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.
COPYRIGHT VIOLATION NOTICE: “42,600 Shares in BGC Partners, Inc. (BGCP) Acquired by Carnick & Kubik Group LLC” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/15/42600-shares-in-bgc-partners-inc-bgcp-acquired-by-carnick-kubik-group-llc.html.
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.
Want to see what other hedge funds are holding BGCP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BGC Partners, Inc. (NASDAQ:BGCP).
Receive News & Ratings for BGC Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BGC Partners and related companies with MarketBeat.com's FREE daily email newsletter.