42,600 Shares in BGC Partners, Inc. (BGCP) Acquired by Carnick & Kubik Group LLC

Carnick & Kubik Group LLC acquired a new stake in shares of BGC Partners, Inc. (NASDAQ:BGCP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 42,600 shares of the financial services provider’s stock, valued at approximately $644,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Commerce Bank acquired a new position in BGC Partners during the 3rd quarter worth approximately $327,000. OxFORD Asset Management LLP increased its position in BGC Partners by 1,812.0% during the 3rd quarter. OxFORD Asset Management LLP now owns 505,101 shares of the financial services provider’s stock worth $7,302,000 after purchasing an additional 478,683 shares during the period. Brown Advisory Inc. increased its position in BGC Partners by 30.5% during the 3rd quarter. Brown Advisory Inc. now owns 47,093 shares of the financial services provider’s stock worth $681,000 after purchasing an additional 11,007 shares during the period. APG Asset Management N.V. acquired a new position in BGC Partners during the 3rd quarter worth approximately $3,716,000. Finally, First Trust Advisors LP increased its position in BGC Partners by 352.8% during the 3rd quarter. First Trust Advisors LP now owns 1,086,626 shares of the financial services provider’s stock worth $15,723,000 after purchasing an additional 846,623 shares during the period. 43.41% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on the company. ValuEngine cut BGC Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub cut BGC Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th. TheStreet cut BGC Partners from a “b” rating to a “c+” rating in a research report on Monday. Finally, BGC Financial upgraded BGC Partners from a “hold” rating to a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $18.00.

Shares of BGC Partners, Inc. (NASDAQ BGCP) opened at $13.53 on Thursday. The firm has a market capitalization of $3,940.01, a P/E ratio of 12.29 and a beta of 1.06. The company has a quick ratio of 1.31, a current ratio of 1.32 and a debt-to-equity ratio of 2.97. BGC Partners, Inc. has a fifty-two week low of $10.39 and a fifty-two week high of $16.97.

BGC Partners (NASDAQ:BGCP) last released its quarterly earnings results on Friday, February 9th. The financial services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.07. The business had revenue of $894.23 million for the quarter, compared to analysts’ expectations of $853.00 million. BGC Partners had a return on equity of 48.27% and a net margin of 0.05%. During the same quarter in the prior year, the firm posted $0.25 EPS. analysts expect that BGC Partners, Inc. will post 1.35 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 27th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date is Monday, February 26th.

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

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