BidaskClub upgraded shares of BGC Partners (NASDAQ:BGCP) from a sell rating to a hold rating in a research note published on Saturday.
BGCP has been the subject of a number of other reports. 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 upgraded shares of BGC Partners from a hold rating to a buy rating in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $18.00.
Shares of BGC Partners (NASDAQ BGCP) opened at $14.06 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.20 and a quick ratio of 1.18. The company has a market cap of $4,388.43, a PE ratio of 12.91 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 business also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.12%.
Several hedge funds have recently bought and sold shares of BGCP. Nationwide Fund Advisors lifted its position 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 valued at $1,838,000 after acquiring an additional 44,100 shares during the period. Aperio Group LLC lifted its position 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 valued at $1,725,000 after acquiring an additional 33,154 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position 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 valued at $19,556,000 after acquiring an additional 104,240 shares during the period. American Century Companies Inc. acquired a new stake in shares of BGC Partners during the 3rd quarter valued at approximately $1,188,000. Finally, Principal Financial Group Inc. lifted its position in shares of BGC Partners by 19.1% during the 3rd quarter. Principal Financial Group Inc. now owns 9,436,839 shares of the financial services provider’s stock valued at $136,552,000 after acquiring an additional 1,515,219 shares during the period. Institutional investors own 44.27% of the company’s stock.
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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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