BGC BGC Group, Inc. Class A Common Stock
XNAS
11.79
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
BGC
$11.79
—
Key stats
$11.79
Pre-market
$11.79
+0.00%
- 52-Week Range
- $8.27 – $12.88
- YTD
- +31.88%
- IV Rank (30D)
- 43.62
- Straddle Price
- $1.20
- P/C Vol Ratio
- 0.01
- Market Cap
- $5.5B
- Open
- $11.74
- Day Range
- $11.70 – $11.95
- Volume
- 2,278,812
- Prev Close
- $11.79
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.13% |
| Beta vs SPY | 0.90 |
| Cost of Equity (CAPM) | 9.63% (VRP-adj) |
| WACC | 8.45% |
| Volatility Risk Premium | +114.8pp (IV − HV30) |
| Effective Tax Rate | 30.7% |
| Rev. Growth (YoY, DCF input) | +12.6% |
| DCF Horizon | 12 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.5B |
| Return on Equity (TTM) | 17.3% |
| Book / Price | 22.6% |
| Gross Margin (TTM) | 97.1% |
| FCF Margin (TTM) | 17.3% |
| Debt / Equity | 1.39 |
| Quality Score | 4/6 — high quality (12y DCF) |
| Market-Implied Growth | -0.1% (reverse-DCF on current price) |
| SMA 50 | $11.79 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $11.63 |
| Bollinger Width / SMA20 | 65.6% (drives anchor stability) |
| Net Debt | $1.0B |
| Market Cap | $6B |
Peers used for multiples: ENVA, GLXY, GS, IBKR, MS, SNEX, VCTR, WT
60-Day Conviction
18%
20-Day Fair Value
≈ by Nov 24, 2026
$11.85
α +0.5%
rank 73%
conviction
32%
40-Day Fair Value
≈ by Dec 23, 2026
$11.77
α -0.2%
rank 64%
conviction
7%
60-Day Fair Value
≈ by Jan 21, 2027
$11.85
α +0.5%
rank 68%
conviction
18%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $29.78 | 41% | |
| DDM (Gordon) | $1.81 | 0% | |
| Peer P/E | $6.67 | 18% | median 14.8× · 7 peers |
| Peer EV/EBITDA | n/a | 0% | median 12.3× · 8 peers |
| Peer P/B | $7.01 | 4% | median 2.6× · 8 peers |
| Peer P/S | $12.70 | 12% | median 2.1× · 8 peers |
| Market Anchor (SMA50) | $11.79 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | $12.66 | 25% | 12 strikes · skew +0.63 |
As of 2026-10-26 · updated
Related
About
- Industry (SIC)
- SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES (6200) · industry map
- Exchange
- XNAS
- Market Cap
- $5.5B
- Employees
- 4,560
- List Date
- 1999-12-10
- CIK
- 0001094831
- Next Earnings
- 2026-11-05 (Pre-Market)
- EPS Forecast
- $0.34 (2 est.)
- Headquarters
- New York, NY
- Homepage
- https://www.bgcg.com
BGC Group Inc is a brokerage and financial technology company that serves financial markets, energy, and commodities markets. Its service and product offerings include brokerage for a wide range of financial products, including fixed income, equities, commodities, derivatives, and real estate, software solutions for trading platforms, clearing, trade execution, and other back-office services. Its clients mostly include banks, financial institutions, and corporate clients. BGC operates in one reportable segment, which is providing brokerage services. Geographically, the company generates a majo…
Summary
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composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|
| Jan | -- | 1.15% | 2.25% | 1.90% | 1.77% |
| Feb | -- | -3.07% | 3.45% | 3.03% | 1.14% |
| Mar | -- | 9.44% | -5.46% | -0.51% | 1.16% |
| Apr | -- | 2.22% | -1.74% | 14.13% | 4.87% |
| May | -- | 9.06% | 2.88% | -7.28% | 1.55% |
| Jun | -- | -4.60% | 10.12% | 2.30% | 2.61% |
| Jul | -2.86% | 8.61% | -12.71% | 5.16% | -0.45% |
| Aug | 6.01% | 10.89% | 3.48% | 5.44% | 6.46% |
| Sep | 5.39% | -5.26% | -2.17% | -3.84% | -1.47% |
| Oct | 11.60% | -2.60% | -1.30% | 1.46%* | 2.29% |
| Nov | 6.04% | -1.81% | -7.35% | -- | -1.04% |
| Dec | 12.46% | -5.92% | 3.48% | -- | 3.34% |
| Total | 44.44% | 17.16% | -6.91% | 22.32% | 19.25% |
* Only 4 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $11.63
SMA 50: $11.81
SMA 200: $10.80
Current: $11.79
EMA 12: $11.70
EMA 26: $11.72
MACD: -0.0145 | Signal: 0.0332
BEARISH
ADX (14): 13.21
RANGE
+DI: 19.82
−DI: 17.94
Momentum Oscillators
RSI (14): 51.81
NEUTRAL
Stoch %K: 65.41
Stoch %D: 60.51
Williams %R: -24.73
Volume & Volatility
BB Upper: $12.08
BB Lower: $11.19
NEUTRAL
OBV: 16,967,012
Vol SMA 20: 3,125,218
Vol ROC: -17.36%
ATR: $0.36
True Range: $0.25
HV 20: 32.0%
HV 30: 29.3%
HV 60: 34.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-28T00:00:00 – 2026-10-26T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary Overall assessment: NEUTRAL with confidence level (6/10) Key drivers: Technical indicators suggest a range-bound market, while news sentiment is predominantly positive. Primary risks: Low volume and high IV premium may indicate market uncertainty. Investment thesis: BGC's recent price action suggests a consolidation phase, which could be an opportunity for traders to accumulate shares at attractive levels.
Recent news sentiment impact: The overall positive sentiment from the recent headlines may have contributed to the stock's recent rally. However, the market narrative remains unclear, and further catalysts are needed to break the consolidation pattern.
Technical Analysis Trend Direction: Short-term (1-4 weeks): Range-bound; Medium-term (1-3 months): Uptrend; Long-term (3-12 months): Bullish
Support/Resistance Levels: Key price levels from moving averages and technical patterns: * Upper Bollinger Band: $12.22 * Middle Bollinger Band: $11.17 * Lower Bollinger Band: $10.12 * Trend line (SMA 50): $11.28
Momentum Signals: * RSI interpretation: Neutral (49.96) * MACD signal: Bearish (MACD -0.10 / Signal 0.01 / Histogram -0.12) * Bollinger Bands position: Neutral
Volume Analysis: Volume trends and institutional interest signals: * Volume SMA 20: 2476146.04 * On-Balance Volume (OBV): 8517073.40 * Volume Rate of Change: -59.52%
News & Sentiment Analysis Recent Headlines Summary: The news headlines suggest a mix of positive and neutral sentiment, with no major bearish catalysts.
Sentiment Assessment: Aggregate news sentiment is predominantly positive (60%).
Catalyst Identification: None identified from recent headlines, but upcoming earnings reports could provide a catalyst.
Market Narrative: The market narrative remains unclear due to the range-bound price action and lack of clear directional signals.
Risk & Volatility Assessment Beta Interpretation: Low risk relative to market (beta 0.38).
Volatility Regime: Current volatility is lower than historical levels, indicating a relatively stable market environment.
Options Market Signals: * IV Rank: 26.5% (Medium) * Put/Call Volume Ratio: 0.02 (Bullish sentiment)
Downside Protection: Support levels and risk management considerations: * Lower Bollinger Band: $10.12 * Trend line (SMA 50): $11.28
Market Context & Positioning Sector Performance: BGC's sector is relatively strong, with a recent uptrend.
Institutional Activity: Volume patterns suggest institutional interest, but at lower levels than usual.
Correlation Analysis: The stock moves in sync with the market (R-squared 0.85), indicating a low-risk profile.
Relative Valuation: Position within trading range, with no clear upside or downside momentum.
Key Levels & Action Items Critical Price Levels: * Upper Bollinger Band: $12.22 * Middle Bollinger Band: $11.17 * Lower Bollinger Band: $10.12
Breakout/Breakdown Levels: * Trend line (SMA 50): $11.28
Time-Sensitive Catalysts: * Earnings reports for the next quarter could provide a catalyst.
Risk Management: * Stop-loss levels around $10.60 to limit potential losses * Position sizing considerations: 1-2% of portfolio dedicated to BGC
Generated
News
All BGC news →
Earnings History
13 of 13 under expected move
Avg Expected Move
9.70%
Avg Actual Move
3.37%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2023-08-02 | Pre-Market | 12.88% | 10.94% | 0.85x | Within |
| 2023-10-30 | Pre-Market | 12.13% | 2.77% | 0.23x | Within |
| 2024-02-14 | Pre-Market | 6.98% | 2.87% | 0.41x | Within |
| 2024-04-30 | Pre-Market | 16.50% | 4.28% | 0.26x | Within |
| 2024-07-30 | Pre-Market | 8.61% | 3.88% | 0.45x | Within |
| 2024-10-31 | Pre-Market | 12.83% | 1.88% | 0.15x | Within |
| 2025-02-14 | Pre-Market | 7.90% | 1.58% | 0.20x | Within |
| 2025-05-07 | Pre-Market | 8.96% | 1.90% | 0.21x | Within |
| 2025-07-31 | Pre-Market | 7.72% | 4.63% | 0.60x | Within |
| 2025-11-06 | After-Close | 7.68% | 1.54% | 0.20x | Within |
| 2026-02-12 | After-Close | 7.89% | 3.05% | 0.39x | Within |
| 2026-05-07 | Pre-Market | 6.89% | 3.67% | 0.53x | Within |
| 2026-07-30 | Pre-Market | 9.13% | 0.76% | 0.08x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
BGC Options Activity & IV Rank
BGC IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 46.6%
7-DTE IV: —
Expected Move: $1.20
7-DTE Move: $1.20
Days to Exp: 25 (2026-11-20)
Options Flow
Call Volume: 572
Put Volume: 8
P/C Volume: 0.014
BULLISH
Call OI: 774
Put OI: 457
P/C OI: 0.59
Total OI: 1,231
ATM Options Pricing
ATM Call: $0.55
ATM Put: $0.65
Call %: 4.7%
Put %: 5.5%
Chain Summary
Chain Volume: 1,376
Chain OI: 6,458
Last Updated: 10/26/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 35th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
35%
vs own history
GEX tilt
+0.26
OI-weighted, today
Vanna tilt
+0.75
δ-sensitivity to IV
Charm tilt
-0.79
δ-decay vs time
Vanna tilt +0.75: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.79: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 13 ATM contracts, 1k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 26 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 26 · ATM 47.4% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)43.6MediumOct 26
Straddle Price (30 DTE)$1.20Oct 26
Beta Analysis
Risk Metrics
Beta: 0.3271
Alpha: 23.65%
Correlation: 0.1252
R-Squared: 1.6%
Stock Volatility: 33.3%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own BGC
4 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Soros Fund Management Family office George Soros, Robert Soros, Jonathan Soros | $37.2M | #62 of 251 | -17.1% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $13.0M | #631 of 4729 | -25.6% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $4.1M | #1564 of 3138 | -56.1% | 13F | |
| Bridgewater Associates Hedge fund Ray Dalio | $1.7M | #745 of 997 | new | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
BGC Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 477,949,250 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
8 filers$3.75M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $900.10K | 23.99% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $654.23K | 17.44% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $611.47K | 16.30% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $548.55K | 14.62% | 2025-09-30 |
| 5 | Walleye Capital LLC | $534.50K | 14.25% | 2026-06-30 |
| 6 | IMC-Chicago, LLC Custodian | $404.08K | 10.77% | 2026-06-30 |
| 7 | Simplex Trading, LLC Custodian | $91.93K | 2.45% | 2026-06-30 |
| 8 | GROUP ONE TRADING LLC Custodian | $6.41K | 0.17% | 2026-06-30 |
5 filers$1.73M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $983.48K | 56.86% | 2026-06-30 |
| 2 | Walleye Capital LLC | $579.40K | 33.50% | 2026-06-30 |
| 3 | IMC-Chicago, LLC Custodian | $156.07K | 9.02% | 2026-06-30 |
| 4 | Simplex Trading, LLC Custodian | $9.62K | 0.56% | 2026-06-30 |
| 5 | GROUP ONE TRADING LLC Custodian | $1.07K | 0.06% | 2026-06-30 |
BGC Insider Trading (Form 4)
Latest: 2026-08-31Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-08-31 | Jean-Pierre Aubin | Co-Chief Executive Officer | Disp (D) | −373,191 | $12.12 | -$4.52M | EDGAR |
| 2026-04-01 | John J. Abularrage | Co-Chief Executive Officer | Award (A) | +350,727 | — | EDGAR | |
| 2026-04-01 | Jean-Pierre Aubin | Co-Chief Executive Officer | Award (A) | +269,557 | — | EDGAR | |
| 2026-04-01 | Sean A Windeatt | COO and Co-CEO | Mixed | +262,849 | $9.84 | -$55.6K | EDGAR |
| 2026-04-01 | Stephen M Merkel | Chairman of the Board & GC | Mixed | +61,306 | $9.84 | $603.3K | EDGAR |
| 2026-04-01 | Jason W. Hauf | Chief Financial Officer | Mixed | +36,515 | $9.84 | -$62.2K | EDGAR |
| 2026-03-16 | John J. Abularrage | Co-Chief Executive Officer | Mixed | +123,374 | $9.57 | -$397.3K | EDGAR |
| 2026-03-16 | Jean-Pierre Aubin | Co-Chief Executive Officer | Mixed | +64,064 | $9.57 | -$137.7K | EDGAR |
| 2026-03-09 | Jean-Pierre Aubin | Co-Chief Executive Officer | Sell (S) | −10,000 | $9.55 | -$95.5K | EDGAR |
| 2026-01-23 | Sean A Windeatt | COO and Co-CEO | Disp (D) | −246,360 | $9.17 | -$2.26M | EDGAR |
| 2025-11-14 | William Dean Addas | Director | Award (A) | +5,447 | — | EDGAR | |
| 2025-11-14 | Arthur U Mbanefo | Director | Award (A) | +5,447 | — | EDGAR | |
| 2025-11-14 | Linda A Bell | Director | Award (A) | +5,447 | — | EDGAR | |
| 2025-11-14 | David Richards | Director | Award (A) | +5,447 | — | EDGAR | |
| 2025-10-06 | CF GROUP MANAGEMENT INC | Director | Buy (P) | +8,973,721 | $9.21 | $82.63M | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
BGC Insider Holdings
13 insiders · @ $11.79
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | CF GROUP MANAGEMENT INC | Director | 105,286,722 | $1.24B | $82.63M | 1 | 2025-10-06 |
| 2 | L. P. Cantor Fitzgerald | Director | 102,314,198 | $1.21B | $82.63M | 1 | 2025-10-06 |
| 3 | Brandon Lutnick | Director | 100,440,998 | $1.18B | $82.63M | 1 | 2025-10-06 |
| 4 | Howard W Lutnick | Chairman and CEO | 3,946,149 | $46.53M | -$82.63M | 4 | 2025-10-06 |
| 5 | Jean-Pierre Aubin | Co-Chief Executive Officer | 1,082,071 | $12.76M | -$95.5K | 4 | 2026-08-31 |
| 6 | John J. Abularrage | Co-Chief Executive Officer | 832,072 | $9.81M | $0 | 2 | 2026-04-01 |
| 7 | Sean A Windeatt | COO and Co-CEO | 725,113 | $8.55M | -$1.39M | 6 | 2026-04-01 |
| 8 | Stephen M Merkel | Chairman of the Board & GC | 218,575 | $2.58M | $0 | 5 | 2026-04-01 |
| 9 | Jason W. Hauf | Chief Financial Officer | 120,031 | $1.42M | -$286.2K | 5 | 2026-04-01 |
| 10 | Linda A Bell | Director | 41,044 | $483.9K | $0 | 4 | 2025-11-14 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
BGC Board & Officers
As of SEC filings through Aug 31, 2026Directors 8
- L. P. Cantor Fitzgerald · listed since Apr 2008
- Cf Group Management Inc (entity) · listed since Apr 2008
- Linda A Bell · since Jul 30, 2013
- David Richards · since Dec 19, 2017
- Arthur U Mbanefo · since Oct 5, 2021
- William Dean Addas · since Jul 1, 2023
- Brandon Lutnick · since Feb 21, 2025
- Stephen M Merkel · listed since Apr 2025
Officers 5
- John J. Abularrage · Co-Chief Executive Officer · since Feb 18, 2025
- Jean-Pierre Aubin · Co-Chief Executive Officer · since Feb 20, 2025
- Sean A Windeatt · COO and Co-CEO · listed since Apr 2025
- Jason W. Hauf · Chief Financial Officer · since Jun 6, 2022
- Stephen M Merkel · Chairman of the Board & GC · listed since Apr 2025
10% owners 3
- Brandon Lutnick · listed since Oct 2025
- Cf Group Management Inc (entity) · listed since Oct 2025
- L. P. Cantor Fitzgerald · listed since Oct 2025
Changes in the last 10 years (22)
| Oct 6, 2025 | L. P. Cantor Fitzgerald first listed as a 10% owner in an SEC filing |
| Oct 6, 2025 | Howard W Lutnick reported in an SEC filing no longer being a director |
| Oct 6, 2025 | Howard W Lutnick reported in an SEC filing no longer being a 10% owner |
| Oct 6, 2025 | Howard W Lutnick reported in an SEC filing no longer being Chairman and CEO |
| Oct 6, 2025 | Cf Group Management Inc first listed as a 10% owner in an SEC filing |
| Oct 6, 2025 | Brandon Lutnick first listed as a 10% owner in an SEC filing |
| Apr 1, 2025 | Stephen M Merkel listed as Chairman of the Board & GC (previously EVP and General Counsel) in SEC filings |
| Apr 1, 2025 | Stephen M Merkel first listed as a director in an SEC filing |
| Apr 1, 2025 | Sean A Windeatt listed as COO and Co-CEO (previously Chief Operating Officer) in SEC filings |
| Feb 21, 2025 | Brandon Lutnick became a director |
| Feb 20, 2025 | Jean-Pierre Aubin became Co-Chief Executive Officer |
| Feb 18, 2025 | John J. Abularrage became Co-Chief Executive Officer |
| Jul 3, 2023 | L. P. Cantor Fitzgerald no longer listed as a 10% owner in SEC filings |
| Jul 1, 2023 | William Dean Addas became a director |
| Jan 25, 2023 | Martin Laguerre became a director |
| Oct 27, 2022 | Cf Group Management Inc no longer listed as a 10% owner in SEC filings |
| Jun 6, 2022 | Jason W. Hauf became Chief Financial Officer |
| Oct 5, 2021 | Arthur U Mbanefo became a director |
| Jan 1, 2020 | Steven Bisgay became Chief Financial Officer |
| Mar 4, 2019 | Stephen M Merkel listed as EVP and General Counsel (previously EVP, General Counsel and Sec'y) in SEC filings |
| Oct 25, 2018 | Sean Galvin became Chief Accounting Officer |
| Dec 19, 2017 | David Richards became a director |
Not reported recently (7)
- Martin Laguerre · Last reported as a director in an SEC filing dated Jan 27, 2023
- Stephen T Curwood · Last reported as a director in an SEC filing dated Nov 23, 2021
- William J Moran · Last reported as a director in an SEC filing dated Nov 23, 2021
- Shaun D Lynn · Last reported as President in an SEC filing dated Jul 31, 2020
- Steven Bisgay · Last reported as Chief Financial Officer in an SEC filing dated Jan 2, 2020
- Sean Galvin · Last reported as Chief Accounting Officer in an SEC filing dated Oct 31, 2018
- John H Dalton · Last reported as a director in an SEC filing dated Oct 4, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
ETF Holders
102 ETFs hold BGC
25 shown · $1.05B total exposure · 0.17% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IJR iShares Core S&P Small-Cap ETF | iShares (BlackRock) | 0.25% | $257.1M | $104.0B | 2026-10-23 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.01% | $136.2M | — | 2026-09-30 |
| 3 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.15% | $112.6M | $74.6B | 2026-10-23 |
| 4 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.05% | $95.0M | — | 2026-09-30 |
| 5 | VBR Vanguard Morningstar Small-Cap Value ETF | Vanguard | 0.10% | $61.8M | — | 2026-09-30 |
| 6 | VXF Vanguard Extended Market ETF | Vanguard | 0.05% | $47.6M | — | 2026-09-30 |
| 7 | IWO iShares Russell 2000 Growth ETF | iShares (BlackRock) | 0.31% | $41.8M | $13.7B | 2026-10-23 |
| 8 | SPSM State Street® SPDR® Portfolio S&P 600™ Small Cap ETF | SPDR (State Street) | 0.25% | $39.4M | $15.8B | 2026-10-23 |
| 9 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.09% | $32.2M | — | 2026-10-23 |
| 10 | FESM Fidelity Enhanced Small Cap Core ETF | Fidelity | 0.39% | $25.9M | $6.6B | 2026-10-23 |
| 11 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.14% | $25.3M | — | 2026-09-30 |
| 12 | IJT iShares S&P Small-Cap 600 Growth ETF | iShares (BlackRock) | 0.31% | $23.5M | $7.6B | 2026-10-23 |
| 13 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.08% | $18.2M | — | 2026-05-31 |
| 14 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.02% | $16.2M | — | 2026-10-23 |
| 15 | VIOO Vanguard S&P Small-Cap 600 ETF | Vanguard | 0.24% | $14.9M | — | 2026-09-30 |
| 16 | IJS iShares S&P Small-Cap 600 Value ETF | iShares (BlackRock) | 0.19% | $14.6M | $7.7B | 2026-10-23 |
| 17 | SLYG State Street® SPDR® S&P 600™ Small Cap Growth ETF | SPDR (State Street) | 0.31% | $14.5M | $4.6B | 2026-10-23 |
| 18 | RSMC Rockefeller U.S. Small-Mid Cap ETF | Nport | 1.61% | $12.3M | — | 2026-07-31 |
| 19 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.16% | $12.0M | — | 2026-10-23 |
| 20 | SLYV State Street® SPDR® S&P 600™ Small Cap Value ETF | SPDR (State Street) | 0.19% | $9.2M | $4.8B | 2026-10-23 |
| 21 | FYC First Trust Small Cap Growth AlphaDEX® Fund | First Trust | 0.66% | $8.7M | $1.3B | 2026-10-23 |
| 22 | KCE State Street® SPDR® S&P® Capital Markets ETF | SPDR (State Street) | 1.62% | $7.1M | $436.1M | 2026-10-23 |
| 23 | VFH Vanguard Financials ETF | Vanguard | 0.05% | $7.0M | — | 2026-09-30 |
| 24 | FNDA Schwab Fundamental U.S. Small Company ETF | Nport | 0.07% | $6.1M | — | 2026-05-31 |
| 25 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.01% | $6.1M | $96.5B | 2026-10-23 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$0.41
TTM Revenue
$2.65B
TTM Net Income
$190.91M
TTM Op. Cash Flow
$504.07M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $813.60M | $69.58M | $0.15 | $161.60M |
| Q1 '26 | 2026-03-31 | $791.70M | $80.63M | $0.17 | $20.19M |
| Q4 '25 | 2025-12-31 | $324.91M | $13.93M | $0.03 | $180.41M |
| Q3 '25 | 2025-09-30 | $722.81M | $26.77M | $0.06 | $141.86M |
| Q2 '25 | 2025-06-30 | $760.60M | $55.12M | $0.11 | $71.24M |
| Q1 '25 | 2025-03-31 | $531.63M | $52.78M | $0.11 | $839.00K |
| Q4 '24 | 2024-12-31 | $206.10M | $24.35M | $0.05 | $251.89M |
| Q3 '24 | 2024-09-30 | $544.17M | $14.19M | $0.03 | $88.32M |
| Q2 '24 | 2024-06-30 | $533.62M | $36.05M | $0.08 | $-52.95M |
| Q1 '24 | 2024-03-31 | $460.26M | $46.38M | $0.10 | $28.09M |
| Q4 '23 | 2023-12-31 | $128.74M | $18.82M | $0.04 | $173.50M |
| Q3 '23 | 2023-09-30 | $482.69M | $15.97M | $0.03 | $312.90M |
Q2 2026 • period ending 2026-06-30 • filed 2026-08-10
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
28.76
P/B
4.42
P/S
2.12
EV/EBITDA
—
EV/Sales
2.50
ROE
15.0%
ROA
3.3%
Div Yield
0.71%
FCF Yield
8.95%
Debt/Equity
1.39
Current Ratio
—
Market Cap
$5.64B
as of 2026-10-26
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
9.96M
SI % of Float
2.74%
Days to Cover
2.07
Short Vol Ratio
24.5%
Free Float
363.16M
Float %
99.2%
Short interest 2026-09-30 • Short volume 2026-10-26 • Float 2026-08-14