Shares of BGC Partners, Inc. (NASDAQ:BGCP) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a one year consensus target price of $18.00 for the company and are anticipating that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also given BGC Partners an industry rank of 86 out of 265 based on the ratings given to related companies.
A number of research analysts have recently commented on the stock. BidaskClub downgraded shares of BGC Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine downgraded shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. TheStreet downgraded shares of BGC Partners from a “b” rating to a “c+” rating in a research report on Monday, February 12th. Finally, BGC Financial raised shares of BGC Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th.
BGC Partners (NASDAQ BGCP) opened at $13.64 on Friday. The firm has a market cap of $4,238.38, a price-to-earnings ratio of 12.47 and a beta of 1.10. BGC Partners has a 12-month low of $10.39 and a 12-month high of $16.97. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.20 and a quick ratio of 1.18.
BGC Partners (NASDAQ:BGCP) last announced its quarterly earnings data on Friday, February 9th. The financial services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. BGC Partners had a net margin of 0.05% and a return on equity of 47.22%. The company had revenue of $894.23 million during the quarter, compared to the consensus estimate of $853.00 million. During the same quarter last year, the firm posted $0.25 EPS. equities analysts forecast that BGC Partners will post 1.42 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 27th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend was Monday, February 26th.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors lifted its stake in shares of BGC Partners by 53.2% during the 3rd quarter. Nationwide Fund Advisors now owns 127,000 shares of the financial services provider’s stock worth $1,838,000 after buying an additional 44,100 shares during the last quarter. Aperio Group LLC lifted its stake in shares of BGC Partners by 38.5% during the 3rd quarter. Aperio Group LLC now owns 119,235 shares of the financial services provider’s stock worth $1,725,000 after buying an additional 33,154 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of BGC Partners by 8.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,351,467 shares of the financial services provider’s stock worth $19,556,000 after buying an additional 104,240 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of BGC Partners during the 3rd quarter worth about $1,188,000. Finally, Swiss National Bank lifted its stake in shares of BGC Partners by 1.9% during the 3rd quarter. Swiss National Bank now owns 355,408 shares of the financial services provider’s stock worth $5,143,000 after buying an additional 6,500 shares during the last quarter. 44.27% of the stock is owned by institutional investors.
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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.
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