ETRADE Capital Management LLC Acquires Shares of 13,451 BGC Partners, Inc. (BGCP)

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.

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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.

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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.

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

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