Two Sigma Investments LP decreased its position in shares of BGC Partners, Inc. (NASDAQ:BGCP) by 31.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 304,455 shares of the financial services provider’s stock after selling 136,780 shares during the quarter. Two Sigma Investments LP’s holdings in BGC Partners were worth $4,600,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of BGCP. Nationwide Fund Advisors lifted its holdings in 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 in the last quarter. American Century Companies Inc. acquired a new position in BGC Partners during the 3rd quarter worth $1,188,000. Sei Investments Co. lifted its holdings in BGC Partners by 78.9% during the 3rd quarter. Sei Investments Co. now owns 14,871 shares of the financial services provider’s stock worth $215,000 after buying an additional 6,559 shares in the last quarter. Quantbot Technologies LP acquired a new position in BGC Partners during the 3rd quarter worth $516,000. Finally, SG Americas Securities LLC lifted its holdings in BGC Partners by 138.5% during the 3rd quarter. SG Americas Securities LLC now owns 74,146 shares of the financial services provider’s stock worth $1,073,000 after buying an additional 43,056 shares in the last quarter. 44.35% of the stock is currently owned by hedge funds and other institutional investors.
BGCP has been the topic of several research reports. ValuEngine downgraded BGC Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub downgraded BGC Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, December 15th. BGC Financial raised BGC Partners from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. Finally, TheStreet downgraded BGC Partners from a “b” rating to a “c+” rating in a report on Monday, February 12th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. BGC Partners currently has a consensus rating of “Buy” and an average price target of $18.00.
BGC Partners (NASDAQ:BGCP) last issued its earnings results on Friday, February 9th. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.28 by $0.07. The company had revenue of $894.23 million during the quarter, compared to analysts’ expectations of $853.00 million. BGC Partners had a net margin of 0.05% and a return on equity of 47.22%. During the same quarter in the previous year, the company posted $0.25 EPS. equities research analysts forecast that BGC Partners, Inc. will post 1.42 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 5.49%. The ex-dividend date was Monday, February 26th.
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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