The Vanguard Group, Inc. recently announced the acquisition of new stake in BGC Group Inc (NASDAQ:BGC). The institutional investor has increased its shareholding in the Financial company by 9.17% to 35.91 million shares with purchase of 3.02 million shares. This fresh investment now brings its stake to 9.28% valued currently at $259.27 million. In addition, BlackRock Fund Advisors raised its holdings by 0.64 million to 20.78 million shares. And Philosophy Capital Management LLC has lifted its position by 3.56% or 0.32 million shares – to 9.4 million shares.
Insiders at the company have transacted a total of 26 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 14 of these insider trades were purchases, accounting for 18,868,207 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 22,681,391 shares.
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The top 3 mutual fund holders in BGC Group Inc are Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market ETF owns 11.78 million shares of the company’s stock, all valued at over $85.02 million. The company bought an additional 12710.0 shares recently to bring their total holdings to about 3.04% of the shares outstanding. iShares Russell 2000 ETF sold 26280.0 shares to see its total holdings shrink to 9.93 million shares valued at over $71.69 million and representing 2.57% of the shares outstanding. Vanguard Small Cap Index Fund sold -0.23 million shares to bring its total holdings to over 9.36 million shares at a value of $67.56 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.42% of the shares outstanding.
The company’s stock has a 5-day price change of 7.41% and 24.36% over the past three months. BGC shares are trading 0.42% year to date (YTD), with the 12-month market performance up to 73.44% higher. It has a 12-month low price of $3.98 and touched a high of $7.32 over the same period. BGC has an average intraday trading volume of 2.40 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.38%, 10.38%, and 36.20% respectively.
Institutional ownership of BGC Group Inc (NASDAQ: BGC) shares accounts for 63.61% of the company’s 325.86M shares outstanding. Mutual fund holders own 28.88%, while other institutional holders and individual stakeholders account for 34.03% and 0.21% respectively.
It has a market capitalization of $2.77B and a beta (3y monthly) value of 1.54. The stock’s trailing 12-month PE ratio is 394.02, while the earnings-per-share (ttm) stands at $0.02. The company has a PEG of 19.24 and the debt-to-equity ratio at 2.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.04% over the week and 2.86% over the month.
Analysts forecast that BGC Group Inc (BGC) will achieve an EPS of $Canopy Growth Corporation for the current quarter, $4.66 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $BTC while analysts give the company a high EPS estimate of $Bunge Limited. Comparatively, EPS for the current quarter was $Kinross Gold Corporation a year ago. Earnings per share for the fiscal year are expected to increase by 18.84%, and 10.98% over the next financial year. EPS should grow at an annualized rate of 20.48% over the next five years, compared to -6.63% over the past 5-year period.
