ETRADE Capital Management LLC acquired a new position in BGC Partners, Inc. (NASDAQ:BGCP) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 13,451 shares of the financial services provider’s stock, valued at approximately $203,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of BGC Partners by 4.3% during the 4th quarter. BlackRock Inc. now owns 11,549,090 shares of the financial services provider’s stock worth $174,507,000 after acquiring an additional 480,323 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of BGC Partners by 2.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,056,614 shares of the financial services provider’s stock worth $102,102,000 after purchasing an additional 170,701 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of BGC Partners by 45.3% in the 4th quarter. Geode Capital Management LLC now owns 3,123,608 shares of the financial services provider’s stock worth $47,197,000 after purchasing an additional 973,407 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of BGC Partners by 1.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,096,684 shares of the financial services provider’s stock worth $42,424,000 after purchasing an additional 34,975 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of BGC Partners by 8.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,726,751 shares of the financial services provider’s stock worth $26,092,000 after purchasing an additional 129,749 shares in the last quarter. Hedge funds and other institutional investors own 44.35% of the company’s stock.
Shares of NASDAQ:BGCP traded down $0.28 during trading on Friday, reaching $13.16. The company’s stock had a trading volume of 1,762,237 shares, compared to its average volume of 2,022,404. 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, Inc. has a 12 month low of $10.60 and a 12 month high of $16.97. The company has a market cap of $4,115.88, a price-to-earnings ratio of 10.97 and a beta of 1.13.
BGC Partners (NASDAQ:BGCP) last announced its quarterly earnings results on Friday, February 9th. The financial services provider reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.07. The firm had revenue of $894.23 million during the quarter, compared to the consensus estimate of $853.00 million. BGC Partners had a net margin of 0.05% and a return on equity of 47.22%. During the same quarter last year, the firm earned $0.25 EPS. equities analysts forecast that BGC Partners, Inc. 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 paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend was Monday, February 26th. BGC Partners’s payout ratio is currently 60.00%.
BGCP has been the topic of a number of analyst reports. BidaskClub cut BGC Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th. BGC Financial raised BGC Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. TheStreet cut BGC Partners from a “b” rating to a “c+” rating in a research report on Monday, February 12th. Finally, ValuEngine downgraded shares of BGC Partners from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. BGC Partners currently has an average rating of “Buy” and a consensus price target of $18.00.
TRADEMARK VIOLATION NOTICE: This report was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/07/13451-shares-in-bgc-partners-inc-bgcp-purchased-by-etrade-capital-management-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.
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.