UBS Asset Management Americas Inc. lifted its holdings in BGC Partners, Inc. (NASDAQ:BGCP) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 196,384 shares of the financial services provider’s stock after purchasing an additional 7,082 shares during the quarter. UBS Asset Management Americas Inc. owned 0.07% of BGC Partners worth $2,967,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of BGCP. Fuller & Thaler Asset Management Inc. purchased a new position in shares of BGC Partners in the third quarter valued at $114,000. B. Riley Financial Inc. purchased a new position in shares of BGC Partners in the third quarter valued at $153,000. State of Alaska Department of Revenue purchased a new position in shares of BGC Partners in the fourth quarter valued at $211,000. Sei Investments Co. grew its holdings in shares of BGC Partners by 78.9% in the third quarter. Sei Investments Co. now owns 14,871 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 6,559 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new position in shares of BGC Partners in the third quarter valued at $252,000. 44.35% of the stock is owned by hedge funds and other institutional investors.
NASDAQ BGCP traded down $0.28 on Friday, hitting $13.16. 1,762,237 shares of the stock were exchanged, compared to its average volume of 2,022,404. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $4,115.88, a price-to-earnings ratio of 10.97 and a beta of 1.13. BGC Partners, Inc. has a 52-week low of $10.60 and a 52-week high of $16.97.
BGC Partners (NASDAQ:BGCP) last posted its quarterly earnings data on Friday, February 9th. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.28 by $0.07. The company had revenue of $894.23 million during the quarter, compared to analyst estimates of $853.00 million. BGC Partners had a net margin of 0.05% and a return on equity of 47.22%. During the same period in the previous year, the firm earned $0.25 earnings per share. equities research analysts anticipate 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 dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 5.47%. The ex-dividend date was Monday, February 26th. BGC Partners’s payout ratio is 60.00%.
A number of research analysts recently weighed in on the stock. BidaskClub lowered shares of BGC Partners from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine lowered shares of BGC Partners from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. TheStreet lowered shares of BGC Partners from a “b” rating to a “c+” rating in a report on Monday, February 12th. Finally, BGC Financial raised shares of BGC Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $18.00.
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BGC Partners 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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