SG Americas Securities LLC raised its stake in BGC Partners, Inc. (NASDAQ:BGCP) by 96.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 31,090 shares of the financial services provider’s stock after purchasing an additional 15,231 shares during the period. SG Americas Securities LLC’s holdings in BGC Partners were worth $393,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of BGC Partners by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 18,310,093 shares of the financial services provider’s stock worth $208,003,000 after purchasing an additional 1,214,964 shares during the last quarter. BlackRock Inc. increased its position in shares of BGC Partners by 66,726.9% in the 1st quarter. BlackRock Inc. now owns 14,384,491 shares of the financial services provider’s stock worth $163,409,000 after purchasing an additional 14,362,966 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of BGC Partners by 11.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,367,855 shares of the financial services provider’s stock worth $72,338,000 after purchasing an additional 643,716 shares during the last quarter. State Street Corp increased its position in shares of BGC Partners by 2.4% in the 1st quarter. State Street Corp now owns 4,409,057 shares of the financial services provider’s stock worth $50,085,000 after purchasing an additional 102,825 shares during the last quarter. Finally, Edge Asset Management Inc. increased its position in shares of BGC Partners by 19.5% in the 1st quarter. Edge Asset Management Inc. now owns 4,260,061 shares of the financial services provider’s stock worth $48,394,000 after purchasing an additional 694,519 shares during the last quarter. 43.76% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of BGC Partners from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research lowered shares of BGC Partners from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, ValuEngine raised shares of BGC Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st.
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Shares of BGC Partners, Inc. (NASDAQ:BGCP) opened at 13.25 on Wednesday. The company’s 50-day moving average is $12.80 and its 200 day moving average is $11.99. BGC Partners, Inc. has a 1-year low of $8.36 and a 1-year high of $13.44. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 33.38 and a beta of 1.31.
BGC Partners (NASDAQ:BGCP) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. BGC Partners had a net margin of 4.23% and a return on equity of 35.60%. The business had revenue of $737.80 million for the quarter, compared to analyst estimates of $716.00 million. During the same quarter last year, the firm earned $0.21 EPS. BGC Partners’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, analysts expect that BGC Partners, Inc. will post $0.99 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 28th. Shareholders of record on Monday, August 14th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend was Thursday, August 10th. BGC Partners’s payout ratio is currently 180.00%.
BGC Partners 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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