Professional
Added to YB: 2024-05-02
Pitch date: 2024-04-25
BGC [bullish]
BGC Group, Inc.
+10.89%
current return
Author Info
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Company Info
BGC Group, Inc. operates as a financial brokerage and technology company in the United States, Europe, the Middle East, Africa, and the Asia Pacific.
Market Cap
$4.3B
Pitch Price
$8.10
Price Target
10.00 (+11%)
Dividend
0.87%
EV/EBITDA
N/A
P/E
30.39
EV/Sales
N/A
Sector
Capital Markets
Category
growth
Show full summary:
O'Keefe Stevens Advisory Portfolio Holding: BGC Group, Inc.
BGC: Q4 update - Fenics revs +20% y/y (Rates +25%, Credit +43%). Sees decade+ of growth post-0% rate era. FMX Futures Exchange launching to rival CME monopoly. Added to S&P600, 46M shares bought. Still undervalued at $10+ fair value on Fenics' higher margins & lower capital intensity.
Read full article (1 min)