Zacks: BGC Partners, Inc. (BGCP) Given $18.00 Consensus Target Price by Brokerages

BGC Partners, Inc. (NASDAQ:BGCP) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a one year consensus price target of $18.00 for the company and are expecting that the company will post $0.30 earnings per share for the current quarter, according to Zacks. Zacks has also given BGC Partners an industry rank of 191 out of 265 based on the ratings given to related companies.

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BGCP has been the topic of a number of analyst reports. BidaskClub cut shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th. BGC Financial upgraded shares of BGC Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. TheStreet cut shares of BGC Partners from a “b” rating to a “c+” rating in a research report on Monday, February 12th. Finally, ValuEngine cut shares of BGC Partners from a “buy” rating to a “hold” rating in a research report on Monday.

Shares of BGCP opened at $13.44 on Tuesday. BGC Partners has a fifty-two week low of $10.60 and a fifty-two week high of $16.97. The firm has a market capitalization of $4,088.32, a P/E ratio of 11.20 and a beta of 1.13. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 1.45.

BGC Partners (NASDAQ:BGCP) last announced its quarterly earnings results on Friday, February 9th. The financial services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.07. BGC Partners had a net margin of 0.05% and a return on equity of 47.22%. The company had revenue of $894.23 million for the quarter, compared to analysts’ expectations of $853.00 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. analysts anticipate that BGC Partners will post 1.37 EPS for the current year.

The company also recently disclosed 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 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date was Monday, February 26th. BGC Partners’s dividend payout ratio (DPR) is 60.00%.

A number of hedge funds have recently bought and sold shares of the business. Creative Planning increased its position in BGC Partners by 16.9% during the fourth quarter. Creative Planning now owns 30,309 shares of the financial services provider’s stock valued at $458,000 after acquiring an additional 4,386 shares during the last quarter. Bank of Montreal Can increased its position in BGC Partners by 7.5% during the fourth quarter. Bank of Montreal Can now owns 63,008 shares of the financial services provider’s stock valued at $952,000 after acquiring an additional 4,388 shares during the last quarter. Assetmark Inc. grew its holdings in shares of BGC Partners by 270.2% in the fourth quarter. Assetmark Inc. now owns 6,912 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 5,045 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of BGC Partners by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 385,023 shares of the financial services provider’s stock worth $5,818,000 after purchasing an additional 5,512 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of BGC Partners by 4.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 141,764 shares of the financial services provider’s stock worth $2,052,000 after purchasing an additional 6,236 shares during the last quarter. Institutional investors and hedge funds own 44.35% of the company’s stock.

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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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