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Miami International Holdings, Inc. (MIAX)

USD42.15 +0.85 (+2.06%)
US NYSE Financial Services Financial - Capital Markets
Address 7 Roszel Road 8540
Princeton, NJ, US
CEO Thomas Gallagher
IPO 2025-08-14
CIK 1438472 ISIN US59356Q1085

Explore sections of this company profile

Description

Miami International Holdings, Inc. (MIAX) is a financial services corporation that operates diverse marketplaces through its various subsidiaries, facilitating trading across options, futures, and cash equities. Its extensive options suite encompasses MIAX Options, MIAX Pearl, MIAX Emerald, and MIAX Sapphire. For U.S. equities, it provides MIAX Pearl Equities. The company's offerings extend to U.S. futures and their corresponding options traded on MIAX Futures, a platform that also facilitates transactions in hard red spring wheat products. Furthermore, MIAX supports international listings via BSX and TISE. Beyond market operation, MIAX also delivers essential post-trade services. This includes comprehensive clearing for U.S. futures and options through MIAX Futures Clearing, alongside its ownership of Dorman Trading. Dorman Trading, a full-service futures commission merchant, provides execution and clearing services for a broad client base, including introducing brokers, retail investors, institutional firms, and professional traders. Established in 2007, Miami International Holdings, Inc. maintains its headquarters in Princeton, New Jersey.

News Sentiment (7d)
61 Positive

Based on only 2 articles — low confidence

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD42.15 +0.85 (+2.06%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
1.94
Float Shares
82.75M
Free Float %
90.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.54% +5.05% +22.34% +24.51% +7.90% +18.23% +70.69% +70.69% +70.69% +70.69% +70.69%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (5 ratings, all time) Buy
Price Targets & DCF
Current price
42.15
Low 50.00 +18.6%
Consensus 50.00 +18.6%
Median 50.00 +18.6%
High 50.00 +18.6%
DCF (Unlevered) 8.27 -80.4%
DCF (Levered) 22.37 -46.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 57% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 2 0
Hold 3 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month
Last Quarter 1
50.00
+18.6%
Last Year 5
48.60
+15.3%
All Time 5
48.60
+15.3%
Quality scores
Altman Z-Score
9.03
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
4 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Financial - Capital Markets: +19.7%
    +19.7% Q1'26: +13.0% (vs Q1'25)
  • EPS growth Financial - Capital Markets: +35.3%
    -177.5% Q1'26: +1,003.7% (vs Q1'25)
  • FCF margin FCF growth · Financial - Capital Markets: +29.5%
    -6.9% Q1'26: +13.3% (vs Q1'25)
  • EBIT margin Financial - Capital Markets: +33.5%
    -4.1% Q1'26: +27.1% (vs Q1'25)
  • ROIC Financial - Capital Markets: +4.0%
    -14.9% Q1'26: +94.6% (vs Q1'25)
  • Share dilution Financial - Capital Markets: +0.0%
    -12.1% Q1'26: -10.6% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Financial - Capital Markets: -0.30×
    -0.06× Q1'26: 0.00× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.79) × ERP
WACC = 100% × Ke + 0% × Kd (854.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 8.27 Current price: 42.15
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2024
actual
Dec 2025
actual
Dec 2026
6 Rev. Ana.
4 EPS Ana.
Dec 2027
6 Rev. Ana.
5 EPS Ana.
Dec 2028
3 Rev. Ana.
1 EPS Ana.
Dec 2029
2 Rev. Ana.
1 EPS Ana.
Dec 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
1.14B
est: 1.26B (-9.2%)
1.36B
est: 427.25M (+219.3%)
524.15M
511.88M – 547.17M
+22.7% YoY
588.56M
555.52M – 621.33M
+12.3% YoY
604.71M
604.65M – 604.76M
+2.7% YoY
616.00M
582.80M – 653.82M
+1.9% YoY
646.00M
611.18M – 685.66M
+4.9% YoY
EBITDA
142.40M
est: 43.09M (+230.5%)
-26.31M
est: 14.66M (-279.4%)
17.99M
17.57M – 18.78M
+22.7% YoY
20.20M
19.07M – 21.33M
+12.3% YoY
20.76M
20.75M – 20.76M
+2.7% YoY
21.14M
20.00M – 22.44M
+1.9% YoY
22.17M
20.98M – 23.53M
+4.9% YoY
EBIT
119.03M
est: 14.04M (+747.5%)
-55.69M
est: 4.78M (-1,265.2%)
5.86M
5.73M – 6.12M
+22.7% YoY
6.58M
6.21M – 6.95M
+12.3% YoY
6.76M
6.76M – 6.77M
+2.7% YoY
6.89M
6.52M – 7.31M
+1.9% YoY
7.23M
6.84M – 7.67M
+4.9% YoY
Net Income
102.12M
est: 1.99M (+5,033.5%)
-70.03M
est: 121.62M (-157.6%)
107.09M
100.37M – 113.80M
-11.9% YoY
128.24M
122.24M – 134.25M
+19.8% YoY
136.38M
126.21M – 146.55M
+6.3% YoY
142.47M
132.48M – 153.83M
+4.5% YoY
149.45M
138.98M – 161.38M
+4.9% YoY
SGA
225.93M
est: 183.72M (+23.0%)
est: 62.52M (-100.0%)
76.70M
74.91M – 80.07M
+22.7% YoY
86.13M
81.29M – 90.93M
+12.3% YoY
88.49M
88.48M – 88.50M
+2.7% YoY
90.15M
85.29M – 95.68M
+1.9% YoY
94.54M
89.44M – 100.34M
+4.9% YoY
EPS
1.29
est: 0.03 (+4,450.6%)
-1.00
est: 1.68 (-159.4%)
1.55
1.44 – 1.63
-8.0% YoY
1.84
1.75 – 1.92
+18.9% YoY
1.94
1.81 – 2.10
+5.5% YoY
2.04
1.90 – 2.20
+5.0% YoY
2.14
1.99 – 2.31
+4.9% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-05-08 Keefe, Bruyette & Woods Market Perform Market Perform Maintain
2026-05-07 Rosenblatt Buy Buy Maintain
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 B+ 3/5 3/5 4/5 5/5 4/5 1/5 1/5
2026-05-07 C 2/5 3/5 1/5 1/5 4/5 1/5 1/5
2026-05-06 C 2/5 3/5 1/5 1/5 4/5 1/5 1/5
2026-05-05 C 2/5 3/5 1/5 1/5 4/5 1/5 1/5
2026-05-04 C 2/5 3/5 1/5 1/5 4/5 1/5 1/5
2026-05-01 C 2/5 3/5 1/5 1/5 3/5 1/5 1/5
2026-04-30 C 2/5 3/5 1/5 1/5 3/5 1/5 1/5
2026-04-29 C 2/5 3/5 1/5 1/5 3/5 1/5 1/5
2026-04-28 C 2/5 3/5 1/5 1/5 3/5 1/5 1/5
2026-04-27 C 2/5 3/5 1/5 1/5 3/5 1/5 1/5
2026-04-24 C 2/5 3/5 1/5 1/5 3/5 1/5 1/5
2026-04-23 C 2/5 3/5 1/5 1/5 3/5 1/5 1/5
2026-04-22 C 2/5 3/5 1/5 1/5 3/5 1/5 1/5
2026-04-21 C 2/5 3/5 1/5 1/5 3/5 1/5 1/5
2026-04-20 C 2/5 3/5 1/5 1/5 3/5 1/5 1/5
2026-04-17 C 2/5 4/5 1/5 1/5 2/5 1/5 1/5
2026-04-16 C 2/5 4/5 1/5 1/5 2/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
198.84M
OE per share TTM
2.49
Owner's Yield
4.17%
Maintenance CapEx ratio
5.63%
Maint CapEx / Avg PPE
4.9%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
34
Total invested
31.48M
Insider transactions (90d)
8
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
34
-131 vs prev Q
New positions
22
Closed positions
148
Increased
29
Reduced
2
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 T. ROWE PRICE INVESTMENT MANAGEMENT, INC. 3.03M +595.1K (+24.5%) 134.28M +36.4M (+37.2%) 4.31% +0.849 pp 0.08% +0.025 pp USD41.07 +8.1% 2 qtrs
2 VANGUARD GROUP INC 1.93M +545.8K (+39.5%) 85.58M +29.9M (+53.7%) 2.75% +0.778 pp 0.00% +0.000 pp USD41.43 +7.1% 2 qtrs
3 HORIZON KINETICS ASSET MANAGEMENT LLC 1.82M +437.4K (+31.6%) 80.76M +25.1M (+45.1%) 2.60% +0.624 pp 1.09% +0.414 pp USD41.25 +7.6% 2 qtrs
4 BLACKROCK, INC. 1.75M +1.0M (+147.8%) 77.82M +49.3M (+173.1%) 2.50% +1.491 pp 0.00% +0.001 pp USD42.72 +3.9% 2 qtrs
5 AMERICAN CENTURY COMPANIES INC 1.45M +1.2M (+467.3%) 64.28M +54.0M (+525.4%) 2.07% +1.701 pp 0.03% +0.027 pp USD43.65 +1.7% 2 qtrs
6 ALYESKA INVESTMENT GROUP, L.P. 1.29M +20.4K (+1.6%) 57.08M +6.1M (+12.0%) 1.83% +0.029 pp 0.16% +0.007 pp USD40.33 +10.0% 2 qtrs
7 INVESCO LTD. 1.28M +820.2K (+178.8%) 56.76M +38.3M (+207.3%) 1.82% +1.170 pp 0.01% +0.006 pp USD42.90 +3.4% 2 qtrs
8 NORTH REEF CAPITAL MANAGEMENT LP 1.27M +539.2K (+74.3%) 56.14M +26.9M (+92.1%) 1.80% +0.769 pp 2.26% +0.893 pp USD42.02 +5.6% 2 qtrs
9 ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC 932.1K +478.4K (+105.4%) 40.68M +23.0M (+130.1%) 1.33% +0.682 pp 0.07% +0.038 pp USD42.37 +4.7% 2 qtrs
10 ADAGE CAPITAL PARTNERS GP, L.L.C. 881.3K +249.7K (+39.5%) 39.11M +13.7M (+53.8%) 1.26% +0.356 pp 0.06% +0.019 pp USD41.43 +7.1% 2 qtrs
11 JPMORGAN CHASE & CO 814.3K +2.6K (+0.3%) 36.14M +3.5M (+10.6%) 1.16% +0.004 pp 0.00% +0.000 pp USD40.27 +10.2% 2 qtrs
12 CALDWELL INVESTMENT MANAGEMENT LTD. 738.8K +75.0K (+11.3%) 33.73M +6.7M (+24.7%) 1.05% +0.107 pp 20.74% +2.977 pp USD40.68 +9.1% 2 qtrs
13 LORD, ABBETT & CO. LLC 659.7K +360.5K (+120.5%) 29.28M +17.2M (+143.1%) 0.94% +0.514 pp 0.09% +0.054 pp USD42.51 +4.4% 2 qtrs
14 BLAIR WILLIAM & CO/IL 654.8K +291.1K (+80.0%) 29.06M +14.4M (+98.4%) 0.93% +0.415 pp 0.08% +0.039 pp USD42.09 +5.4% 2 qtrs
15 JANE STREET GROUP, LLC 638.1K +148.5K (+30.3%) 28.32M +8.6M (+43.7%) 0.91% +0.212 pp 0.00% +0.001 pp USD41.22 +7.7% 2 qtrs
16 CITADEL ADVISORS LLC 619.6K -355.5K (-36.5%) 27.50M -11.8M (-30.0%) 0.88% -0.507 pp 0.00% -0.002 pp USD40.26 +10.2% 2 qtrs
17 WELLINGTON MANAGEMENT GROUP LLP 616.1K +33.0K (+5.7%) 27.34M +3.9M (+16.5%) 0.88% +0.047 pp 0.00% +0.001 pp USD40.48 +9.6% 2 qtrs
18 GOLDMAN SACHS GROUP INC 580.7K +387.5K (+200.6%) 25.77M +18.0M (+231.3%) 0.83% +0.553 pp 0.00% +0.002 pp USD43.01 +3.2% 2 qtrs
19 STATE STREET CORP 576.4K +519.9K (+921.1%) 25.58M +23.3M (+1,025.6%) 0.82% +0.741 pp 0.00% +0.001 pp USD43.98 +0.9% 2 qtrs
20 GHISALLO CAPITAL MANAGEMENT LLC 557.5K +282.5K (+102.7%) 24.74M +13.7M (+123.5%) 0.80% +0.403 pp 1.10% +0.742 pp USD42.35 +4.8% 2 qtrs
21 DRIEHAUS CAPITAL MANAGEMENT LLC 532.4K +340.8K (+177.8%) 23.63M +15.9M (+206.3%) 0.76% +0.486 pp 0.16% +0.105 pp USD42.90 +3.4% 2 qtrs
22 GEODE CAPITAL MANAGEMENT, LLC 512.8K +353.4K (+221.7%) 22.76M +16.3M (+254.6%) 0.73% +0.504 pp 0.00% +0.001 pp USD43.10 +3.0% 2 qtrs
23 AMERIPRISE FINANCIAL INC 447.5K +241.3K (+117.0%) 19.86M +11.6M (+139.2%) 0.64% +0.344 pp 0.00% +0.003 pp USD42.48 +4.5% 2 qtrs
24 FRANKLIN RESOURCES INC 427.2K -5.1K (-1.2%) 18.96M +1.6M (+8.9%) 0.61% -0.007 pp 0.00% +0.000 pp USD40.26 +10.2% 2 qtrs
25 SEVEN GRAND MANAGERS, LLC 400.0K +100.0K (+33.3%) 17.75M +5.7M (+47.0%) 0.57% +0.143 pp 1.35% +0.371 pp USD41.29 +7.5% 2 qtrs
26 VICTORY CAPITAL MANAGEMENT INC 392.1K +89.9K (+29.7%) 17.40M +5.2M (+43.0%) 0.56% +0.128 pp 0.01% +0.003 pp USD41.20 +7.7% 2 qtrs
27 SEI INVESTMENTS CO 340.3K +239.1K (+236.3%) 15.10M +11.0M (+270.7%) 0.49% +0.341 pp 0.01% +0.011 pp USD43.15 +2.9% 2 qtrs
28 INTRINSIC EDGE CAPITAL MANAGEMENT LLC 322.5K -25.9K (-7.4%) 14.31M +287.1K (+2.0%) 0.46% -0.037 pp 2.55% +0.597 pp USD40.26 +10.2% 2 qtrs
29 BANK OF AMERICA CORP /DE/ 303.9K +111.2K (+57.7%) 13.49M +5.7M (+73.9%) 0.43% +0.159 pp 0.00% +0.001 pp USD41.77 +6.2% 2 qtrs
30 BURKEHILL GLOBAL MANAGEMENT, LP 290.0K +140.0K (+93.3%) 12.87M +6.8M (+113.1%) 0.41% +0.200 pp 0.85% +0.505 pp USD42.25 +5.0% 2 qtrs
31 JUMP FINANCIAL, LLC 285.3K +266.3K (+1,404.1%) 12.66M +11.9M (+1,558.0%) 0.41% +0.380 pp 0.16% +0.146 pp USD44.11 +0.6% 2 qtrs
32 MILLENNIUM MANAGEMENT LLC 284.7K +126.2K (+79.6%) 12.63M +6.3M (+98.0%) 0.41% +0.180 pp 0.01% +0.003 pp USD42.09 +5.4% 2 qtrs
33 DELTA GLOBAL MANAGEMENT LP 279.0K +228.5K (+452.6%) 12.38M +10.4M (+509.1%) 0.40% +0.326 pp 0.56% +0.415 pp USD43.63 +1.7% 2 qtrs
34 NORGES BANK 277.2K +277.2K (+100.0%) 12.30M +12.3M (+100.0%) 0.40% +0.395 pp 0.00% +0.001 pp USD44.38 +0.0% 1 qtrs NEW
35 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 273.9K -23.8K (-8.0%) 12.16M +170.1K (+1.4%) 0.39% -0.034 pp 0.00% +0.000 pp USD40.26 +10.2% 2 qtrs
36 WOODLINE PARTNERS LP 261.1K +— (+0.0%) 11.59M +1.1M (+10.2%) 0.37% +0.000 pp 0.04% -0.005 pp USD40.26 +10.2% 2 qtrs
37 PENN CAPITAL MANAGEMENT COMPANY, LLC 252.1K +252.1K (+100.0%) 11.22M +11.2M (+100.0%) 0.36% +0.360 pp 0.89% +0.894 pp USD44.38 +0.0% 1 qtrs NEW
38 AXIOM INVESTORS LLC /DE 243.2K +243.2K (+100.0%) 10.79M +10.8M (+100.0%) 0.35% +0.347 pp 0.09% +0.095 pp USD44.38 +0.0% 1 qtrs NEW
39 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 234.2K +34.2K (+17.1%) 10.40M +2.3M (+29.1%) 0.33% +0.049 pp 0.02% +0.003 pp USD40.86 +8.6% 2 qtrs
40 MORGAN STANLEY 220.9K -300.1K (-57.6%) 9.80M -11.2M (-53.3%) 0.32% -0.428 pp 0.00% -0.001 pp USD40.26 +10.2% 2 qtrs
41 TOCQUEVILLE ASSET MANAGEMENT L.P. 220.8K -9.9K (-4.3%) 9.80M +510.0K (+5.5%) 0.31% -0.014 pp 0.14% +0.008 pp USD40.26 +10.2% 2 qtrs
42 FEDERATED HERMES, INC. 200.0K -50.0K (-20.0%) 8.88M -1.2M (-11.8%) 0.29% -0.071 pp 0.01% -0.003 pp USD40.26 +10.2% 2 qtrs
43 RENAISSANCE TECHNOLOGIES LLC 195.1K +195.1K (+100.0%) 8.66M +8.7M (+100.0%) 0.28% +0.278 pp 0.01% +0.013 pp USD44.38 +0.0% 1 qtrs NEW
44 BNP PARIBAS ARBITRAGE, SNC 191.0K +191.0K (+100.0%) 8.48M +8.5M (+100.0%) 0.27% +0.272 pp 0.00% +0.004 pp USD44.38 +0.0% 1 qtrs NEW
45 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 187.1K +98.6K (+111.5%) 8.30M +4.7M (+133.2%) 0.27% +0.141 pp 0.00% +0.001 pp USD42.43 +4.6% 2 qtrs
46 ROYCE & ASSOCIATES LP 181.5K +181.5K (+100.0%) 8.05M +8.1M (+100.0%) 0.26% +0.259 pp 0.08% +0.082 pp USD44.38 +0.0% 1 qtrs NEW
47 175.0K +175.0K (+100.0%) 7.77M +7.8M (+100.0%) 0.25% +0.250 pp 5.49% +5.495 pp USD44.38 +0.0% 1 qtrs NEW
48 MONASHEE INVESTMENT MANAGEMENT LLC 175.0K +25.0K (+16.7%) 7.77M +1.7M (+28.6%) 0.25% +0.036 pp 4.38% +1.365 pp USD40.85 +8.6% 2 qtrs
49 NORTHERN TRUST CORP 169.6K +139.5K (+464.1%) 7.53M +6.3M (+521.8%) 0.24% +0.199 pp 0.00% +0.001 pp USD43.65 +1.7% 2 qtrs
50 UBS GROUP AG 162.9K +154.9K (+1,944.5%) 7.23M +6.9M (+2,153.7%) 0.23% +0.221 pp 0.00% +0.001 pp USD44.18 +0.5% 2 qtrs
51 NEW YORK STATE COMMON RETIREMENT FUND 162.2K +162.2K (+100.0%) 7.20M +7.2M (+100.0%) 0.23% +0.231 pp 0.01% +0.010 pp USD44.38 +0.0% 1 qtrs NEW
52 SOROS FUND MANAGEMENT LLC 154.6K +50.3K (+48.2%) 6.86M +2.7M (+63.4%) 0.22% +0.072 pp 0.08% +0.020 pp USD41.60 +6.7% 2 qtrs
53 MANUFACTURERS LIFE INSURANCE COMPANY, THE 146.9K +104.0K (+241.8%) 6.52M +4.8M (+276.8%) 0.21% +0.148 pp 0.01% +0.004 pp USD43.17 +2.8% 2 qtrs
54 TWO SIGMA INVESTMENTS, LP 140.3K +90.3K (+180.6%) 6.23M +4.2M (+209.3%) 0.20% +0.129 pp 0.01% +0.006 pp USD42.91 +3.4% 2 qtrs
55 UNISPHERE ESTABLISHMENT 135.0K +35.0K (+35.0%) 5.99M +2.0M (+48.8%) 0.19% +0.050 pp 0.04% +0.013 pp USD41.33 +7.4% 2 qtrs
56 PRICE T ROWE ASSOCIATES INC /MD/ 130.5K -268.3K (-67.3%) 5.79M -10.3M (-63.9%) 0.19% -0.383 pp 0.00% -0.001 pp USD40.26 +10.2% 2 qtrs
57 POLAR CAPITAL HOLDINGS PLC 124.0K +124.0K (+100.0%) 5.50M +5.5M (+100.0%) 0.18% +0.177 pp 0.02% +0.021 pp USD44.38 +0.0% 1 qtrs NEW
58 LMR PARTNERS LLP 109.8K +— (+0.0%) 4.87M +452.4K (+10.2%) 0.16% +0.000 pp 0.01% -0.010 pp USD40.26 +10.2% 2 qtrs
59 KING LUTHER CAPITAL MANAGEMENT CORP 103.8K +103.8K (+100.0%) 4.61M +4.6M (+100.0%) 0.15% +0.148 pp 0.02% +0.019 pp USD44.38 +0.0% 1 qtrs NEW
60 RAYMOND JAMES FINANCIAL INC 102.4K +89.5K (+693.9%) 4.54M +4.0M (+775.2%) 0.15% +0.128 pp 0.00% +0.001 pp USD43.86 +1.2% 2 qtrs
61 HUDSON BAY CAPITAL MANAGEMENT LP 101.6K +60.4K (+146.8%) 4.51M +2.9M (+172.1%) 0.14% +0.086 pp 0.01% +0.009 pp USD42.71 +3.9% 2 qtrs
62 SCHONFELD STRATEGIC ADVISORS LLC 100.0K -117.7K (-54.1%) 4.44M -4.3M (-49.4%) 0.14% -0.168 pp 0.02% -0.030 pp USD40.26 +10.2% 2 qtrs
63 QUINN OPPORTUNITY PARTNERS LLC 88.5K -74.1K (-45.6%) 3.93M -2.6M (-40.0%) 0.13% -0.106 pp 0.17% -0.298 pp USD40.26 +10.2% 2 qtrs
64 TD ASSET MANAGEMENT INC 80.5K +17.0K (+26.9%) 3.57M +1.0M (+39.8%) 0.11% +0.024 pp 0.00% +0.001 pp USD41.13 +7.9% 2 qtrs
65 COASTAL BRIDGE ADVISORS, LLC 77.4K +850.0 (+1.1%) 3.44M +353.2K (+11.5%) 0.11% +0.001 pp 0.26% +0.023 pp USD40.31 +10.1% 2 qtrs
66 RUSSELL INVESTMENTS GROUP, LTD. 76.4K +76.4K (+100.0%) 3.39M +3.4M (+100.0%) 0.11% +0.109 pp 0.00% +0.004 pp USD44.38 +0.0% 1 qtrs NEW
67 MAD RIVER INVESTORS 75.1K +450.0 (+0.6%) 3.33M +327.3K (+10.9%) 0.11% +0.001 pp 1.52% +0.232 pp USD40.28 +10.2% 2 qtrs
68 BLACKSTONE INC. 75.0K +25.0K (+50.0%) 3.33M +1.3M (+65.4%) 0.11% +0.036 pp 0.01% +0.005 pp USD41.63 +6.6% 2 qtrs
69 MAVEN SECURITIES LTD 69.9K +69.9K (+100.0%) 3.10M +3.1M (+100.0%) 0.10% +0.100 pp 0.07% +0.069 pp USD44.38 +0.0% 1 qtrs NEW
70 BANK OF NEW YORK MELLON CORP 60.4K +53.8K (+810.6%) 2.68M +2.4M (+903.7%) 0.09% +0.077 pp 0.00% +0.000 pp USD43.93 +1.0% 2 qtrs
71 ONE8ZERO8, LLC 58.4K +58.4K (+100.0%) 2.59M +2.6M (+100.0%) 0.08% +0.083 pp 0.57% +0.565 pp USD44.38 +0.0% 1 qtrs NEW
72 BARCLAYS PLC 57.1K +41.2K (+259.1%) 2.53M +1.9M (+295.8%) 0.08% +0.059 pp 0.00% +0.000 pp USD43.23 +2.7% 2 qtrs
73 TUDOR INVESTMENT CORP ET AL 56.0K +10.5K (+23.0%) 2.49M +652.4K (+35.6%) 0.08% +0.015 pp 0.00% +0.001 pp USD41.03 +8.2% 2 qtrs
74 CREDIT AGRICOLE S A 51.0K +51.0K (+100.0%) 2.26M +2.3M (+100.0%) 0.07% +0.073 pp 0.01% +0.005 pp USD44.38 +0.0% 1 qtrs NEW
75 HARVEY PARTNERS, LLC 50.0K +— (+0.0%) 2.22M +206.0K (+10.2%) 0.07% +0.000 pp 0.20% +0.018 pp USD40.26 +10.2% 2 qtrs
76 PANORAMIC CAPITAL, LLC 46.1K +46.1K (+100.0%) 2.05M +2.0M (+100.0%) 0.07% +0.066 pp 1.10% +1.098 pp USD44.38 +0.0% 1 qtrs NEW
77 STATE OF WISCONSIN INVESTMENT BOARD 42.6K +42.6K (+100.0%) 1.89M +1.9M (+100.0%) 0.06% +0.061 pp 0.00% +0.004 pp USD44.38 +0.0% 1 qtrs NEW
78 CALAMOS ADVISORS LLC 41.4K +41.4K (+100.0%) 1.84M +1.8M (+100.0%) 0.06% +0.059 pp 0.01% +0.007 pp USD44.38 +0.0% 1 qtrs NEW
79 ADVISOR GROUP HOLDINGS, INC. 40.2K +7.5K (+22.8%) 1.79M +465.8K (+35.3%) 0.06% +0.011 pp 0.00% +0.001 pp USD41.03 +8.2% 2 qtrs
80 COVALIS CAPITAL LLP 40.0K +40.0K (+100.0%) 1.78M +1.8M (+100.0%) 0.06% +0.057 pp 0.12% +0.125 pp USD44.38 +0.0% 1 qtrs NEW
81 NUVEEN, LLC 39.1K +39.1K (+100.0%) 1.74M +1.7M (+100.0%) 0.06% +0.056 pp 0.00% +0.001 pp USD44.38 +0.0% 1 qtrs NEW
82 MALTESE CAPITAL MANAGEMENT LLC 38.7K -121.3K (-75.8%) 1.72M -4.7M (-73.4%) 0.06% -0.173 pp 0.30% -0.671 pp USD40.26 +10.2% 2 qtrs
83 XTX TOPCO LTD 38.4K +38.4K (+100.0%) 1.70M +1.7M (+100.0%) 0.05% +0.055 pp 0.04% +0.045 pp USD44.38 +0.0% 1 qtrs NEW
84 PEKIN HARDY STRAUSS, INC. 36.3K +10.6K (+41.5%) 1.61M +577.9K (+56.0%) 0.05% +0.015 pp 0.15% +0.045 pp USD41.47 +7.0% 2 qtrs
85 WELLS FARGO & COMPANY/MN 35.6K +32.1K (+912.8%) 1.58M +1.4M (+1,016.4%) 0.05% +0.046 pp 0.00% +0.000 pp USD43.97 +0.9% 2 qtrs
86 SUSQUEHANNA INTERNATIONAL GROUP, LLP 33.7K -34.2K (-50.4%) 1.50M -1.2M (-45.3%) 0.05% -0.049 pp 0.00% 0.000 pp USD40.26 +10.2% 2 qtrs
87 GRANDEUR PEAK GLOBAL ADVISORS, LLC 32.0K +439.0 (+1.4%) 1.42M +149.4K (+11.8%) 0.05% +0.001 pp 0.19% +0.021 pp USD40.32 +10.1% 2 qtrs
88 QUADRATURE CAPITAL LTD 31.9K +31.9K (+100.0%) 1.42M +1.4M (+100.0%) 0.05% +0.046 pp 0.01% +0.015 pp USD44.38 +0.0% 1 qtrs NEW
89 SWISS NATIONAL BANK 31.8K +31.8K (+100.0%) 1.41M +1.4M (+100.0%) 0.05% +0.045 pp 0.00% +0.001 pp USD44.38 +0.0% 1 qtrs NEW
90 ELEMENT CAPITAL MANAGEMENT LLC 27.9K +27.9K (+100.0%) 1.24M +1.2M (+100.0%) 0.04% +0.040 pp 0.59% +0.591 pp USD44.38 +0.0% 1 qtrs NEW
91 RHUMBLINE ADVISERS 27.4K +27.4K (+100.0%) 1.21M +1.2M (+100.0%) 0.04% +0.039 pp 0.00% +0.001 pp USD44.38 +0.0% 1 qtrs NEW
92 BULLSEYE ASSET MANAGEMENT LLC 26.7K +26.7K (+100.0%) 1.19M +1.2M (+100.0%) 0.04% +0.038 pp 0.64% +0.639 pp USD44.38 +0.0% 1 qtrs NEW
93 HOUND PARTNERS, LLC 25.0K +— (+0.0%) 1.11M +103.0K (+10.2%) 0.04% +0.000 pp 0.15% +0.020 pp USD40.26 +10.2% 2 qtrs
94 ATLAS WEALTH PARTNERS, LLC 24.5K +2.6K (+11.8%) 1.09M +204.9K (+23.3%) 0.03% +0.004 pp 1.19% +0.294 pp USD40.70 +9.0% 2 qtrs
95 OPTIVER HOLDING B.V. 152.3K +152.3K (+100.0%) 6.8K +6.8K (+100.0%) 0.22% +0.217 pp 0.00% +0.000 pp USD44.38 +0.0% 1 qtrs NEW
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 84 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Horizon Kinetics Blockchain Development ETF BCDF 3.74% 844.0K 0.85%
2 Horizon Kinetics Inflation Beneficiaries ETF INFL 2.74% 40.25M 0.85%
3 State Street SPDR S&P Capital Markets ETF KCE 1.61% 7.21M 0.35%
4 American Century Small Cap Growth Insights ETF ACSG 0.48% 120.6K 0.49%
5 T. Rowe Price Financials ETF TFNS 0.22% 31.6K 0.44%
6 VanEck Gaming ETF GENZ 0.22% 37.5K 0.51%
7 iShares Russell 2000 Growth ETF IWO 0.20% 30.36M 0.24%
8 First Trust Small Cap BuyWrite Income ETF FTKI 0.20% 50.4K 0.86%
9 First Trust Merger Arbitrage ETF NTRL 0.15% 26.5K 0.95%
10 BNY Mellon US Small Cap Core Equity ETF BKSE 0.14% 121.4K 0.04%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.44
Bearish
Ratio by volume
0.40
Bearish
Buys
15
Sells
34
Shares acquired
316.6K
Shares disposed
786.8K
Cash buys
Cash sales
19.00
Net activity
-470,181
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-05-05 Gallagher Thomas P. Director / Officer M-Exempt A Common Stock 15,771 12.00 189.3K 1,739,046 I
2026-05-04 Teekell Judson Gray Director S-Sale D Common Stock 3,000 47.30 141.9K 56,338 D
2026-05-04 Schafer Douglas M. JR Officer M-Exempt D Nonqualified Stock Option (Right to Buy) 48,000 12.00 576.0K 54,000 D
2026-05-04 Gallagher Thomas P. Director / Officer M-Exempt D Nonqualified Stock Option (Right to Buy) 54,229 12.00 650.7K 225,771 I
2026-05-04 Eckert Kurt M. Director M-Exempt D Stock Option (Right to Buy) 5,625 12.00 67.5K 11,563 D
2026-05-04 Deitzel Edward Officer M-Exempt D Nonqualified Stock Option (Right to Buy) 11,000 12.00 132.0K 18,333 D
2026-05-04 Comly Barbara J. Officer M-Exempt D Nonqualified Stock Option (Right to Buy) 28,000 12.00 336.0K 84,000 D
2026-05-04 Brown Shelly Officer M-Exempt D Nonqualified Stock Option (Right to Buy) 16,000 12.00 192.0K 32,000 D
2026-04-15 Gallagher Thomas P. Director / Officer S-Sale D Common Stock 49,900 43.68 2.18M 485,963 D
2026-04-15 Comly Barbara J. Officer M-Exempt D Nonqualified Stock Option (Right to Buy) 29,667 12.00 356.0K 112,000 D
2026-04-09 Beckelman John Director M-Exempt A Common Stock 8,667 12.00 104.0K 8,667 D
2026-04-08 Deitzel Edward Officer M-Exempt A Common Stock 7,572 12.00 90.9K 123,793 D
2026-04-08 Brown Shelly Officer M-Exempt A Common Stock 16,434 12.00 197.2K 341,481 D
2026-04-07 Deitzel Edward Officer M-Exempt A Common Stock 4,001 12.00 48.0K 120,222 D
2026-04-07 Brown Shelly Officer M-Exempt A Common Stock 900 12.00 10.8K 325,947 D
2026-04-06 Brown Shelly Officer S-Sale D Common Stock 2,357 41.33 97.4K 325,047 D
2026-04-02 Teekell Judson Gray Director S-Sale D Common Stock 2,700 40.00 108.0K 59,338 D
2026-03-30 Smollen John Officer F-InKind D Common Stock 362 37.50 13.6K 170,757 D
2026-03-30 Gallagher Thomas P. Director / Officer F-InKind D Common Stock 20,875 37.50 782.8K 1,827,399 I
2026-03-30 Emmons Lance Officer F-InKind D Common Stock 8,350 37.50 313.1K 119,262 D
2026-03-30 Deitzel Edward Officer F-InKind D Common Stock 707 37.50 26.5K 116,221 D
2026-03-30 Comly Barbara J. Officer F-InKind D Common Stock 1,448 37.50 54.3K 843,844 D
2026-03-30 Brown Shelly Officer M-Exempt D Incentive Stock Option (Right to Buy) 5,040 19.84 100.0K 0 D
2026-03-25 Teekell Judson Gray Director S-Sale D Common Stock 300 40.00 12.0K 62,038 D
2026-03-25 Sommers Jill E. Director Nonqualified Stock Option (Right to Buy) 8,306 22.34 185.6K 0 D
2026-03-23 Brown Shelly Officer S-Sale D Common Stock 25,932 39.33 1.02M 299,197 D
2026-03-19 Eckert Kurt M. Director M-Exempt A Common Stock 12,917 12.00 155.0K 180,292 D
2026-03-17 Schafer Douglas M. JR Officer M-Exempt A Common Stock 48,000 12.00 576.0K 444,681 D
2026-03-05 STAHL MURRAY Director P-Purchase A Common Stock 7,200 43.08 310.2K 4,633,842 I
2026-03-04 STAHL MURRAY Director P-Purchase A Common Stock 7,200 43.38 312.3K 4,696,666 I
2026-03-02 STAHL MURRAY Director S-Sale D Common Stock 121,054 40.92 4.95M 4,689,466 I
2024-04-01 Sites Eric Director Nonqualified Stock Option (Right to Buy) 9,174 20.00 183.5K 0 D
2023-03-27 Sites Eric Director Nonqualified Stock Option (Right to Buy) 9,554 19.84 189.6K 0 D
2022-07-01 Sites Eric Director Nonqualified Stock Option (Right to Buy) 7,500 25.98 194.9K 0 D
2021-08-01 Sites Eric Director Nonqualified Stock Option (Right to Buy) 7,500 16.14 121.1K 0 D

Executive team

Top executives
EBIT / Employee
-128.6K
Shares Outstanding
91.65M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2025 Thomas P. Gallagher Chairman & Chief Executive Officer 2.50M 11.00M 6.72M 877.1K 90.0K 21.19M 35.86%
2 2025 Barbara J. Comly Executive Vice President, General Counsel and Corporate Secretary 1.61M 2.81M 2.24M 591.3K 81.9K 7.33M 38.62%
3 2025 Douglas M. Schafer Jr. Executive Vice President and Chief Information Officer 2.08M 2.56M 591.3K 165.6K 5.39M 10.97%
4 2025 Lance Emmons Executive Vice President, Chief Financial Officer 780.0K 2.69M 492.8K 18.2K 3.98M 12.37%
5 2025 Shelly Brown Executive Vice President, Chief Strategy Officer 721.0K 1.80M 394.2K 35.9K 2.95M 13.38%
6 2024 Thomas P. Gallagher Chairman & Chief Executive Officer 2.50M 7.85M 45.9K 10.40M 0.00%
7 2024 Douglas M. Schafer Jr. Executive Vice President and Chief Information Officer 1.90M 1.28M 3.01M 680.7K 107.5K 6.98M 52.91%
8 2024 Shelly Brown Executive Vice President, Chief Strategy Officer 700.0K 895.6K 2.17M 1.05M 26.6K 4.85M 66.52%
9 2024 Barbara J. Comly Executive Vice President, General Counsel and Corporate Secretary 1.53M 1.48M 704.4K 80.4K 3.78M 18.61%
10 2023 Thomas P. Gallagher Chairman & Chief Executive Officer 2.50M 6.95M 24.11M 53.9K 33.61M 71.73%
11 2023 Barbara J. Comly Executive Vice President, General Counsel and Corporate Secretary 1.45M 1.00M 11.01M 824.2K 84.7K 14.37M 82.36%
12 2023 Douglas M. Schafer Jr. Executive Vice President and Chief Information Officer 1.75M 1.05M 824.2K 110.9K 3.74M 22.07%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-04-27 DEFA14A
2026-04-27 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-08 10-Q
2026-05-07 4
2026-05-06 8-K
2026-05-05 4
2026-05-05 4
2026-05-05 4
2026-05-05 4
2026-05-05 4
2026-05-05 4
2026-05-05 4

Executive team

NameTitleCompensationGender
Thomas Gallagher Chairman & Chief Executive Officer 14M male
Douglas Schafer Jr. Executive VP, Chief Information Officer, President of Miami International Technologies, LLC 5M male
Barbara J. Comly Executive Vice President, General Counsel & Corporate Secretary 5M female
Lance Emmons Executive Vice President & Chief Financial Officer 3M male
Shelly Brown Executive Vice President & Chief Strategy Officer 3M male
John E. Smollen Executive Vice President of New Product Development male
Amy Neiley-Avayou Senior Vice President of Trading Operations & Listing female
Joseph W. Ferraro Senior VP & Deputy General Counsel male
Kelli Annequin Senior Vice President & Chief Marketing Officer female
Mark Wetjen Executive Vice President of Futures & Innovative Products and Executive Regulatory Liaison Officer male
Matthew Rotella Senior Vice President & Chief Technology Officer male
Randy Foster Senior Vice President of Business Systems Development male
ESG Rating
A
FINANCIAL - CAPITAL MARKETS
2026
E (Environmental)
59.1 / 59.1
Company / Sector avg.
S (Social)
71.9 / 74.1
Company / Sector avg.
G (Governance)
69.3 / 72.6
Company / Sector avg.
ESG Total
66.7 / 68.6
Company / Sector avg.
ESG Score History FINANCIAL - CAPITAL MARKETS
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits