Sterling Capital Management LLC Acquires Shares of 186,160 BGC Partners, Inc. (BGCP)

Sterling Capital Management LLC acquired a new position in shares of BGC Partners, Inc. (NASDAQ:BGCP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 186,160 shares of the financial services provider’s stock, valued at approximately $2,353,000. Sterling Capital Management LLC owned 0.07% of BGC Partners as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in BGCP. Advisor Group Inc. grew its stake in shares of BGC Partners by 7.6% during the second quarter. Advisor Group Inc. now owns 11,974 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 850 shares during the period. Sei Investments Co. lifted its holdings in BGC Partners by 47.8% during the second quarter. Sei Investments Co. now owns 8,312 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 2,689 shares in the last quarter. Ffcm LLC lifted its holdings in BGC Partners by 169.5% during the second quarter. Ffcm LLC now owns 8,901 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 5,598 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in BGC Partners by 13.1% during the second quarter. PNC Financial Services Group Inc. now owns 9,508 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. bought a new position in BGC Partners during the second quarter worth about $124,000. 42.26% of the stock is owned by institutional investors and hedge funds.

In other BGC Partners news, Director Linda A. Bell sold 13,650 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $14.70, for a total transaction of $200,655.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 37.40% of the company’s stock.

BGC Partners, Inc. (BGCP) traded down 0.3669% on Tuesday, reaching $16.1306. The company’s stock had a trading volume of 232,154 shares. BGC Partners, Inc. has a 12 month low of $8.36 and a 12 month high of $16.51. The company has a market cap of $4.56 billion, a P/E ratio of 44.3148 and a beta of 1.31. The stock’s 50 day moving average price is $14.03 and its 200 day moving average price is $12.55.

BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.24 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.24. BGC Partners had a return on equity of 35.60% and a net margin of 4.23%. The firm had revenue of $737.80 million during the quarter, compared to the consensus estimate of $716.00 million. During the same period last year, the business posted $0.21 EPS. The business’s revenue was up 12.8% compared to the same quarter last year. Equities research analysts forecast that BGC Partners, Inc. will post $1.07 earnings per share for the current year.

Several research analysts have weighed in on the company. ValuEngine lowered BGC Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research upgraded BGC Partners from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, BidaskClub upgraded BGC Partners from a “hold” rating to a “buy” rating in a report on Thursday, August 17th.

ILLEGAL ACTIVITY NOTICE: “Sterling Capital Management LLC Acquires Shares of 186,160 BGC Partners, Inc. (BGCP)” was reported by The Ledger Gazette and is the

Several other institutional investors also recently made changes to their positions in BGCP. Advisor Group Inc. grew its stake in shares of BGC Partners by 7.6% during the second quarter. Advisor Group Inc. now owns 11,974 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 850 shares during the period. Sei Investments Co. lifted its holdings in BGC Partners by 47.8% during the second quarter. Sei Investments Co. now owns 8,312 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 2,689 shares in the last quarter. Ffcm LLC lifted its holdings in BGC Partners by 169.5% during the second quarter. Ffcm LLC now owns 8,901 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 5,598 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in BGC Partners by 13.1% during the second quarter. PNC Financial Services Group Inc. now owns 9,508 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. bought a new position in BGC Partners during the second quarter worth about $124,000. 42.26% of the stock is owned by institutional investors and hedge funds.

In other BGC Partners news, Director Linda A. Bell sold 13,650 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $14.70, for a total transaction of $200,655.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 37.40% of the company’s stock.

BGC Partners, Inc. (BGCP) traded down 0.3669% on Tuesday, reaching $16.1306. The company’s stock had a trading volume of 232,154 shares. BGC Partners, Inc. has a 12 month low of $8.36 and a 12 month high of $16.51. The company has a market cap of $4.56 billion, a P/E ratio of 44.3148 and a beta of 1.31. The stock’s 50 day moving average price is $14.03 and its 200 day moving average price is $12.55.

BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.24 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.24. BGC Partners had a return on equity of 35.60% and a net margin of 4.23%. The firm had revenue of $737.80 million during the quarter, compared to the consensus estimate of $716.00 million. During the same period last year, the business posted $0.21 EPS. The business’s revenue was up 12.8% compared to the same quarter last year. Equities research analysts forecast that BGC Partners, Inc. will post $1.07 earnings per share for the current year.

Several research analysts have weighed in on the company. ValuEngine lowered BGC Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research upgraded BGC Partners from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, BidaskClub upgraded BGC Partners from a “hold” rating to a “buy” rating in a report on Thursday, August 17th.

ILLEGAL ACTIVITY NOTICE: “Sterling Capital Management LLC Acquires Shares of 186,160 BGC Partners, Inc. (BGCP)” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/17/sterling-capital-management-llc-acquires-shares-of-186160-bgc-partners-inc-bgcp.html.

About BGC Partners

BGC Partners, Inc (BGC) is a global brokerage company servicing the financial and real estate markets. The Company operates through two segments: Financial Services and Real Estate Services. It provides a range of services, including trade execution, broker-dealer services clearing, trade compression, post trade, information, and other back-office services to a range of financial and non-financial institutions.

Institutional Ownership by Quarter for BGC Partners (NASDAQ:BGCP)

Receive News & Ratings for BGC Partners Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BGC Partners Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply