Last $5.39 USD
Change Today -0.02 / -0.37%
Volume 394.7K
GFIG On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

gfi group inc (GFIG) Snapshot

Open
$5.39
Previous Close
$5.41
Day High
$5.49
Day Low
$5.39
52 Week High
09/12/14 - $6.18
52 Week Low
07/28/14 - $2.98
Market Cap
682.1M
Average Volume 10 Days
840.8K
EPS TTM
$-0.25
Shares Outstanding
126.5M
EX-Date
05/14/14
P/E TM
--
Dividend
$0.20
Dividend Yield
2.78%
Current Stock Chart for GFI GROUP INC (GFIG)

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gfi group inc (GFIG) Details

GFI Group Inc., through its subsidiaries, provides wholesale brokerage, clearing, and electronic execution and trading support products and services for financial markets in the United States, the United Kingdom, and internationally. The company provides brokerage services in fixed income derivatives, bond instruments, and other related products; and non-derivative credit instruments, such as investment grade and high yield corporate bonds, Eurobonds, European government bonds, bank capital preferred shares, asset-backed bonds, and floating rate notes. It also offers brokerage services in financial instruments, including foreign exchange options, exotic options, U.S. Dollar and non-U.S. Dollar interest rate swaps and options, repurchase agreements, forward and non-deliverable forward contracts, inflation derivatives, and government and municipal bond options; and cash-based and derivative equity products, such as the U.S. domestic and international equity stocks, global depositary receipts, American depositary receipts, and equity derivatives. In addition, the company provides brokerage services in cash-based and derivative commodity, and energy products comprising oil, natural gas, biofuel, electricity, wet and dry freight derivatives, dry physical freight, precious metals, coal, property derivatives, emissions, ethanol, and soft commodities. Further, it offers clearing, brokerage, settlement, and back-office services to traders, brokers, market makers, and hedge funds; capital to start-up trading groups, small hedge funds, market-makers, and individual traders; multi-asset class electronic trading and order management software to brokers, exchanges, and traders in the commodities, fixed income, currencies, and equities markets; and FENICS Professional, a suite of price discovery, price distribution, trading, risk management, and straight-through processing components. GFI Group Inc. was founded in 1987 and is headquartered in New York, New York.

2,087 Employees
Last Reported Date: 03/13/14
Founded in 1987

gfi group inc (GFIG) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $700.0K
Founder and Executive Chairman
Total Annual Compensation: $925.0K
Chief Financial Officer
Total Annual Compensation: $800.0K
Chief Operating Officer
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2013.

gfi group inc (GFIG) Key Developments

GFI Group Inc. Presents at 2nd Annual Electronic Bond Trading Forum, Sep-10-2014 09:15 AM

GFI Group Inc. Presents at 2nd Annual Electronic Bond Trading Forum, Sep-10-2014 09:15 AM. Venue: Marriott Hotel Grosvenor Square, London, United Kingdom. Speakers: Matt Woodhams, Head of E-Commerce - Emea.

An Investor Files Lawsuit Against GFI Group Inc. to Stop the Proposed Takeover by CME Group

The Shareholders Foundation Inc. announced that an investor, who currently holds shares of GFI Group Inc. (GFIG), filed a lawsuit in effort to stop the proposed takeover of GFI Group Inc. by CME Group for $4.55 per share. Investors, who purchased shares of GFI Group Inc. (GFIG) prior to July 30, 2014, and currently hold any of those GFIG shares, have certain options and should contact the Shareholders Foundation Inc. On July 30, 2014, CME Group and GFI Group Inc. announced CME Group will acquire all of the outstanding shares of GFI Group in exchange for $4.55 per share in CME Group Class A Common Stock. The plaintiff claims that the offer is unfair to GFIG stockholders and undervalues GFI Group Inc. Indeed, GFIG shares rose in the open market to as high as $4.62 per share on August 6, 2014. The plaintiff says that given a 52-week closing price high of $4.53 the offer represents almost no premium at all. In addition, the plaintiff alleges that one analyst has set the price target for GFIG shares at $5.00 and another analyst recently cited a $7.20 target price for GFIG shares. In addition, the plaintiff alleges that the process is also unfair to GFIG stockholders. The plaintiff says that the board of directors of GFI Group Inc. breached its fiduciary duties by agreeing to unreasonable deal protection devices, such as a non-solicitation, an information rights, a $20.1 million termination fee, and a up to $10 million expense reimbursements provision, that unfairly favor CME Group and discourage other potential bidders from submitting a superior offer for GFI Group Inc. Furthermore, the plaintiff claims that the proposed transaction has also been all but locked-up as a result of a support agreement. Indeed, Jersey Partners Inc., GFI Group's stockholder, and certain the members of the GFI Group management consortium and their respective affiliates have already agreed to vote all of their GFI Group shares in favor of the transaction at the GFI Group stockholder meeting to approve the transaction.

GFI Group Inc. and GFI Holdings Limited Enters into Second Amendment to Credit Agreement

On July 28, 2014, GFI Group Inc. and GFI Holdings Limited, as borrowers, certain subsidiaries of the company as guarantors, various lenders and Bank of America, N.A., as administrative agent, entered into a second amendment to credit agreement (second amendment) that amends the company's second amended and restated credit agreement, dated December 20, 2010 (second A&R credit agreement and as amended by the first amendment and consent dated as of March 6, 2013 (first amendment), and as further amended or modified from time to time, the credit agreement). The second amendmenteduces the aggregate amount of consolidated shareholders' equity and preferred equity of the company and its subsidiaries required to be maintained, as determined in accordance with generally accepted accounting principles, to an amount equal to at least $375,000,000 (such amount, the consolidated capital amount). The consolidated capital amount is subject to certain adjustments as specified in the credit agreement.

 

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Industry Analysis

GFIG

Industry Average

Valuation GFIG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 2.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.2x
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