quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 27th May 2026 Payment date: 10th June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 2.4%. Payout Ratios Payout ratio: 22%. Cash payout ratio: 11%.
Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$0.18 (vs US$0.11 in 1Q 2025)First quarter 2026 results: EPS: US$0.18 (up from US$0.11 in 1Q 2025). Revenue: US$923.0m (up 44% from 1Q 2025). Net income: US$84.1m (up 59% from 1Q 2025). Profit margin: 9.1% (up from 8.3% in 1Q 2025). Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 09BGC Group, Inc. to Report Q1, 2026 Results on May 07, 2026BGC Group, Inc. announced that they will report Q1, 2026 results at 8:00 AM, US Eastern Standard Time on May 07, 2026
お知らせ • Mar 27BGC Group, Inc. Updates Earnings Guidance for the First Quarter Ending March 31, 2026BGC Group, Inc. updated earnings guidance for the first quarter ending March 31, 2026. For the quarter, the company expects to be slightly above the high end of its previously stated outlook range for revenue. The Company’s outlook was contained in BGC’s financial results press release issued on February 12, 2026.
Seeking Alpha • Mar 13BGC Group: FMX Expansion Is Transforming The Business, But Expectations Are Already HighSummary BGC Group achieved record 2025 revenues of $2.94 billion, driven by 30% growth and successful OTC Global Holdings integration. The FMX platform captured 40% of the US Treasury bond market share, positioning BGC as a leading electronic exchange operator versus CME Group. Current valuation (P/E ~29x) reflects high expectations for FMX's continued success, with forward P/E at 7-8x and free cash flow yield of 10.5%. Key risks include FMX's ability to sustain growth, high staff costs, competitive pressures, and sensitivity to trading volumes and macroeconomic cycles. Read the full article on Seeking Alpha
Declared Dividend • Feb 17Fourth quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 4th March 2026 Payment date: 18th March 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 13Full year 2025 earnings released: EPS: US$0.33 (vs US$0.26 in FY 2024)Full year 2025 results: EPS: US$0.33 (up from US$0.26 in FY 2024). Revenue: US$2.82b (up 30% from FY 2024). Net income: US$155.0m (up 28% from FY 2024). Profit margin: 5.5% (down from 5.6% in FY 2024). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 27BGC Group, Inc. Authorized as an FCA-Registered Benchmark AdministratorBGC Group, Inc. announced that BGC Brokers L.P. is now authorized as a U.K. registered benchmark administrator licensee with the U.K. Financial Conduct Authority (FCA) under the U.K. Benchmarks Regulation. BGC’s approved benchmark offering includes swaps pricing in EUR IRS, GBP IRS, & XCCY swaps, and EU and U.K. Inflation swaps. This enhancement provides clients with an FCA regulated reference page, improved data quality, and a strong alternative benchmark solution for their issuance activities. This wider range of approved products strengthens the company's value proposition and ability to support issuance workflows.
お知らせ • Jan 12BGC Group, Inc. to Report Q4, 2025 Results on Feb 12, 2026BGC Group, Inc. announced that they will report Q4, 2025 results at 8:00 AM, US Eastern Standard Time on Feb 12, 2026
お知らせ • Jan 07smartTrade Technologies SAS acquired kACE Financial from BGC Group, Inc. (NasdaqGS:BGC).SmartTrade Technologies SAS entered into a definitive agreement to acquire kACE Financial from BGC Group, Inc. (NasdaqGS:BGC) for approximately $120 million on December 11, 2025. Under the terms of the deal, kACE is valued up to $119 million, subject to limited post-closing adjustments. This includes an initial payment of $80 million, with up to an additional $39 million in contingent cash consideration based on defined performance metrics some of which is expected to be received in 2026. The transaction is expected to close by end of year 2025, subject to customary closing conditions. SmartTrade Technologies SAS completed the acquisition of kACE Financial from BGC Group, Inc. (NasdaqGS:BGC) on January 6, 2026.
New Risk • Nov 20New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$286k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (78% net debt to equity). Significant insider selling over the past 3 months (US$286k sold).
分析記事 • Nov 09BGC Group's (NASDAQ:BGC) Dividend Will Be $0.02The board of BGC Group, Inc. ( NASDAQ:BGC ) has announced that it will pay a dividend on the 10th of December, with...
Declared Dividend • Nov 09Third quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 26th November 2025 Payment date: 10th December 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 37% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 07BGC Group, Inc. announces Quarterly dividend, payable on December 10, 2025BGC Group, Inc. announced Quarterly dividend of USD 0.0200 per share payable on December 10, 2025, ex-date on November 26, 2025 and record date on November 26, 2025.
Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: US$0.059 (vs US$0.03 in 3Q 2024)Third quarter 2025 results: EPS: US$0.059 (up from US$0.03 in 3Q 2024). Revenue: US$703.0m (up 31% from 3Q 2024). Net income: US$27.9m (up 97% from 3Q 2024). Profit margin: 4.0% (up from 2.6% in 3Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 31% per year.
お知らせ • Oct 07BGC Group, Inc. to Report Q3, 2025 Results on Nov 06, 2025BGC Group, Inc. announced that they will report Q3, 2025 results at 8:00 AM, US Eastern Standard Time on Nov 06, 2025
お知らせ • Oct 06BGC Group, Inc. (NasdaqGS:BGC) acquired Macro Hive Limited.BGC Group, Inc. (NasdaqGS:BGC) acquired Macro Hive Limited on October 6, 2025. BGC Group, Inc. (NasdaqGS:BGC) completed the acquisition of Macro Hive Limited on October 6, 2025.
お知らせ • Oct 01BGC Group, Inc., Annual General Meeting, Nov 12, 2025BGC Group, Inc., Annual General Meeting, Nov 12, 2025.
お知らせ • Sep 18BGC Group, Inc. Launches Opti Match First Fully Electronic Platform for U.S. Dollar SwapsBGC Group, Inc. announced the launch of Opti Match, the company's new fully electronic trading platform for U.S. dollar swaps offered through BGC Derivatives Markets, L.P. Institutional investors can access Opti Match either directly if they are SEF Participants or through their BGC or GFI broker. The Opti Match is designed to streamline execution, enhance transparency, and deliver superior liquidity across the U.S. dollar swaps landscape and will initially support a comprehensive suite of products, including: SOFR Flies & Spreads; SOFR Feds Basis Term & FOMC; FOMC Rates SOFR & OIS; CME/LCH Outrights & Switches.
New Risk • Aug 24New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$464k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (84% net debt to equity). Significant insider selling over the past 3 months (US$464k sold).
分析記事 • Aug 05BGC Group (NASDAQ:BGC) Has Announced A Dividend Of $0.02The board of BGC Group, Inc. ( NASDAQ:BGC ) has announced that it will pay a dividend of $0.02 per share on the 3rd of...
Declared Dividend • Aug 04Second quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 20th August 2025 Payment date: 3rd September 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 67% over the next year, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 01Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: US$0.12 (up from US$0.076 in 2Q 2024). Revenue: US$750.2m (up 42% from 2Q 2024). Net income: US$57.5m (up 60% from 2Q 2024). Profit margin: 7.7% (up from 6.8% in 2Q 2024). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 65%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Jul 18BGC Group, Inc.'s (NASDAQ:BGC) Price In Tune With EarningsBGC Group, Inc.'s ( NASDAQ:BGC ) price-to-earnings (or "P/E") ratio of 38.1x might make it look like a strong sell...
お知らせ • Jul 03BGC Group, Inc. to Report Q2, 2025 Results on Jul 31, 2025BGC Group, Inc. announced that they will report Q2, 2025 results at 8:00 AM, US Eastern Standard Time on Jul 31, 2025
お知らせ • Jul 01BGC Group, Inc. Updates Earnings Guidance for the Second Quarter Ended June 30, 2025BGC Group, Inc. updated earnings guidance for the second quarter ended June 30, 2025. For the period, the company expects to be slightly above its previously stated outlook ranges for revenue.
お知らせ • Jun 30+ 4 more updatesBGC Group, Inc.(NasdaqGS:BGC) dropped from Russell 3000 Value IndexBGC Group, Inc.(NasdaqGS:BGC) dropped from Russell 3000 Value Index
新しいナラティブ • Jun 08Acquisition And Automation Investments Will Redefine Global Electronic Trading The acquisition of OTC Global Holdings and strategic expansion into electronic trading and data services are driving significant growth, scale, and profitability.
Declared Dividend • May 12First quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 27th May 2025 Payment date: 10th June 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 08First quarter 2025 earnings released: EPS: US$0.12 (vs US$0.099 in 1Q 2024)First quarter 2025 results: EPS: US$0.12 (up from US$0.099 in 1Q 2024). Revenue: US$639.6m (up 14% from 1Q 2024). Net income: US$55.2m (up 19% from 1Q 2024). Profit margin: 8.6% (up from 8.3% in 1Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings.
お知らせ • May 07BGC Group, Inc. Declares Quarterly DividendBGC Group, Inc. declared quarterly dividend of 2 cents per share.
お知らせ • Apr 08BGC Group, Inc. to Report Q1, 2025 Results on May 07, 2025BGC Group, Inc. announced that they will report Q1, 2025 results at 8:00 AM, Eastern Standard Time on May 07, 2025
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$7.79, the stock trades at a trailing P/E ratio of 31x. Average forward P/E is 13x in the Capital Markets industry in the US. Total returns to shareholders of 103% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$4.27 per share.
お知らせ • Apr 02BGC Group, Inc. (NasdaqGS:BGC) completed the acquisition of OTC Global Holdings, LP for approximately $330 million.BGC Group, Inc. (NasdaqGS:BGC) entered into a definitive agreement to acquire OTC Global Holdings, LP on October 22, 2024. Under the terms of the agreement, BGC expects to acquire OTC in a substantially all-cash transaction, which is subject to customary closing conditions, including applicable regulatory approvals. For the period ending December 31, 2024, OTC Global Holdings, LP reported total revenue of $400 million. OTC team will join BGC. The transaction is expected to close by the end of the first quarter of 2025. The acquisition of OTC Global are expected to be immediately accretive. Jefferies LLC acted as financial advisor for OTC Global Holdings, LP. Bryan Cave Leighton Paisner LLP acted as legal advisor to BGC Group, Inc. BGC Group, Inc. (NasdaqGS:BGC) completed the acquisition of OTC Global Holdings, LP for approximately $330 million on April 1, 2025.
Seeking Alpha • Feb 27BGC Group: Fenics Growth Set To Drive Further UpsideSummary Q4 revenue was up 10.8% year over year, with adjusted earnings up 19%. Looking ahead, margins are expected to rise due to its faster growing, higher margin Fenics electronic trading platform. FMX is showing impressive volume growth, and will be the main growth driver going forward. Fenics alone could be worth more than the current market cap when valued in line with peers, making the current valuation attractive. As a result, I rate BGC stock as a Buy. Read the full article on Seeking Alpha
Price Target Changed • Feb 25Price target increased by 22% to US$14.00Up from US$11.50, the current price target is an average from 2 analysts. New target price is 47% above last closing price of US$9.50. Stock is up 36% over the past year. The company posted earnings per share of US$0.26 last year.
Declared Dividend • Feb 20Fourth quarter dividend of US$0.02 announcedShareholders will receive a dividend of US$0.02. Ex-date: 6th March 2025 Payment date: 20th March 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 19+ 1 more updateBGC Group, Inc. Announces Chief Executive Officers ChangesBGC Group, Inc. announced the Board of Directors appointed John Abularrage, JP Aubin, and Sean Windeatt as Co-Chief Executive Officers. Mr. Windeatt will retain his position as Chief Operating Officer, a role he has held since 2009. Howard W. Lutnick, who was confirmed on February 18, 2025 by the United States Senate as the 41st Secretary of Commerce, has stepped down as Chief Executive Officer and Chairman of BGC. Together, as Co-Global Heads of Brokerage, Messrs. Abularrage, Aubin, and Windeatt have overseen the Company's day-to-day operations and helped define and execute its corporate strategy. This includes BGC's organic growth initiatives and strategic acquisitions, which accelerated the Company's expansion and strengthened its market position. Under their joint leadership, BGC has consistently produced double-digit revenue growth and generated record revenues of more than $2.25 billion in 2024. John Abularrage has served as Co-Global Head of Brokerage and Chief Executive Officer of the Americas for BGC Group, where he was responsible for leading, developing, and growing BGC's brokerage business in the region. Mr. Abularrage joined BGC Group in 2021, bringing more than 20 years of financial services experience to the business. Prior to joining the Company, he held various senior positions at TP ICAP, including Head of Global Broking and Chief Executive Officer of the Americas. Prior to that, Mr. Abularrage served as the Chief Executive Officer of North America at Collins Stewart, where he was previously the Head of Equities.JP Aubin has served as Co-Global Head of Brokerage and Chief Executive Officer of EMEA for BGC Group. He was also Global Head for Listed Products, as well as all digital group platforms, and was President of Aurel BGC, the Company's EU subsidiary. Mr. Aubin joined BGC in 2005 and helped drive the company's rapid expansion in Europe, which included the acquisitions of ETC Pollak in 2005 and Aurel in 2006. In 2008, he moved to BGC's New York office, where he became Global Head for Listed Products. Since then, he has been instrumental in developing BGC's voice and electronic broking services in listed products, including equity derivatives, commodities, cash equity, futures and options on futures, and structured products. Mr. Aubin began his broking career with Viel-Tradition Group in 1990, after being part of the Barclays Bank student training program. After trading futures and options for 10 years in both London and Paris, he was promoted to run the company's continental European operations. Mr. Aubin is a board member of the French cultural organization the Réunion des Musées Nationaux, and in 2023 was awarded Commandeur des Arts et des Lettres. Mr. Aubin is also deeply involved in his foundation, the JP Aubin Family Foundation, which focuses on providing children with access to museums and other cultural opportunities. Sean Windeatt has served as BGC's Chief Operating Officer for the past 14 years and was appointed Co-Global Head of Brokerage in 2023. Since 2012, he has also held the role of Chief Executive Officer of BGC's UK business. Based in London, Mr. Windeatt has been with the Company for more than 27 years. He joined Cantor Fitzgerald in 1997 in the Finance Department and, following the tragic events of September 11, 2001, he was instrumental in stabilizing and rebuilding the firm's brokerage operations. With BGC's establishment as an independent company in 2004, he became an integral part of its growth and development. In 2009, he was appointed Chief Operating Officer, overseeing key strategic initiatives, operational efficiencies, and the Company's expansion. His leadership extended further in 2012 when he became CEO of BGC Brokers, L.P., guiding the UK business through a period of growth and transformation. In 2023, he assumed the role of Co-Global Head of Brokerage, further strengthening BGC's position in the industry.
お知らせ • Feb 15+ 1 more updateBGC Group, Inc. Provides Earnings Guidance for the First Quarter of 2025BGC Group, Inc. provided earnings guidance for the first quarter of 2025. For the quarter, the company expects revenue to be in the range of $610 million - $660 million.
Reported Earnings • Feb 14Full year 2024 earnings released: EPS: US$0.27 (vs US$0.08 in FY 2023)Full year 2024 results: EPS: US$0.27 (up from US$0.08 in FY 2023). Revenue: US$2.17b (up 12% from FY 2023). Net income: US$127.0m (up 273% from FY 2023). Profit margin: 5.8% (up from 1.7% in FY 2023). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.
お知らせ • Jan 22BGC Group, Inc. to Report Q4, 2024 Results on Feb 14, 2025BGC Group, Inc. announced that they will report Q4, 2024 results on Feb 14, 2025
お知らせ • Jan 01BGC Group Reaffirms Earnings Guidance for the Fourth Quarter of 2024BGC reaffirmed its previously stated outlook ranges for revenue for the fourth quarter of 2024. The Company's outlook was contained in BGC's financial results release issued on October 31, 2024.
お知らせ • Dec 05Capitolis Inc. acquired Capitalab from BGC Group, Inc. (NasdaqGS:BGC) for $46 million.Capitolis Inc. acquired Capitalab from BGC Group, Inc. (NasdaqGS:BGC) for $46 million on December 3, 2024. A cash consideration of $46 million will be paid by Capitolis Inc. Gavin Jackson the founder and Chief executive officer of Capitalab will become part of the Capitolis executive team. Capitolis Inc. completed the acquisition of Capitalab from BGC Group, Inc. (NasdaqGS:BGC) for $46 million on December 3, 2024.
お知らせ • Dec 03BGC Group, Inc. Appoints Mike Whitaker as Global Chief Information Officer and Member of Executive CommitteeBGC Group, Inc. announced Mike Whitaker has joined as Global Chief Information Officer and a member of its Executive Committee. In this newly created role, Mr. Whitaker will be responsible for developing and implementing a cohesive technology strategy across the company, driving innovation and efficiencies to deliver growth. Mr. Whitaker brings more than 40 years' experience in financial services and technology. He joins BGC from Citi, where he spent 15 years in senior technology management roles and rose to become the firm's Head of Operations & Technology and a member of the Executive Management Team. Prior to joining Citi, Mr. Whitaker worked at Deutsche Bank and Barclays Capital, where his responsibilities included CIO for Global Fixed Income, Global Equities & Prime Finance, eCommerce, and Algorithmic trading functions. He holds a Master of Science degree in financial markets and derivatives from City, University of London.
New Risk • Nov 12New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.
Seeking Alpha • Nov 12BGC Group: Entering A Growth SpurtSummary BGC Group's growth is driven by investments in technology and electronic trading, with the Fenics business leading the way and expected to continue this trend. Recent acquisitions in commodities, energy, and shipping sectors align with anticipated demand for inflation hedges, enhancing BGC's revenue potential. I project sustainable earnings growth in the double-digits going forward, due to impressive momentum in the Fenics business. Shares are a buy with a price target of $15. Read the full article on Seeking Alpha
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$11.34, the stock trades at a trailing P/E ratio of 47.5x. Average forward P/E is 17x in the Capital Markets industry in the US. Total returns to shareholders of 137% over the past three years.
Declared Dividend • Nov 04Third quarter dividend of US$0.02 announcedShareholders will receive a dividend of US$0.02. Ex-date: 21st November 2024 Payment date: 4th December 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: US$0.03 (vs US$0.034 in 3Q 2023)Third quarter 2024 results: EPS: US$0.03 (down from US$0.034 in 3Q 2023). Revenue: US$536.0m (up 16% from 3Q 2023). Net income: US$14.7m (down 7.7% from 3Q 2023). Profit margin: 2.8% (down from 3.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
お知らせ • Oct 07BGC Group, Inc. to Report Q3, 2024 Results on Oct 31, 2024BGC Group, Inc. announced that they will report Q3, 2024 results at 8:00 AM, US Eastern Standard Time on Oct 31, 2024
お知らせ • Oct 01BGC Group, Inc. Updates Revenue Outlook for the Quarter Ended September 30, 2024BGC Group, Inc. updated its revenue outlook for the quarter ended September 30, 2024. The company expects to be around the high-end of its previously stated outlook ranges for revenue.
お知らせ • Sep 13BGC Group, Inc. FMX Futures Exchange to Launch on September 23, 2024BGC Group, Inc. announced they will launch the highly anticipated FMX Futures Exchange, an exchange for U.S. interest rate futures, the most widely traded futures contracts in the world, on September 23, 2024 at 9:00 p.m. ET., which represents the beginning of the trade date Tuesday, September 24, 2024. FMX will initially launch with SOFR futures and will add U.S. treasury futures in the first quarter of 2025. FMX expects to provide clients with significant capital savings through its clearing partnership with LCH Limited, a fully approved CFTC Derivatives Clearing Organization and one of the largest clearers of interest rate swaps in the world. LCH has $225 billion of interest rate swap collateral securing its interest rate swaps, against which LCH members expect to cross margin eligible U.S. interest rate futures traded on FMX Futures Exchange. FMX Futures Exchange is a part of FMX Holdings LLC, which includes the world's fastest growing cash U.S. Treasuries marketplace and rapidly growing spot Foreign Exchange platform. Bank of America, Barclays, Citadel Securities, Citi, Goldman Sachs, J.P. Morgan, Jump Trading Group, Morgan Stanley, Tower Research Capital, and Wells Fargo are equity owners of FMX Holdings LLC.
Declared Dividend • Aug 02Second quarter dividend of US$0.02 announcedShareholders will receive a dividend of US$0.02. Ex-date: 19th August 2024 Payment date: 3rd September 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.
Reported Earnings • Aug 01Second quarter 2024 earnings released: EPS: US$0.076 (vs US$0.05 loss in 2Q 2023)Second quarter 2024 results: EPS: US$0.076 (up from US$0.05 loss in 2Q 2023). Revenue: US$529.2m (up 12% from 2Q 2023). Net income: US$36.1m (up US$55.8m from 2Q 2023). Profit margin: 6.8% (up from net loss in 2Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
お知らせ • Jul 10BGC Group, Inc. to Report Q2, 2024 Results on Jul 30, 2024BGC Group, Inc. announced that they will report Q2, 2024 results at 8:00 AM, US Eastern Standard Time on Jul 30, 2024
お知らせ • Jul 01BGC Group, Inc., Annual General Meeting, Sep 16, 2024BGC Group, Inc., Annual General Meeting, Sep 16, 2024.
お知らせ • Jun 28BGC Group, Inc. Reaffirms Earnings Guidance for the Second Quarter of 2024BGC Group, Inc. reaffirmed earnings guidance for the second quarter of 2024. BGC reaffirmed its previously stated outlook ranges for revenue for the second quarter of 2024. The Company's outlook was contained in BGC's financial results press release issued on April 30, 2024,.
New Risk • May 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 48% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.6% per year over the past 5 years. Minor Risks High level of debt (63% net debt to equity). Large one-off items impacting financial results. Shareholders have been diluted in the past year (8.7% increase in shares outstanding).
Price Target Changed • May 06Price target increased by 18% to US$10.00Up from US$8.50, the current price target is provided by 1 analyst. New target price is 14% above last closing price of US$8.75. Stock is up 111% over the past year. The company posted earnings per share of US$0.08 last year.
Declared Dividend • May 05First quarter dividend of US$0.02 announcedShareholders will receive a dividend of US$0.02. Ex-date: 20th May 2024 Payment date: 4th June 2024 Dividend yield will be 0.6%, which is lower than the industry average of 2.4%. Payout Ratios Payout ratio: 50%. Cash payout ratio: 6%.
Reported Earnings • May 01First quarter 2024 earnings released: EPS: US$0.10 (vs US$0.051 in 1Q 2023)First quarter 2024 results: EPS: US$0.10 (up from US$0.051 in 1Q 2023). Revenue: US$558.5m (up 8.0% from 1Q 2023). Net income: US$49.2m (up 159% from 1Q 2023). Profit margin: 8.8% (up from 3.7% in 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Price Target Changed • Apr 12Price target increased by 13% to US$9.00Up from US$8.00, the current price target is provided by 1 analyst. New target price is 16% above last closing price of US$7.75. Stock is up 77% over the past year. The company posted earnings per share of US$0.08 last year.
お知らせ • Apr 04BGC Group, Inc. to Report Q1, 2024 Results on Apr 30, 2024BGC Group, Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 30, 2024
Upcoming Dividend • Feb 26Upcoming dividend of US$0.01 per shareEligible shareholders must have bought the stock before 04 March 2024. Payment date: 19 March 2024. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (2.3%).
Declared Dividend • Feb 16Fourth quarter dividend of US$0.01 announcedDividend of US$0.01 is the same as last year. Ex-date: 4th March 2024 Payment date: 19th March 2024 Dividend yield will be 0.5%, which is lower than the industry average of 2.4%. Payout Ratios Payout ratio: 50%. Cash payout ratio: 8%.
Reported Earnings • Feb 16Full year 2023 earnings released: EPS: US$0.08 (vs US$0.13 in FY 2022)Full year 2023 results: EPS: US$0.08 (down from US$0.13 in FY 2022). Revenue: US$1.95b (up 12% from FY 2022). Net income: US$34.1m (down 30% from FY 2022). Profit margin: 1.7% (down from 2.8% in FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Price Target Changed • Feb 16Price target increased by 13% to US$8.50Up from US$7.50, the current price target is provided by 1 analyst. New target price is 18% above last closing price of US$7.20. Stock is up 62% over the past year. The company posted earnings per share of US$0.08 last year.
お知らせ • Feb 15+ 1 more updateBGC Group, Inc. Declares Quarterly Qualified Cash Dividend, Payable on March 19, 2024On February 13, 2024, BGC Group, Inc.’s Board of Directors declared a quarterly qualified cash dividend of $0.01 per share payable on March 19, 2024 to Class A and Class B common stockholders of record as of March 5, 2024. The ex-dividend date will be March 4, 2024.
お知らせ • Jan 23BGC Group, Inc. Announces Commodity Futures Trading Commission Approval for FMX Futures ExchangeBGC Group, Inc. announced that its FMX Futures Exchange received Commodity Futures Trading Commission (CFTC) approval to operate an exchange for U.S.Treasury and SOFR futures, the most widely traded futures contracts in the world, for trading on FMX. FMX's clearing agreement with LCH SwapClear, one of the largest holders of interest rate collateral in the world, uniquely positions FMX to compete and reshape the U.S. interest rate market.
お知らせ • Jan 09BGC Group, Inc. to Report Q4, 2023 Results on Feb 14, 2024BGC Group, Inc. announced that they will report Q4, 2023 results at 8:00 AM, US Eastern Standard Time on Feb 14, 2024
お知らせ • Dec 30BGC Group, Inc. Updates Earnings Guidance for the Fourth Quarter Ending December 31, 2023BGC Group, Inc. updated earnings guidance for the fourth quarter ending December 31, 2023. for the quarter, the company expects to be around the high-end of its previously stated outlook ranges for revenue.
Upcoming Dividend • Nov 09Upcoming dividend of US$0.01 per share at 0.6% yieldEligible shareholders must have bought the stock before 16 November 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (2.8%).
New Risk • Nov 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding).
お知らせ • Oct 31+ 1 more updateBGC Group, Inc. Declares Quarterly Qualified Cash Dividend, Payable on December 1, 2023On October 27, 2023, BGC Group, Inc.’s Board of Directors declared a quarterly qualified cash dividend of $0.01 per share payable on December 1, 2023 to Class A and Class B common stockholders of record as of November 17, 2023. The ex-dividend date will be November 16, 2023.
Reported Earnings • Oct 30Third quarter 2023 earnings released: EPS: US$0.036 (vs US$0.016 in 3Q 2022)Third quarter 2023 results: EPS: US$0.036 (up from US$0.016 in 3Q 2022). Revenue: US$461.9m (up 15% from 3Q 2022). Net income: US$17.0m (up 196% from 3Q 2022). Profit margin: 3.7% (up from 1.4% in 3Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
お知らせ • Oct 06BGC Group, Inc. to Report Q3, 2023 Results on Oct 30, 2023BGC Group, Inc. announced that they will report Q3, 2023 results Pre-Market on Oct 30, 2023
お知らせ • Sep 30BGC Group, Inc., Annual General Meeting, Nov 14, 2023BGC Group, Inc., Annual General Meeting, Nov 14, 2023, at 10:00 US Eastern Standard Time. Agenda: To elect five directors to hold office until the next Annual Meeting and until their successors are duly elected and qualified; to hold a vote on the ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023; to hold an advisory vote on executive compensation; and to transact such other business as may properly come before the Annual Meeting and any adjournment or postponement thereof.
Upcoming Dividend • Aug 14Upcoming dividend of US$0.01 per share at 0.8% yieldEligible shareholders must have bought the stock before 21 August 2023. Payment date: 05 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.8%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.7%).
New Risk • Aug 03New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding).
Reported Earnings • Aug 03Second quarter 2023 earnings released: US$0.05 loss per share (vs US$0.039 profit in 2Q 2022)Second quarter 2023 results: US$0.05 loss per share (down from US$0.039 profit in 2Q 2022). Revenue: US$473.2m (up 12% from 2Q 2022). Net loss: US$19.7m (down 234% from profit in 2Q 2022). Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 01BGC Group, Inc. Announces Executive ChangesBGC Group, Inc. announced the addition of a Weather Derivatives Team with the hire of Nicholas and Eric Ernst. Nicholas joins the firm as Managing Director, BGC Weather Derivatives while Eric joins as Weather Broker. Nicholas Ernst brings with him over 20 years of experience in the weather derivatives and risk transfer space. Prior to joining BGC, he served as Managing Director, Weather Markets at ICAP. Additionally, Nicholas spent time in similar roles at OTC Global and Evolutions Markets. Before joining BGC, Eric Ernst served as a Weather Broker at ICAP. Prior to that, Eric held various roles at Choice Energy and spent three years in the renewable energy sector.
