13,020 Shares in BGC Partners (BGCP) Purchased by RiverGlades Family Offices LLC

RiverGlades Family Offices LLC purchased a new stake in BGC Partners (NASDAQ:BGCP) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,020 shares of the financial services provider’s stock, valued at approximately $175,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rhumbline Advisers boosted its holdings in shares of BGC Partners by 2.0% in the first quarter. Rhumbline Advisers now owns 219,809 shares of the financial services provider’s stock valued at $2,956,000 after acquiring an additional 4,226 shares during the period. Creative Planning boosted its holdings in shares of BGC Partners by 16.9% in the fourth quarter. Creative Planning now owns 30,309 shares of the financial services provider’s stock valued at $458,000 after acquiring an additional 4,386 shares during the period. Bank of Montreal Can boosted its holdings in shares of BGC Partners by 7.5% in the fourth quarter. Bank of Montreal Can now owns 63,008 shares of the financial services provider’s stock valued at $952,000 after acquiring an additional 4,388 shares during the period. M&T Bank Corp boosted its holdings in shares of BGC Partners by 35.3% in the first quarter. M&T Bank Corp now owns 17,253 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 4,501 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of BGC Partners by 270.2% in the fourth quarter. Assetmark Inc. now owns 6,912 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 5,045 shares during the period. 51.33% of the stock is owned by hedge funds and other institutional investors.

BGCP stock opened at $12.05 on Wednesday. The company has a market capitalization of $3.89 billion, a PE ratio of 10.04 and a beta of 1.07. BGC Partners has a twelve month low of $11.45 and a twelve month high of $16.97. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.14 and a quick ratio of 1.12.

BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. BGC Partners had a return on equity of 48.64% and a net margin of 1.24%. The firm had revenue of $956.65 million during the quarter, compared to the consensus estimate of $924.00 million. sell-side analysts predict that BGC Partners will post 1.35 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 5th. Investors of record on Monday, May 21st will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend is Friday, May 18th. BGC Partners’s dividend payout ratio is presently 60.00%.

Several research firms have recently weighed in on BGCP. BidaskClub downgraded BGC Partners from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. TheStreet downgraded BGC Partners from a “b” rating to a “c+” rating in a report on Monday, February 12th. BGC Financial raised BGC Partners from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. Zacks Investment Research downgraded BGC Partners from a “buy” rating to a “hold” rating in a report on Monday, April 16th. Finally, ValuEngine downgraded BGC Partners from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $18.00.

BGC Partners Company Profile

BGC Partners, Inc operates as a brokerage company servicing the financial and real estate markets worldwide. It operates in two segments, Financial Services and Real Estate Services. The Financial Services segment provides brokerage services for fixed income, interest rate derivatives, spot foreign exchange, foreign exchange derivatives, government bonds, corporate bonds, credit derivatives, insurance and money market products, energy, metals, equity derivatives, and structured market data products and services.

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

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