22,600 Shares in BGC Partners, Inc. (BGCP) Acquired by Commerce Bank

Commerce Bank bought a new stake in shares of BGC Partners, Inc. (NASDAQ:BGCP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,600 shares of the financial services provider’s stock, valued at approximately $327,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its position in BGC Partners by 247.8% in the 2nd quarter. Principal Financial Group Inc. now owns 7,921,620 shares of the financial services provider’s stock worth $100,129,000 after purchasing an additional 5,643,875 shares during the period. Prudential Financial Inc. raised its position in BGC Partners by 2,838.5% in the 2nd quarter. Prudential Financial Inc. now owns 1,743,966 shares of the financial services provider’s stock worth $22,043,000 after purchasing an additional 1,684,617 shares during the period. Goldman Sachs Group Inc. increased its position 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 during the period. Renaissance Technologies LLC increased its position 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 during the period. Finally, First Trust Advisors LP increased its position in shares of BGC Partners by 352.8% during the third quarter. First Trust Advisors LP now owns 1,086,626 shares of the financial services provider’s stock worth $15,723,000 after acquiring an additional 846,623 shares during the period. Hedge funds and other institutional investors own 43.10% of the company’s stock.

A number of equities analysts have recently commented on the stock. ValuEngine lowered shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub raised shares of BGC Partners from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Finally, Zacks Investment Research raised shares of BGC Partners from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a research report on Wednesday, October 4th.

In other BGC Partners news, Director Linda A. Bell sold 13,650 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $14.70, for a total value of $200,655.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 44.45% of the stock is owned by company insiders.

BGC Partners, Inc. (NASDAQ:BGCP) traded up $0.30 during midday trading on Thursday, hitting $16.69. 1,589,772 shares of the stock were exchanged, compared to its average volume of 1,525,291. The company has a current ratio of 1.32, a quick ratio of 1.31 and a debt-to-equity ratio of 2.97. BGC Partners, Inc. has a 1 year low of $9.91 and a 1 year high of $16.90. The company has a market capitalization of $4,820.00, a P/E ratio of 16.35 and a beta of 1.27.

BGC Partners (NASDAQ:BGCP) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.29. BGC Partners had a net margin of 4.67% and a return on equity of 42.02%. The firm had revenue of $827.03 million for the quarter.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Tuesday, November 14th were paid a $0.18 dividend. The ex-dividend date was Monday, November 13th. This represents a $0.72 annualized dividend and a yield of 4.31%. BGC Partners’s dividend payout ratio (DPR) is 114.29%.

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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.

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

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