LaSalle Street Capital Management LLC Purchases 13,092 Shares of BGC Partners, Inc. (BGCP)

LaSalle Street Capital Management LLC lifted its stake in shares of BGC Partners, Inc. (NASDAQ:BGCP) by 56.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,375 shares of the financial services provider’s stock after acquiring an additional 13,092 shares during the quarter. LaSalle Street Capital Management LLC’s holdings in BGC Partners were worth $526,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BGCP. BlackRock Inc. raised its holdings in shares of BGC Partners by 66,726.9% during the first quarter. BlackRock Inc. now owns 14,384,491 shares of the financial services provider’s stock worth $163,409,000 after acquiring an additional 14,362,966 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of BGC Partners by 247.8% during the second quarter. Principal Financial Group Inc. now owns 7,921,620 shares of the financial services provider’s stock worth $100,129,000 after acquiring an additional 5,643,875 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of BGC Partners by 2,838.5% during the second quarter. Prudential Financial Inc. now owns 1,743,966 shares of the financial services provider’s stock worth $22,043,000 after acquiring an additional 1,684,617 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of BGC Partners by 136.8% during the second quarter. Goldman Sachs Group Inc. now owns 1,560,790 shares of the financial services provider’s stock worth $19,728,000 after acquiring an additional 901,592 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of BGC Partners by 67.5% during the second quarter. Renaissance Technologies LLC now owns 2,232,548 shares of the financial services provider’s stock worth $28,219,000 after acquiring an additional 899,900 shares in the last quarter. 43.10% of the stock is owned by institutional investors and hedge funds.

In other news, Director Linda A. Bell sold 13,650 shares of BGC Partners stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $14.70, for a total value of $200,655.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 44.45% of the company’s stock.

Several analysts recently issued reports on the company. ValuEngine lowered BGC Partners from a “strong-buy” rating to a “buy” rating in a report on Friday. Zacks Investment Research upgraded BGC Partners from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a report on Wednesday, October 4th. Finally, BidaskClub upgraded BGC Partners from a “hold” rating to a “buy” rating in a report on Thursday, August 17th.

BGC Partners, Inc. (BGCP) traded up $0.14 during midday trading on Monday, reaching $16.49. The company’s stock had a trading volume of 3,168,330 shares, compared to its average volume of 1,525,240. BGC Partners, Inc. has a one year low of $9.86 and a one year high of $16.90. The company has a current ratio of 1.32, a quick ratio of 1.31 and a debt-to-equity ratio of 2.97. The company has a market capitalization of $4,760.00, a price-to-earnings ratio of 16.19 and a beta of 1.27.

BGC Partners (NASDAQ:BGCP) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. The business had revenue of $827.03 million for the quarter. BGC Partners had a return on equity of 42.02% and a net margin of 4.67%.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Tuesday, November 14th were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, November 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.37%. BGC Partners’s payout ratio is presently 114.29%.

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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.

Institutional Ownership by Quarter for BGC Partners (NASDAQ:BGCP)

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