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GFIG $5.93

GFIG target price
5.93
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0
GFI Group, Inc
Type
Public
Traded as NYSE: GFIG
Industry Banking, Financial Services
Founded 1987
Founder Michael Gooch, Executive Chairman
Headquarters 55 Water Street,
New York, New York, U.S.
Area served
Worldwide
Key people
Colin Heffron, CEO
Products Fixed Income, Financials, Equity, Commodity, Trading Systems, Data & Analytics, Clearing
Revenue US$ 924.59 million (2012)
Operating income
US$ 10.5 million (2012)
Net income
US$ 8.9 million (2012)
Total assets US$ 1.180 billion (2012)
Total equity US$ 425.16 million (2012)
Number of employees
2,062 (2012)
Website www.gfigroup.com

GFI Group Inc. (GFI) through its subsidiaries provides brokerage services, trade execution, market data, trading platforms and other software products. Clients are institutional customers in markets for a range of fixed income, financial, equity and Commodity instruments. GFI is headquartered in New York, USA and operates from New York, London, Paris, Tokyo, Hong Kong, Singapore and 15 other smaller financial centres such as Dublin, Nyon, Bogota and Tel Aviv.

GFI operates a hybrid brokerage approach, combining a range of telephonic and electronic trade execution services, depending on the nature of the products and the needs of the individual markets. The Company complements its hybrid brokerage capabilities with decision support services, such as value-added data and analytics products, research, real-time auctions and post-transaction services, such as straight through processing ("STP"), clearing (finance) links and trade and portfolio management services. The Company was listed on NYSE under GFIG until March 2015.

GFI Group Inc. was founded by Michael Gooch in 1987. GFI was the first broker to offer Over-the-counter (finance) (OTC) US government bond options to the industry. In 2001, GFI acquired the leading FX analytical software provider FENICS Software Ltd. In 2005, GFI acquired the North American operations of Starsupply Petroleum LLC, a leading broker of oil products and related derivative and option contracts. The firm acquired the North American brokerage operations of Amerex Energy in 2006, they are a wholesale broker of electric power, natural gas and emissions products. In 2008, GFI acquired Trayport Ltd, a leading provider of trading software for OTC energy products and other markets.

On September 28, 1999, The GFI group established a new venture to offer an online spot market for international telecommunications minutes, according to Michael Gooch, GFI President and CEO. .

In 2010 GFI Group moved its listing from Nasdaq to the NYSE.

In March 2015 GFI delisted from the NYSE following a 56% share buyout by BGC Partners in February 2015. Since the takeover, GFI operates as a division of BGC.

GFI Group provides execution services for institutional wholesale customers by either matching their trading needs with counterparties having reciprocal interests or directing their orders to an exchange or other trading venue. Its operations focus on a wide variety of assets: credit, financial, equity and commodity instruments, including both cash and derivative products. In recent years, it has developed cash equity and cash bond brokerage business that complement its brokerage of OTC derivative products, as well as expanding its services for cash instruments, such as corporate fixed income and equities products. In essence, GFI’s primary role as a wholesale broker is to enhance trading liquidity.

GFI Group is committed to helping the Bob Woodruff Foundation in its work educating the public about the needs of service members returning from war, especially those who have sustained traumatic brain injuries and combat stress. GFI has supported the Bob Woodruff Foundation and its campaign ReMIND.org for the past four years.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2014-10-09 Reiterated Rating Keefe, Bruyette & Woods Market Perform $4.55 to $5.25
2014-09-25 Initiated Coverage BMO Capital Markets Outperform $4.25
2014-07-31 Downgrade Sandler O'Neill Buy to Hold $5.00 to $4.55
2014-05-01 Downgrade Barclays Market Perform
2014-05-01 Downgrade FIG Partners Outperform to Market Perform
2014-05-01 Downgrade Keefe, Bruyette & Woods Outperform to Market Perform
2014-04-10 Lower Price Target Keefe, Bruyette & Woods $5.00 to $4.50
2010-04-08 Initiated Susquehanna Financial Neutral
2010-02-17 Reiterated Jefferies & Co Buy $8 to $6
2009-05-01 Upgrade Pali Research Neutral to Buy
2009-02-23 Downgrade Sandler O'Neill Buy to Hold
2009-01-08 Downgrade Deutsche Securities Buy to Hold $6 to $5
2008-10-20 Initiated AmTech Research Buy
2008-09-22 Upgrade Citigroup Sell to Hold
2008-09-17 Upgrade Keefe Bruyette Mkt Perform to Outperform
2008-09-10 Downgrade Citigroup Hold to Sell $12 to $7
2008-07-09 Reiterated Jefferies & Co Buy $17 to $14
2008-04-21 Reiterated Jefferies & Co Buy $17 to $25
2008-03-31 Initiated Keefe Bruyette Mkt Perform $18.50
2008-01-25 Initiated William Blair Outperform
2007-11-21 Initiated Wachovia Outperform
2007-11-05 Reiterated Deutsche Securities Buy $85 to $110
2007-10-31 Initiated Bear Stearns Outperform $102.60
2007-07-17 Downgrade Citigroup Buy to Hold
2014-10-09 Reiterated Rating Keefe, Bruyette & Woods Market Perform $4.55 to $5.25
2014-09-25 Initiated Coverage BMO Capital Markets Outperform $4.25
2014-07-31 Downgrade Sandler O'Neill Buy to Hold $5.00 to $4.55
2014-05-01 Downgrade Barclays Market Perform
2014-05-01 Downgrade FIG Partners Outperform to Market Perform

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In GFIG 1 funds of 2213 total. Show all

Fund name Ticker shares
Dynamic Technology Lab Pte Ltd 55404

Major Shareholders

Name Relationship Total Shares Holding stocks
Jersey Partners Inc. 36.53%  (46220128) GFIG /
Gooch Michael Chairman and CEO 36.53%  (46220128) GFIG /
BGC Partners, L.P. 13.53%  (17120464) GFIG /
Heffron Colin President 1.03%  (1307985) GFIG /
Levi Ronald Daniel Chief Operating Officer 0.64%  (812952) GFIG /
Peers James Chief Financial Officer 0.15%  (187759) GFIG /
Cassoni Marisa 0.14%  (181436) GFIG /
FANZILLI FRANK J 0.06%  (76268) CVLT / GFIG /
Ward John W 0.05%  (61682) GFIG /
Pintoff Scott General Counsel and Secretary 0.04%  (45360) GFIG /
Giancarlo J Christopher Executive Vice President 0.03%  (38175) GFIG /
Magee Richard William 0.03%  (36391) GFIG /