Bailard Inc. acquired a new position in BGC Partners, Inc. (NASDAQ:BGCP) in the fourth quarter, Holdings Channel reports. The firm acquired 42,600 shares of the financial services provider’s stock, valued at approximately $644,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in BGCP. Advisor Group Inc. raised its holdings in BGC Partners by 7.6% in the 2nd quarter. Advisor Group Inc. now owns 11,974 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 850 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in BGC Partners in the 3rd quarter worth approximately $114,000. PNC Financial Services Group Inc. raised its holdings in BGC Partners by 13.1% in the 2nd 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 during the last quarter. Miller Howard Investments Inc. NY purchased a new position in BGC Partners in the 3rd quarter worth approximately $148,000. Finally, B. Riley Financial Inc. purchased a new position in BGC Partners in the 3rd quarter worth approximately $153,000. Institutional investors own 43.41% of the company’s stock.
BGCP has been the subject of a number of recent analyst reports. BidaskClub lowered shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, December 15th. ValuEngine lowered shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. BGC Financial upgraded shares of BGC Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th. Finally, TheStreet lowered shares of BGC Partners from a “b” rating to a “c+” rating in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $18.00.
Shares of BGC Partners, Inc. (NASDAQ BGCP) opened at $13.70 on Friday. The firm has a market cap of $3,950.00, a price-to-earnings ratio of 80.59 and a beta of 1.06. The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.31 and a current ratio of 1.32. BGC Partners, Inc. has a 12 month low of $10.39 and a 12 month high of $16.97.
BGC Partners (NASDAQ:BGCP) last announced its earnings results on Friday, February 9th. The financial services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. The business had revenue of $894.23 million during the quarter, compared to analyst estimates of $853.00 million. BGC Partners had a net margin of 0.05% and a return on equity of 48.27%. During the same period in the previous year, the business earned $0.25 EPS. equities research analysts predict that BGC Partners, Inc. will post 1.35 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 27th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.72 dividend on an annualized basis and a yield of 5.26%. BGC Partners’s dividend payout ratio is presently 423.53%.
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BGC Partners Company Profile
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.
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