Jefferies Group LLC bought a new position in shares of BGC Partners, Inc. (NASDAQ:BGCP) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 107,946 shares of the financial services provider’s stock, valued at approximately $1,631,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Creative Planning increased its stake in BGC Partners by 16.9% during the 4th quarter. Creative Planning now owns 30,309 shares of the financial services provider’s stock worth $458,000 after buying an additional 4,386 shares during the period. Bank of Montreal Can increased its position in shares of BGC Partners by 7.5% in the 4th quarter. Bank of Montreal Can now owns 63,008 shares of the financial services provider’s stock valued at $952,000 after purchasing an additional 4,388 shares during the last quarter. Assetmark Inc. increased its position in shares of BGC Partners by 270.2% in the 4th quarter. Assetmark Inc. now owns 6,912 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 5,045 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of BGC Partners by 4.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 141,764 shares of the financial services provider’s stock valued at $2,052,000 after purchasing an additional 6,236 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of BGC Partners by 1.9% in the 3rd quarter. Swiss National Bank now owns 355,408 shares of the financial services provider’s stock valued at $5,143,000 after purchasing an additional 6,500 shares during the last quarter. 44.35% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:BGCP opened at $13.16 on Friday. BGC Partners, Inc. has a 52 week low of $10.60 and a 52 week high of $16.97. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $4,088.32, a price-to-earnings ratio of 10.97 and a beta of 1.13.
BGC Partners (NASDAQ:BGCP) last issued its earnings results on Friday, February 9th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating 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 business had revenue of $894.23 million during the quarter, compared to analysts’ expectations of $853.00 million. During the same quarter in the prior year, the business posted $0.25 EPS. research analysts forecast that BGC Partners, Inc. will post 1.37 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 27th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend was Monday, February 26th. BGC Partners’s payout ratio is 60.00%.
A number of brokerages have commented on BGCP. ValuEngine downgraded shares of BGC Partners from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. BidaskClub downgraded shares of BGC Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, March 27th. TheStreet downgraded shares of BGC Partners from a “b” rating to a “c+” rating in a research report on Monday, February 12th. Finally, BGC Financial raised shares of BGC Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. BGC Partners presently has a consensus rating of “Buy” and an average 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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