Jefferies Group LLC Purchases New Position in BGC Partners, Inc. (NASDAQ:BGCP)

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.

How to Become a New Pot Stock Millionaire

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.

COPYRIGHT VIOLATION WARNING: “Jefferies Group LLC Purchases New Position in BGC Partners, Inc. (NASDAQ:BGCP)” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/04/07/jefferies-group-llc-takes-1-63-million-position-in-bgc-partners-inc-bgcp.html.

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.

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

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.

Leave a Reply